Restaurant for sale

Broad Street Parade, Barry, Vale Of Glamorgan, The, CF62

Leasehold 132 sq. m. | £120,000

Property Description

Commercial information

  • Business for sale
  • 1,420 sq ft (132 sq m)

Key features

  • REF 12507 H
  • LEASEHOLD BUSINESS
  • RESTAURANT

Full description

Tenure: Leasehold

LOCATION
Casa Paco Restaurant occupies substantial ground floor premises, ideally located within the town of Barry in the Vale of Glamorgan, Wales. The business is located on the busy Broad Street and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.

Barry is a town in the Vale of Glamorgan, on the north coast of the Bristol Channel. Barry is a seaside resort, with attractions including several beaches and the resurrected Barry Island Pleasure Park. According to the 2011 census, the population of Barry was 51,502, making it the fifth largest town in Wales. As well as being holiday destination, Barry is an ideal place in which to live and work with good schools and two primary shopping centres.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Barry railway station is less than 5 minutes' walk away. The area is also well served by the A-roads, with the business located on the A4055, which links to the national A-road and motorway networks. Cardiff is approximately 9 miles away and Newport is 26 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular restaurant business, which is ideally located within the town of Barry, Vale of Glamorgan.

The family run business was originally established in 1972 and is only now being offered to the market due to our clients' other work situations. The business operates 5 evenings per week and generates a turnover in the region of 250,000 per annum, with a good gross profit.

The business has an excellent reputation for serving fresh, high quality traditional English and French cuisine. All the ingredients are locally sourced and freshly prepared to order. The restaurant is also well known for its extensive fish list and homemade desserts. The property boasts approximately 122 sq. metres of floor space, with the main restaurant offering between 50-60 covers, as well as a full commercial kitchen.

The business has built up an excellent reputation within the area for the very high quality of the food and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business also has excellent reviews on the very popular travel website Trip Advisor.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering service on Mondays and Sundays, as the business is currently closed on these days. A new owner could also embark on a modest marketing campaign to highlight the excellent food and service offered. The business would also benefit from the launch of a website to promote the concern, which could incorporate online booking facilities.

This is an excellent opportunity for a new owner to take this already thriving and popular restaurant business to the next level; therefore, early viewing must come highly recommended.

PREMISES
Substantial ground floor premises in an ideal trading location, briefly comprising:

Reception room leading to main restaurant and bar.
Waiting area with sofas and bar stools.
Bar with 2 x points of points of dispense, electronic cash register and shelving for wines and spirits.

Main restaurant with:

50-60 covers.
Large mirrors along back wall.
Well-furnished room.
Waist high partitions.
Open hatch viewing into kitchen.

Ladies and gents' WCs.
Door to staff area.

L-shaped commercial kitchen with:

Stainless steel preparation tables.
2 x six hob cookers.
2 x industrial grills.
2 x microwave ovens.
Dishwasher.
2 x deep fat fryers.
1 x wine refrigerators.
Hotplate.
Chest freezer.
3 x chest cold box.
Cold box.
New boiler.
Refrigerator/freezer.
Storage cupboard.
Glasses, plates, cutlery etc.

External:

Sign on side of property.

TENURE
We are advised leasehold:

Original lease length: 20 years
Remaining lease length: 11 years
Rent: 1,000 per month including VAT.

HOURS
The business is open:

Monday: Closed
Tuesday - Saturday: 7.00pm - 9.30pm
Sunday: Closed

STAFF
The business is family run.

FINANCIAL PROFILE
The business generates a turnover in the region of 250,000 per annum, with a good gross profit.


Nearest stations

  • Barry (0.2 mi)
  • Barry Island (0.6 mi)
  • Barry Docks (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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

  • Barry (0.2 mi)
  • Barry Island (0.6 mi)
  • Barry Docks (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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.

Disclaimer - Property reference 12507H. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.