Restaurant for sale

Bar & Restaurant Located In Falmouth

Under offer

0121 721 6440

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Restaurant

0 bed

0 bath

Property description & features

Close To Harbour
Established Business
Leasehold Bar & Restaurant
Busy Town Centre Location
Further Potential

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

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Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

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Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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