Leasehold Restaurant, Restaurant 4 Tregenna Hill, St. Ives, Cornwall, TR26 1SE

Leasehold Restaurant & Bistro Located In St Ives Cornwall
Prime Town Centre Trading Position
Recently Refurbished
Ref: 3094

Asking Price: £69,950 Plus SAV

Location
This very popular Restaurant & Bistro is located in the stunning Cornish town of St Ives. Situated within a prominent and highly visible trading position at the crossroads on Tregenna Hill. The town has a number of complementary independent retailers along with National Blue-Chip retailers and enjoys high levels of footfall and tourism, especially during summer months. St Ives the dazzling jewel in Cornwall's crown, offering above average levels of sunshine, a picturesque fishing harbour and seaside town voted the best holiday destination by Coast magazine. One of TripAdvisor's top 10 European beaches.

Business Description
Veritas Business Sales are delighted to offer this respected Restaurant & Bistro which is located in the centre of St Ives Cornwall. The current owners have operated the business for the past 6 months and are now reluctantly offering the restaurant for sale due to other business interests requiring their attention. Since ownership they have redesigned, refurbished, redecorated and invested in new equipment along with fixtures and 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. No 4 Bistro is owner operated with no staffing liabilities has an annual turnover of circa £100,000 for just 6 months trade. They serve full English breakfasts, breakfast rolls, toast and croissants in the morning followed by freshly cut sandwiches, baguettes, paninis, smoothies, teas, coffees and soft drinks. All fayre is cooked fresh to order on site using only the finest produce. We believe that there is further potential to increase trade should you wish, by expanding upon the current opening times and opening in the evenings as well as joining the online delivery portals such as just Eat and Deliveroo. The business already enjoys a strong reputation within the local community and beyond for quality of food and as such has a high level of regular repeat trade along with many visiting tourists. This is a superb opportunity to purchase a readymade business with further potential which is a great base to build upon and as such early viewing is highly recommended. 

Opening Times
Monday - Saturday - 11:00 - 21:00
Sunday - closed

Lease
Term: 15 years
Remaining: 14 ½ years
Rent: £17,500 pa
Reviewed: ?
Business rates: £2,500

Ground Floor
Front restaurant area with serving counter (6.6m x 4.5m) comprising: tables with chairs and bench seating and covers for (10), sales counter with cash drawer and ipad, 2 x large chiller display cabinets (Tefcold), various shelving, coffee grinder, espresso coffee machine (Gaggia), wash basin, 3 door drinks fridge (Polar), CCTV camera and various plants.
Rear restaurant (8.2m x 3.9m) with black undercounter drinks fridge, serving bar, tables with chairs to cover (18) and CCTV camera. Toilet (1.2m x 1.8m) with w/c, wash basin, wall mounted mirror & baby changing unit.
Staff toilet (1.5m x 1.0m) with w/c and wash basin. Storage cupboard (0.9m x 1.7m) with various shelves, boiler and CCTV monitor. kitchen (7.8m x 3.6m) comprising: 6 ring induction hob (Adexa), large extraction hood, 2 x table top basket fryers, griddle (Buffalo), 2 x stainless steel prep tables, table top turbo fan oven (Blue seal), mixer (Hobart), stainless steel fridge (Foster), upright fridge freezer (Logik), upright freezer (Foster), upright fridge (Foster), various shelving, 2 x prep tables, dishwasher (Buffalo), sink with drainer and directional hose, fire alarm and toaster.

EPC Rating C