Restaurant for sale

Cheltenham Place, Newquay, Cornwall, TR7

Offers in Region of £395,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments and C1 Hotels

Key features

  • Bar
  • Boutique letting rooms
  • Coffee house
  • Established business
  • Scope to increase current turnover
  • Prominent town centre location
  • Fully refurbished
  • Would suit many cuisines

Full description

Tenure: Freehold

Freehold Wine Bar & Coffee House Located In Newquay For Sale
3 Boutique Letting Rooms Above (en-suite)
Recently Refurbished
Ref 2168

Location
This outstanding Wine Bar and Coffee Shop with Boutique Letting Rooms is located 55 yards from the main thoroughfare road within Newquay town centre hence the name. Newquay is one of the nation's favourite seaside towns, 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 information
Asking Price: 395,000 plus SAV
Turnover: 194,157 per annum
Stock: 5,000

Business rates: Zero

Business Description
Veritas Business Sales are delighted to offer for sale this well respected Wine Bar & Coffee House business which also offers 3 boutique B&B accommodation business and is located in Newquay, Cornwall. The property was purchased and totally renovated by our clients back in 2016 and is reluctantly being offered for sale due to a relationship breakdown. Since ownership they have undertaken extensive refurbishment to include, re-wiring, plumbing, plastering, chimney/roof work, fire walls, redecoration 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 business is owner operated requiring the operates with the help of 5 part time members of staff and has an annual turnover of 194,157 with a gross profit of 122,894 (63%). 55 Yards offers a welcoming atmosphere with a contemporary feel. They serve a fine range of Independent craft beers, ciders, wines from around the world and over forty different Gins which can be accompanied with a selection of breads and olives. The first and second floor offers three stunning King size guest rooms (en-suite) which are 5 star Trip Advisor rated. We believe that there is further potential to increase revenue by expanding upon the current food menu and taking advantage of the planning permission passed for an extra bedroom. 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 from visiting tourists. This is a superb opportunity to purchase a business that has already benefitted from significant investment and which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Bar
Monday - Thursday - 4.00pm - 10.30pm
Friday - Saturday - 2.00pm - 11.30pm
Sunday - 2.00 pm - 10.30 pm
Ground Floor
Main bar (8.3m x 6.2m) comprising: baby grand piano, 9 bar stools, 6 tables, 16 chairs and various pictures.

Back bar (6.0m x 4.7m) comprising: Chesterfield sofa, 9 chairs, various mirrors, 2 under counter drinks fridges, various pictures, shelving, bottle store for off site sales.

Bar comprising: triple door under counter drinks fridge (Gastro Line), electronic till, 2 under counter single door drinks fridges (Gastro Line), expresso coffee machine (Gaggia), various shelves and music system

Store Room/kitchen (3.5m x 3.2m) comprising: upright fridge freezer, freezer (Ice king), 2 stainless steel prep tables, glass washer, commercial sink with drainer, wash hand basin and 2 metal shelf systems.

Gents with w/c and wash basin
Ladies with w/c and wash basin

External
Rear yard
Opening Hours
Bar
Monday - Thursday - 4.00 pm - 10.30 pm
Friday - Saturday - 2.00 pm - 11.30 pm
Sunday 2.00 pm - 10.30 pm
Ground Floor
Main bar (8.3m x 6.2m) comprising: baby grand piano, 9 bar stools, 6 tables, 16 chairs and various pictures.

Back bar (6.0m x 4.7m) comprising: Chesterfield sofa, 9 chairs, various mirrors, 2 under counter drinks fridges, various pictures, shelving, bottle store for off site sales.

Bar comprising: triple door under counter drinks fridge (Gastro Line), electronic till, 2 under counter single door drinks fridges (Gastro Line), expresso coffee machine (Gaggia), various shelves and music system

Store Room/kitchen (3.5m x 3.2m) comprising: upright fridge freezer, freezer (Ice king), 2 stainless steel prep tables, glass washer, commercial sink with drainer, wash hand basin and 2 metal shelf systems.

Gents with w/c and wash basin
Ladies with w/c and wash basin

External
Rear yard
Opening Hours
Bar
Monday - Thursday - 4.00 pm - 10.30 pm
Friday - Saturday - 2.00 pm - 11.30 pm
Sunday 2.00 pm - 10.30 pm
Ground Floor
Main bar (8.3m x 6.2m) comprising: baby grand piano, 9 bar stools, 6 tables, 16 chairs and various pictures.

Back bar (6.0m x 4.7m) comprising: Chesterfield sofa, 9 chairs, various mirrors, 2 under counter drinks fridges, various pictures, shelving, bottle store for off site sales.

Bar comprising: triple door under counter drinks fridge (Gastro Line), electronic till, 2 under counter single door drinks fridges (Gastro Line), expresso coffee machine (Gaggia), various shelves and music system

Store Room/kitchen (3.5m x 3.2m) comprising: upright fridge freezer, freezer (Ice king), 2 stainless steel prep tables, glass washer, commercial sink with drainer, wash hand basin and 2 metal shelf systems.

Gents with w/c and wash basin
Ladies with w/c and wash basin

External
Rear yard
Accommodation


First floor 1
Bedroom 1 (4.1m x 3.8m)
King size bedroom with en-suite, TV, tea and coffee making facilities and seating area.


Bedroom 2 (4.8m x 4.1m)
King size bedroom with en-suite, TV, tea and coffee making facilities and seating area.


Breakfast Room (4.2m x 3.2m)
Large oak breakfast table, 6 chairs, fridge, toaster, various shelves, microwave and arm chair


Second floor
Bedroom 3 (5.4m x 6.3m)
King size bedroom with en-suite, TV, tea and coffee making facilities and seating area.

The property benefits from gas fired central heating, fire alarm and a CCTV system.
EPC Rating D
Compliant with the latest fire/security standards
Awarded 5 star food safety


Nearest stations

  • Newquay (0.4 mi)
  • Quintrell Downs (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Truro

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

01872 490108 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newquay (0.4 mi)
  • Quintrell Downs (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Truro

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

01872 490108 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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