Restaurant for sale

Freehold Bar & Restaurant Located In The Centre Of Newquay, Cornwall

0121 721 6440

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Restaurant

0 bed

0 bath

Property description & features

Freehold Bar & Restaurant
Town Centre Location
Self Contained Two Bedroom Accommodation Above

Freehold Bar & Restaurant Located In The Centre Of Newquay, Cornwall
Self-Contained Two Bedroomed Apartment Above With Sea Views
Ref 3048

Asking Price £474,950 plus SAV (1,000)

Location
This outstanding Bar & Restaurant is located in Newquay, Cornwall. Situated within a prominent and highly visible trading position, heading towards one of Newquay's main beaches. Newquay is one of the nation's favourite seaside towns, exudes the laid-back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort, all wrapped up in the most fantastic coastal scenery.

Business Description
Veritas Business Sales are delighted to offer for sale this respected Freehold Bar & Restaurant which is located in the centre of Newquay. The business was established by our clients back in 2016 and is now being offered for sale so that they can enjoy a well-deserved retirement.
Since ownership they have completely rebuilt the property from top to bottom with no expense spared 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. Toast is owner operated and requires the help of 1 full time and 2 part time members of staff and has an annual turnover of circa £170,000. Toast is a haven for Mediterranean, European, and Spanish cuisine and caters to a diverse palate with an array of vegetarian friendly, vegan, and gluten-free options, all made with locally sourced fresh produce. They can be accompanied with a fine selection of cocktails, wines and beers as well as well as locally sourced coffee and various teas. Currently the business operates 5 days a week dropping to ¾ during the winter months. The first floor provides a self-contained 2 bedroomed apartment tastefully decorated with wooden beams and views overlooking Towan Beach.
We believe that there is further potential to increase trade by extending the current opening times and trading all year round. The business 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 freehold business which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Tuesday - Saturday - 17:00 - 23:00
Sunday & Monday - closed

Ground Floor
Bar (4.9m x 5.3m) comprising: Oak bar counter, various shelves, drinks blender (Nutri-Bullet), espresso coffee machine (Lespaziale), glass washer (Polar), wash basin, 3 door undercounter drinks fridge (Polar), wine fridge, epos till with cash drawer, usual bar equipment, 2 door chiller unit and 2 black boards.
Restaurant (10.7m x 4.9m) with 5 x high tables with 10 stools, 7 x tables with chairs/bench seating to cover (18) and various pictures.
Upper restaurant (3.6m x 3.6m) with tables and chairs to cover (6), 2 x baby high chairs, various pictures, oak cupboard and various stools.
Kitchen (4.0m x 2.5m) comprising: undercounter freezer (Polar), dishwasher (Class EQ), undercounter fridge (Polar), single deep fat fryer (Lincat), hot plate (Lincat), plate warmer (Lincat), 2 x stainless steel tables, tabletop oven (Turbo-Fan), 2 x tabletop basket fryers, 2 x rice making pans, induction hob (Cater-Lite), 3 door chiller unit with stainless steel top and salad prep (Polar), food mixer, glass washer (Class IQ), sink with drainer, wash basin, various shelves, extraction unit and various kitchen utensils. Storeroom (2.6m x 1.8m) with boiler, various shelves, chest freezer and fridge (Indesit).
EPC Rating C

First Floor
Apartment
Kitchen/Diner/ Lounge (11.4m x 3.5m)
Hallway
Bedroom 1 (2.4m x 3.9m) Comprising: Double bedroom with en-suite (2.4m x 1.0m)
Bedroom 2 (2.4m x 3.4m) Comprising: Double bedroom with en-suite (1.7m x 2.4m)
Storeroom

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Places of interest

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

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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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