Restaurant for sale

Killigrew Street, Falmouth, Cornwall, TR11

£54,950

Property Description

Commercial information

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

Key features

  • Well established
  • Prime location
  • Well fitted
  • Potential to increase turnover

Full description

Tenure: Leasehold

Caribbean Street Food & Rum Bar In Falmouth For Sale
Ref 2001

Location

This delightful business is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is just a short stroll from the marina and Falmouth has been voted as one of the most desirable places to live in the UK.

Business information

Asking Price: £54,950 plus SAV
Turnover: £200,000 per annum
Stock: £2,500

Leasehold

Lease term: 12 years
Remaining: 8 ½ years
Reviewed: 3 yearly
Rent: £16,000
Rates: £7,000

Business Description

Veritas Business sales are delighted to offer for sale this respected Café Bar which is located in the desirable town of Falmouth. The business has been established for 10 years and has been in the careful hands of the current owner for the last 4 years. Reluctantly the business is being offered for sale but our client has other business interests that he needs to concentrate on. Since ownership he has invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which means that any new purchaser will not need to spend any additional funds for some time. The business is currently overseen by the owner but requires the help of 2 full time and 4 part time members of staff and trades as a Caribbean street food & Rum bar which is a thriving and expanding market across the country at present. What we are offering is a rustic and well fitted restaurant in a prime location that could be easily changed to a different cuisine. The current business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business 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
 
Monday - Thursday - 10.00am - 1.00am
Friday & Saturday - 10.00am - 2.00am
Sunday - 10.00am - Midnight

Ground Floor

Bar/Restaurant comprising: bar servery, espresso coffee machine (Asteria), coffee grinder, stainless steel sink drainer, glass washer ( Maidaid), under counter fridges x 3, tables, chairs and bench style seating for (31)

First floor

Ladies w/c and wash basin
Gents w/c and wash basin
Chill out room overlooking the bar/restaurant with DJ booth, tables, chairs and bench seating
Catering kitchen comprising: stainless steel sink drainer, stainless steel wash basin, stainless steel work table, stainless steel shelving, 6 burner range (Falcon), grill (Falcon), deep fat fryer (Lincat), microwave (Samsung), extraction unit, dishwasher, washing up sink with jet spray, upright fridge (Gram), upright freezer (Blizzard)

Second Floor

Lounge area with 2 x sofas, tables and chairs

Third floor

4 rooms currently used for storage with ice machine, under counter drinks fridge and pine side board
(This floor could easily be converted to a flat)

External

Front seating for (8) with electric canopy
Rear cellar room

The property benefits from CCTV cameras and an intruder alarm


Nearest stations

  • Falmouth Town (0.5 mi)
  • Penmere (0.6 mi)
  • Falmouth Docks (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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

  • Falmouth Town (0.5 mi)
  • Penmere (0.6 mi)
  • Falmouth Docks (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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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