Fish Restaurant and Bar In Falmouth

Leasehold Fish Restaurant & Bar For Sale In Falmouth
Licenced
Ref 2090

Location

This delightful business 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 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

Business information

Asking Price: £59,000 plus SAV
Turnover: £140,000 (8 months)
Stock: £2,000

Leasehold

Original term: 12 years
Remaining: 8 years
Rent: £14,500 pa
Rates: £6,500

Business Description

Veritas Business Sales are delighted to offer for sale this respected Fish Restaurant & Bar business which is located in the highly popular tourist hotspot in Falmouth. The premises has been a restaurant of some kind for over 30 years and has been in the careful hand of my clients for the last 4 years and is reluctantly being offered for sale so that the owners can enjoy a well deserved retirement. Since ownership they have 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. The business is currently owner operated and requires the help of 8 casual staff in the summer which reduces down to 5 at the start and the end of the season and has an annual turnover of £140,000 net of vat (for 8 months) as they close during the winter months. The Shell Bar has built a fantastic reputation for preparing and cooking freshly caught shell fish along with a wide variety of fresh local fish. We believe that there is further potential to increase trade by extending the current opening times, as well as opening during the winter months. The business 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 as this business is not to be missed.

Opening Hours

Monday – Sunday – 4.00pm – 9.15pm
(last food orders)

Ground Floor

Restaurant/Bar comprising: 55 cover restaurant with 15 tables, various blackboards, various pictures, espresso coffee machine (Faema), electronic cash register, music system, single under counter drinks fridge, double under counter drinks fridge, serving counter, glass tree light, built in fire place and welsh dresser.
Gents W/C
Ladies W/C
(Shared hand wash basin)
Kitchen comprising: dual fryer (Parry), 2 stainless steel tables, microwave (Panosonic), double pizza oven (Italforni), chargrill (Licat), six burner range (Blue Seal), extractor unit, 3 door refrigeration unit with work surface, upright fridge, two door refrigeration unit with work surface (Gram), wash basin and various shelving.
Prep Room & Pot Wash comprising of: chest freezer, 2 shelving units, stainless steel trolley, various shelves, kitchen unit with work surface, ice machine (Polar), meat slicer, mixer (Buffalo), fridge (iarp), 2 stainless steel tables, commercial sink, water boiler and various pots and pans.