Freehold Portuguese Restaurant Located In Mevagissey
2 Bedroomed Apartment Above
Could Be Converted Back Into Residential (Subject To Planning)
Licenced For On & Off Sales
Only Trade 4 Months Of The Year
Ref 3137
Freehold Asking Price: £399,950
Location
This Freehold Portuguese Restaurant is located in the stunning Cornish fishing village of Mevagissey. Situated within a prominent and highly visible trading position on Polkirt Hill. The village has several complementary independent retailers and enjoys high levels footfall and tourism, especially during summer months. Mevagissey is a picturesque working fishing harbour with a population of circa (2,015) and is situated (5 miles) south of St Austell.
Business Description
Veritas Business Sales are delighted to offer for sale this well-established Freehold Portuguese Restaurant which is located in the Cornish village of Mevagissey. The business was established by our clients over 30 years ago and they are now offering the business & property for sale so they can enjoy a well-deserved retirement.
Since ownership they have undertaken total refurbishment and 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. The business is owner operated and has an annual turnover of circa £84,000. Alvorada serves a fine selection of freshly made dishes including fresh scallops, local Octopus, chargrilled whole sardines, fresh mussels, coffee, soft drinks , Portuguese wines, beers and desserts. All of which can all be enjoyed in a relaxed and cosy restaurant where all fayre is freshly prepared to order using only the finest produce which has gained them a TripAdvisor rating of 4.5 and over 2,500 Instagram followers. The property also comes with a two-bedroom apartment above. We believe that there is further potential to increase trade should you wish, by expanding upon the current opening times and opening on Sundays & Mondays during the busy summer season. Also joining the online delivery portals such as just Eat and Deliveroo would increase revenue. 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 all year round. This is a fantastic opportunity to purchase a freehold restaurant which would lend itself to a wide range of cuisines and as such early viewing is highly recommended.Â
Opening Times
Tuesday - Saturday - 12:00 - 14:00 - 18:00 - 21:00
Sunday & Monday - closed
Ground Floor
Restaurant (6.6m x 4.5m) comprising: tables & chairs to cover (12), menu boards, wine rack, bar area, undercounter drinks fridge, coffee machine (DeLonghi).
Toilet (2.0m 1.5m) with W/C and wash basin.
Kitchen (3.3m x 2.6m) comprising: commercial extraction canopy, 6 hot plate cooker, char grill (Lincat), single tabletop fryer (Lincat), various shelves, upright fridge/freezer (Kenwood), dual stainless-steel sink, wash basin, upright fridge/freezer (LG), undercounter freezer (Beko), dishwasher (Eco-Max), stainless work top and stainless shelving unit, three phase electric.
First Floor
Bedroom 1 (3.8m x 3.4m) double.
Lounge (3.0m x 3.9m) with stairs to 2nd floor.
Bathroom (1.6m x 2.2m) with W/C, wash basin & shower.
Office (2.3m x 2.8m).
Second floor
Bedroom 2 (6.6m x 4.4m) double with views over the harbour.
EPC Rating C
