No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£149,950
OnTheMarket > 14 days

Restaurant for sale

Leasehold Tapas Restaurant & Bar Located In Falmouth
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Restaurant
0 bed
0 bath

Property description & features

  • Established Business
  • Leasehold
  • Tapas Restaurant & Bar
  • Marina Views
  • External Seating for (45)
  • Licensed

Leasehold Tapas Restaurant & Bar Located In Falmouth
Ratings / TripAdvisor 5.0 / Facebook 4.8 / Google 4.5
Close To The Marina
Ref 2735

Location
This delightful Tapas Bar 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 occupies a fantastic trading position in Events Square next to Pizza Express and The Hub Box Restaurant and is 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.

Leasehold Asking Price: £149,950 plus SAV (8,000)

Business Description
Veritas Business Sales are delighted to offer for sale this very busy Tapas Restaurant & Bar which is located in the harbour town of Falmouth, Cornwall. The business was established by our clients back in June 2018 and is reluctantly being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have undertaken a complete refurbishment of the Restaurant/Bar and kitchen 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. Lemon Twist Tapas Bar is owner operated and employs the help of 7 full time and 5 (seasonal) part time members of staff and has an annual turnover of £550,000 with a healthy (GP). They serve simple rustic fresh tapas with a fusion of classic Mediterranean cooking along with fresh local Cornish sea food. All fayre is freshly prepared to order on site using only the finest local produce. The bar serves local beers and wines as well as a large amount their own made to order cocktails, fresh local coffee & homemade cakes. The restaurant benefits from its own private function room, and is very popular with a range of customers. There is an alfresco heated dining area with (40) covers which looks across the marina and is very popular during summer months.
We believe that there is further potential to increase trade should you wish to do so by promoting the function room in the winter months. 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 a growing business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Sunday - 10:00am - midnight

Leasehold
New 10 year lease Rent: £29,000 Plus £3,500 Service Charge Reviewed: 3 years Business rates: £5,000 pa

Ground Floor
Bar/Restaurant (14.2m x 5.7m) comprising: 8 tables & chairs with bench seating to cover (40), various pictures, various menu boards and 2 high tables with high stools to cover (8).
Bar comprising: espresso coffee machine (Sanremo), coffee grinder, electronic cash register, under counter fridge (Coolology), 3 x under counter drinks fridges (Blizzard), stainless steel fridge, glass washer (ClasseQ), drinks blender, 6 x stainless steel champagne buckets and wash basin.
Toilet & disabled (3.2mx 2.3m) with W/C, wash basin, shelving, wooden table and wall mounted mirror.
Kitchen (4.0m x 2.9m) comprising: display chiller unit (Blizzard), 2 three door chiller units with granite work tops, plate warmer (Lincat), 3 pot stainless bain-marie, dual fryer (Lincat), dual fryer, griddle hot plate (Adexa), induction hob (Quest), commercial microwave (Haden), salamander grill (Blizzard), various stainless shelves and wash basin.
Preparation room (3.6m x 4.1m) comprising: 2 x sinks with drainer, stainless steel prep table, ice machine (Ice-O—Matic), various stainless shelves, CCTV system and small store cupboard, upright freezer (Blizzard), box freezer, music system and crushed ice machine (Adexa).
Function room (8.0 x 4.1m) comprising: 5 tables & chairs to cover (30), various wall pictures, electronic cash register, bar/serving counter, under counter drinks fridge (Adexa), ice machine (Aedexa) and mood lighting. Passage way (2.9m x 2.5m) with two seater settee and wooden shelving unit.
Beer store (1.5m x 2.0m) with various shelves.

Basement
Storage space (5.4 x 6.1m)

External
Seating area with 14 tables & chairs to cover (45) with views over the marina. (Separate Rent £3,000)

EPC Rating C

Places of interest

    Request viewing/info
    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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    Property reference 2735. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

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    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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