Leasehold Bar & Restaurant, Killigrew Street, Falmouth, Cornwall, TR11 3PN

Bar & Restaurant Located In Falmouth
Fully Refurbished (Bar With Licence Until 2am)
Ref 2655

Location
This respected Bar & Restaurant is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is positioned on the main street in the heart of the town centre and only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Asking Price: £49,950 plus SAV (£3,000)

Business Description
Veritas Business Sales are delighted to offer for sale this established Bar & Restaurant which is located in the harbour town of Falmouth, Cornwall. The business has been established for over 20 years and in the careful hands of our clients since 2012. The business is now being offered for sale so that they can concentrate on other business and family interests. Since ownership they have undertaken complete refurbishment of the restaurant/bar and continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Bahama Mamas is owner operated and employs the help of 3 full time and 1 part time members of staff and has an annual turnover of circa £288,252. They serve a fine range of craft beers, cocktails, local coffee as well as burgers and Tex- Mex inspired menu. All meals are freshly prepared to order on site using only the finest local produce. Their Jerk chicken Burrito is one of the best sellers and renowned within the town. We believe that trade will start to increase from the introduction of a new website which is about to be launched, along with an extensive advertising and marketing campaign. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with 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.

Opening Hours
Sunday - Thursday - 9:00am - 3:00pm
Friday & Saturday - 9:00am - late
Monday - closed

Leasehold
Original term: 12 years
Remaining : 2 years
Rent: £16,000 pa
Reviewed: 3 years

Ground Floor
Bar & Restaurant (5.7m x 9.1m) comprising: 9 tables & chairs to cover (28), 2 high tables to cover (4), window seat, water dispenser, glass cake display cabinet, espresso coffee machine, glass wash machine (Maidaid), sink with drainer, EPOS till, 3 under counter drinks fridges (Halcyon) and various menu boards.
First Floor
Restaurant (4.0m x 3.5m) comprising: 4 tables & chairs to cover (8), various pictures, wooden flooring and pine finished built in seating with views over the ground floor restaurant.W/C with handwash basin.

Second Floor
Restaurant (4.6m x 5.9m) comprising: 10 tables & chairs to cover (20), various pictures, wooden flooring and pine finished wall coverings.Kitchen (4.1m x 4.0m) comprising: upright fridge (Blizzard), 2 sinks with drainers, dishwasher (DC), large stainless steel prep table, 6 burner range, single fryer (Lincat), single fryer, salamander grill (Falcon), stainless steel table, toaster, extractor unit and microwave (Buffalo). Kitchen & prep area (3.3m x 2.3m) with drinks fridge (Gamko), drinks fridge (Halcyon), upright freezer (Blizzard) and ice machine (DC).Gents W/C with hand wash basin.Ladies W/C with hand wash basin.

EPC Rating D