Restaurant for sale
Property description & features
- Established Business
- Tapas Restaurant & Bar
- Marina Views
- External Seating for (45)
Leasehold Tapas Restaurant & Bar Located In Falmouth
Ratings / TripAdvisor 5.0 / Facebook 4.8 / Google 4.5
Close To The Marina
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)
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.
Monday - Sunday - 10:00am - midnight
New 10 year lease Rent: £29,000 Plus £3,500 Service Charge Reviewed: 3 years Business rates: £5,000 pa
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.
Storage space (5.4 x 6.1m)
Seating area with 14 tables & chairs to cover (45) with views over the marina. (Separate Rent £3,000)
EPC Rating C
Places of interest
Veritas Business Sales - Solihull
Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG
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