Restaurant for sale

LOCATION
Prime High Street tourist spot in the very popular village of Porlock, close to the coast within Exmoor National Park. Porlock is a village in Somerset, 5 miles west of Minehead. There is an interesting array of local shops as well as a Tesco Express and right next to this establishment is a Spar general store. Tourists flock to Porlock throughout the year, nearby is a caravan park and to the rear of this property is a public car park.

THE PROPERTY
Attractive mid terraced 5 bedroom property providing a ground floor restaurant of around 510 sq ft with a commercial kitchen to the rear plus a preparation room.
There is a covered rear courtyard and access to ladies and gents cloakrooms.
A pathway gives access to the rear where there is a store room and boiler room.
The private quarters are approached from a self-contained hallway and stairs to first floor where there is a fitted private kitchen, bathroom, separate cloakroom, large lounge and main bedroom.
The top floor provides 4 further bedrooms.
The upper floors have oil fired radiator central heating.
It is believed many years ago the property may have been used as a small guest house as some bedrooms have wash basins.

THE BUSINESS
This long established 40 cover restaurant is now available due to retirement of the owners who has been in occupation for 40 years! Opening modestly from choice 5 evenings a week takings have been around £41,000 per annum with huge scope to increase the takings by increasing the opening hours.

One customer said "Great little place to eat. Pure and simple this is the best cooked vegetables we have ever had. Excellent service good location. No fuss, meals plated and delicious." Another said "Good honest food, good wines and lovely service".

The business is now closed due to retirement but can easily be re-established and is offered fully furnished and equipped or alternatively would be ideal for a variety of businesses, subject to any necessary planning consents.

SERVICES AND UTILITIES
All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting
BUSINESS RATES
£7,700 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.
From the town of Minehead head along the A39 towards Porlock.
Upon entering the village drive past the Petrol Station in the centre on the right and after 25 yards Lapsewood Restaurant is found on the right next to the Spar Convenience Store.