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Restaurant for sale

Cliff Road, Newquay, Cornwall, TR7

Sold STC £1,250,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments and A5 Hot Food Take away

Key features

  • Established Fish & Chip business
  • Sandwich Bar business included
  • Commercial let included
  • 4 apartments included
  • Variety of income streams
  • Thriving businesses & investment property for sale
  • Great reputation
  • Prominent & highly visible location

Full description

Tenure: Freehold

Freehold (Licensed) Fish & Chip Shop, Sandwich Bar & Investment Property For Sale
Ref 1052

Location
This outstanding and well respected fish & chip shop business is situated on Cliff Road which is one of the main through roads in and out of Newquay town centre. Its positioned next door to Aldi supermarket, and immediately opposite the towns Railway Station and Asda supermarket. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town 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
Freehold 1,250,000 plus SAV includes
Fish & Chip business
Turnover: 211,746
Stock value: 2,000

Sandwich Bar Business
Turnover: 70k pa

Tenanted commercial unit with 11,000 pa rental income
4 Apartments with 31,080 pa rental income

Business Description
Veritas Business Sales are delighted to offer for sale this superb fish & chip shop & restaurant business which is located in Newquay. The business was established in 2006 by its current owners and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have undertaken total refurbishment and have continually invested in new equipment, along with fixtures and fittings which are all brought and paid for and included within the sale price which means any new purchaser will not have to spend any additional funds for some time. The business has an annual turnover of 211,746 on just 10 months trading as the shop closes for January and February. The business is currently owner operated and assisted by 3 full time and several part time members of staff. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade and of course is heavily reliant on the many visiting tourists. 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 superb business is not to be missed.


Opening Hours
Monday - Sunday - Midday -2.30pm -- 4.30pm -8.30pm
Summer Midday - 8.30pm

Ground Floor

Fish & Chip Shop comprising:
Henry Nuttal 4 pan range with 2 chip boxes
4 pot wet bain marie
Turbo fan oven
Espresso coffee machine
Extractor canopy
2 Epos tills
Under counter fridges & freezers
Griddle
Commercial microwave x 2
Drinks chiller
Upper level restaurant area with seating for 20
Serve-over dessert display chiller
Customer W/C with wash basin

Stockroom with 2 x chest freezers

Prep room with a selection of fridges & freezers, sink drainer, wash basin and fully equipped potato chipping area

External

Rear yard with fantastic views over looking Great Western beach and additional seating for 36

THE FLATS (all with panoramic sea views)
FLAT 1 (Rental income 695 PCM)
Accessed independently from the other apartments and comprises a large living room with kitchen and dining area, 1 double bedroom, 1 single bedroom, bathroom and balcony enjoying stunning views across Great Western beach and the surrounding coastline.

FLAT 2 (RENT 695 PCM)
Which has a large open plan living room/kitchen/dining area, 2 double bedrooms and a bathroom.

FLAT 3 THE PENTHOUSE (RENT 650 PCM)
A stunning apartment, with a large living room/dining room/ kitchen, 3 double bedrooms, shower and bathroom, cloakroom and spacious balcony


FLAT 4 (RENT 550 PCM)
1 double bedroom with living room/kitchen and bathroom.







Map & Street View

Disclaimer - Property reference 1052A. 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 VERITAS BUSINESS SALES LTD, Solihull. 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.

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