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Restaurant for sale

Princes Street, Bude, Cornwall, EX23

Leasehold £115,000
94 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,011 sq ft (94 sq m)
  • Use class orders: A3 Restaurants and Cafes and A5 Hot Food Take away

Key features

  • REF 13207

Full description

Tenure: Leasehold

Hilton Smythe is delighted to welcome to the market this well-established and popular fish & chip restaurant and takeaway business, which is ideally located within Bude, Cornwall.

The business was established by our client in 2014 and is only now being offered to the market, due to our client's desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of 180,000 per annum, with a gross profit of approximately 70%.

Our client offers a variety of traditional chip shop fayre including fish & chips, burgers and pies, as well as kebabs, chicken and jacket potatoes, to name a few. The property boasts 94 sq. metres of floor space which incorporates the main restaurant area, a kitchen and ladies and gents' WCs.

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

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also introduce more items to the menu and embark on a modest marketing campaign, to promote the goods and services offered. We also feel the business would benefit from the launch of a website to advertise the business.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Sizzlers Restaurant occupies substantial ground floor premises, ideally located within the seaside resort of Bude in north Cornwall. The property is situated on the very busy Princes Street, surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade, as well as free on-street parking facilities close to the premises.

Bude is a small seaside resort town in Cornwall, situated at the mouth of the River Neet. The resort is famous for its pastel painted beach huts, crazy golf and wide sandy beaches. The town centre has a good mix of independent shops and popular high street stores. Bude is home to the increasingly popular Bude Jazz Festival, which occurs every August.

The area is well served by the public transport system, with several bus stops within easy walking distance of the property. The area is also well served by the A-roads, with the A3072 being within easy driving distance, which links to the national A-road and motorway networks. Bude lies southwest of Stratton, south of Flexbury and Poughill, and north of Widemouth Bay.

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

Main restaurant area with approximately 32 covers.
Main service area with 2 x electronic cash registers.
Rear kitchen.
Ladies and gents' WCs.

Equipment included:

3 x pan frying range.
Pie warmer.
Gastro unit.
Pizza oven.
Fish refrigerator.
Kebab machine.
2 small deep fat fryers.
Milk refrigerator.
Hot water urn.
Coffee machine.
Double 6 x burner cooker.
2 x microwave ovens.
Drinks refrigerator.
2 x electronic cash registers.

We are advised Leasehold:

Original lease length: 12 years
Remaining lease length: 10 years as of December 2016.
Rent: 17,200 per annum

The business is open:

Monday - Sunday: 12.00pm - 3.30pm and 5.00pm - 9.30pm

The business is owner run and managed with staff members.

The business generates a turnover in the region of 204,800 per annum, with a gross profit of approximately 65%.

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