No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

Restaurant

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Restaurant
0 bed
0 bath

Property description & features

  • Three Leasehold Restaurants
  • Excellent Trading Positions
  • Further Potential
  • Very Busy Holiday Destinations

Leasehold Triple Site Restaurant Business Located In Cornwall
Ratings / Google 4.5 / Restaurant Guru 4.6 / Facebook 4.5
Ref 2907

Location
This very popular triple sited Restaurant business is located in Cornwall.

Leasehold Asking Price: £179,950 plus SAV

Business Description
Veritas Business Sales are delighted to offer for sale this triple sited restaurant business which is located in Cornwall. All three sites are leasehold and have been in the careful hands of the current owner for the past 18 months. They are now offering the business for sale so that the owner can concentrate on other business interests.
Since ownership they have undertaken total refurbishment and invested in new equipment, along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The three restaurants are owner operated with the help of (restaurant 1) 6 full time and 4 part time members of staff and (restaurant 2) 2 full time and 2 part time members of staff depending on the time of year, restaurant 3 4 full time and 8 part time members of staff. The annual turnover is circa £900,000. Restaurant 1 serves breakfast, lunch and dinner throughout the year with restaurant 2 serving mainly breakfast and lunch with the facilities available for the evenings if required. All fayre is freshly prepared to order on site using only the finest Cornish produce which has gained them a Google & Facebook rating of 4.5.
We believe that there is further potential to increase trade by extending upon the current opening times, opening later in the day and on Sundays, during the summer months, which currently they do not do. They would also benefit from offering a delivery service to the many surrounding businesses. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Restaurant 1
Monday - Saturday - 9:00am - 2:00pm - 5:30pm - 8:00pm
Sunday - 12:00 noon - 6:00pm

Leasehold
Term: 10 Lease
Remaining: 9 years
Rent: £50,000 pa

Ground Floor
Function room (11.8m x 5.4m) comprising: tables and chairs to cover(44), oak beamed ceiling, feature fireplace, oak cabinet, various pictures, 2 carvery units (Victor), water heater (Swan) and plate warmer.
Dining room 1 (4.2m x 12.1m) with Welsh dresser, tables and chairs to cover (30) and feature fireplace.
Toilet (1.1m x 2.2m) with W/C, wash basin and wall mounted mirror.Dining room 2 (7.3m x4.3m) with tables and chairs to cover (20) and 4 x children's highchairs.
Reception area (4.6m x 1.8m) with reception desk and wooden coffee table.
Bar area (8.8m x 3.7m) comprising: corner settee, 2 x settees, 2 x tables with corner settee, wall mounted mirror, bar with counter and usual chiller and dispensing equipment, electronic till, undercounter drinks fridge, espresso coffee machine (Zoe), various shelves and coffee grinder.
Back bar area (2.4m x 6.4m) comprising: upright drinks fridge (Gamko), commercial sink with drainer, glass washer (Smeg), various shelves, ice machine (Polar) and washing machine (Hot Point).Kitchen (8.4 x 2.3m) comprising: oven (Rational), oven stand, stainless steel stand, 6 burner oven (Falcon), griddle (Blue Seal), dual fryer (linear), extraction unit, 2 x stainless steel prep tables, heated pass, 3 door chiller unit with salad bar (Lofrico), 3 door chiller unit with salad prep (Blizzard), stainless steel prep table, sink with drainer, various kitchen untensils, upright freezer (Gram), various shelves and wash basin.
Pot wash area (4.1m x 2.0m) comprising: dual sink with drainer, dishwasher (Smeg), 2 x stainless steel prep tables and 2 door chiller unit (Foster).
Prep room (2.3m x 6.5m) comprising: two 3 door chiller units (Polar), 2 x chest freezers, food mixer (Robot Coupe), countertop oven (Sirman), 2 door chiller and microwave (Samsung).

External
14 garden picnic tables and parking for (40) cars.
Guest apartment with Kitchen/lounge, double bedroom and bathroom.

Restaurant 2
Opening Hours
Monday - Sunday - 9:00am - 4:00pm

Leasehold
New 5 year lease
Rent: £15,000 pa

Ground Floor
Restaurant (5.6m x 6.6m) comprising: tables and chairs to cover (26), sales counter, espresso coffee machine (Conti), till and screen (SRMI).
Toilet (4.5m x 3.2m) with W/C, wash basin, shower and hand dryer.
Kitchen (3.1m x 5.5m) comprising: two door upright fridge (Ice-A-Cool), upright stainless-steel fridge (Blizzard), countertop oven (New World), 2 x stainless steel prep tables, dual sink with directional hose, wash basin, dishwasher (Electrolux), table with hot lamps, 6 station induction cooker (Adexa), stainless steel freezer (Atosa), prep table with drawers, oven (Indesit), 3 door chiller unit (Atesa), twin basket tabletop fryer, hot plate, commercial hood canopy and various shelves.

Restaurant 3
Opening Hours
Monday - Sunday - 9:00am - 5:00pm

Leasehold
New 3 year lease
Rent: £5,520 pa

Ground Floor
Restaurant (12.5m x 5.7m) comprising: tables and chairs to cover (36), feature log burner, wall mounted menu boards, various pictures, french doors leading to outside seating area next to the river.
W/C, wash basin, shower and hand dryer.
Kitchen (3.0m x 4.5m) comprising: electric oven (Belling), dual fryer (Buffalo), 2 stainless steel tables, microwave (Panasonic), dual sink with drainer and directional hose, dish washer, under counter fridge (Liebherr), upright fridge (Indesit), various stainless shelves, water boiler.
Front Kitchen (2.5m x 2.6m) comprising: stainless steel prep table, under counter fridge (Liebherr), espresso coffee machine (Simonelli), coffee grinder, hot water dispenser, 3 door drinks display chiller, 2 door drinks display chiller, various shelves, electronic till with screen, wash basin.

Places of interest

    Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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    Property reference 2907. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

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    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

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    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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