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Restaurant for sale

Kingsway, Cleethorpes, Lincolnshire, DN35

Sold STC £129,950
93 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,001 sq ft (93 sq m)

Key features

  • REF: 12646

Full description

Tenure: Leasehold

Hilton Smythe welcomes to the market The Captain`s Table. The restaurant has been established for several years, and has proven to be very popular. The owner is now looking to sell the business, due to the desire to take a well-deserved retirement.

The business runs as a seafood restaurant on the coast of Cleethorpes. They offer lunch and evening dinners. This is a fully licenced restaurant, serving a range of different alcohol. The business boasts an extensive menu, this includes classics with a twist; such as, Seafood Tagliatelle, Smoked Haddock wrapped in Pancetta, King Prawn and Chorizo Paella and also Calamari. The business is a high quality restaurant, which also offers an A La Carte menu.

This is a popular restaurant, that generates an excellent turnover. This is around 350,000 per annum. Although this business is already very successful, we feel there is scope to boost turnover. Our client currently hires a large amount of staff. There is options to reduce wage bills, with a hands on new owner, that has experience in the trade; who would be willing to work at the restaurant.

The business has a great website, which provides promotional offers and a menu. The new owner could, look to introduce social media, as a way of promoting the business. Free social media sites such as Facebook, are great ways to boost online presence. The restaurant does feature on TripAdvisor and boasts excellent reviews.

We are advised that our client supplies the restaurant with fish from their other business. The owner is willing to continue this, if the new owner requires. This really is an exceptional business, with an outstanding reputation. Hilton Smythe highly advise early viewings, to take in the full potential of this beachfront restaurant.

The Captain`s Table is located in Kingsway, Cleethorpes, Lincolnshire.

The business is situated on the sea front. Cleethorpes is a popular seaside resort that draws in thousands of tourists each year. There are many attractions, such as the beautiful beach, Pleasure Island Theme Park, Grimsby Leisure Centre and Ice Rink, Meridian Showground, Lollipop Road Train and much more.

This is a great location for a high quality fish restaurant, due to the high footfall received each day. The business is an end property on a row a terrace properties. On this row are residential buildings and guest houses. Directly outside is on street parking, there is also parking to the side of the property.

The road on which the restaurant is located runs across the coast of Cleethorpes. Further round is Grimsby, which is a 10 minute drive away; Hull is also just a short 50 minute drive. The area benefits from great public transport, there is a bus stop directly outside the restaurant, and the closest train station is 5 minutes up the road.

The property is a corner premise on a row of terraces. At the front of the property is an outside seating area. The property is well-signed, with the business branding. The front of the property has double doors which lead into the main seating area.

Upon entry, is the front of house desk stand. The Restaurant floor has 50 covers with some additional seating outside. Toilets are located in the centre of the property. At the rear of the room, is a large bar area; this can be a separate room if required. The kitchen is located behind the bar and down a passage. This kitchen is fully equipped with stainless steel fixtures and fittings.

Equipment included in the sale-
Tables and chairs
Bar stools
Fixtures and fittings
Kitchen equipment

To the rear of the building is a court yard, where beer kegs and fresh produce is kept.

The business is fitted with an electronic roller shutter and alarm system.

We are advised the business is being sold as a Leasehold opportunity.

Long term lease available.
Rent: 1,541 per month.

The business opening hours-

Monday - Saturday: 12pm - 10pm
Sunday:12pm - 5pm

The business is run and managed by our client, with the help of two full time and twelve part time members of staff.

The business generates a turnover in the region of 350,000 per annum.

Map & Street View

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