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Restaurant for sale

The Quay, Brixham, Devon, TQ5

£25,000
169 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,819 sq ft (169 sq m)

Key features

  • REF: 13758 I
  • LEASEHOLD
  • RESTAURANT
  • SEAFOOD

Full description

Tenure: Leasehold

BUSINESS
Owned and operated by a locally renowned and respected chef, with assistance from his second chef.

The Poopdeck is a long established and very profitable restaurant with a fantastic seafood based menu. Extremely popular with both the locals and tourists; as well as passing trade.

The current shortened opening hours are by the lifestyle choice of our client, and leave huge scope to grow an already successful trade, up For Sale due to the owners wish to take a well-earned retirement.

Licensed with A3 planning, the business would suit several wide and varied catering styles or cuisines. The current seafood offering is extremely popular and very appropriate given the premises location and is accompanied by a superb wines & liqueurs menu.

Catering for all patron sizes from more intimate or private dining, to pre-booked parties and functions. The restaurant prides itself on fish stocks freshly caught that morning, prepared and cooked to order.

A vibrant and professional looking website and online presence, including social media and excellent TripAdvisor feedback, help to create a well-established overall branding and image with busy online booking system.

With an imaginative menu including daily specials, the average spend per head is around £20 per person.

Perfect for a husband and wife team or chef and partner, plenty of scope remains for organic business growth, and new blood ideas.


LOCATION
Brixham Harbour, Devon.
Brixham is the largest grossing market
Main quayside location in busy English Riviera resort.
Adjacent many other independent and complimentary operators.
Local population circa 17,000, plus regular annual tourism.
Opposite main ferry boat moorings.

PREMISES
A prominent and well positioned premise with excellent signage and kerb appeal, situated on the main Quayside. Natural turn timber staircase rising from ground floor entrance vestibule to first and second floor trading areas, and large 1 bedroom owner's apartment to the top floor with front decked veranda overlooking the harbour.

There are 50 covers on first floor and additional 16 covers on the 2nd floor

The trading areas are all well-presented and maintained in a Mediterranean terracotta style décor and ambience, and have a good selection of loose dining furniture, stripped timber floors, and a nautical theme running throughout.

To the rear of the first-floor dining area is a fully equipped commercial trade kitchen with stainless steel prep, serve, and pass, gas cooking range with full extraction, commercial dish washer, and upright fridges.

The premise also benefits from a waiter station, plentiful storage, ancillary areas, and Ladies & Gents WC's.

TENURE
Held on a 15-year renewable lease.
This runs out in 2018, landlord willing to offer another 15-year lease.
Subject to a rent of approximately £14,000 per annum.

HOURS
Monday: Closed
Tuesday: 18:00 to 21:30
Wednesday: 18:00 to 21:30
Thursday: 18:00 to 21:30
Friday: 12pm to 14:30 / 18:00 to 22:00
Saturday: 12pm to 14:30 / 18:00 to 22:00
Sunday: 12pm to 14:30

Please note that the restaurant closes fully for 2 months per year.

STAFF
Hands on owner/chef, with assistance from second chef and several part time waiting staff.

FINANCIAL PROFILE
Turnover for the year ended June 2016 was £170,213 with an abridged net profit of circa £36,500. Gross Profit is around 65%.

Please note that the restaurant closes for two months annually, with all annual accounting information representing 10 months only.



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