Freehold Wine Bar & Coffee House with 3 Boutique Letting Rooms Located In Newquay

Freehold Wine Bar & Coffee House Located In Newquay
3 Boutique Letting Rooms Above (en-suite)
Recently Refurbished
Ref 2168

Location
This outstanding Wine Bar and Coffee Shop with Boutique Letting Rooms is located 55 yards from the main thoroughfare road within Newquay town centre hence the name. Newquay is one of the nation's favourite seaside towns, perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both upbeat and yet remains a great family resort all wrapped up in the most fantastic coastal scenery.

Asking Price: £429,950 plus SAV (5,000)

Business Description
Veritas Business Sales are delighted to offer for sale this well respected Wine Bar & Coffee House business which also offers 3 boutique B&B accommodation business and is located in Newquay, Cornwall. The property was purchased and totally renovated by our clients back in 2016 and is reluctantly being offered for sale due to a relationship breakdown.
Since ownership they have undertaken extensive refurbishment to include, re-wiring, plumbing, plastering, chimney/roof work, fire walls, redecoration 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 requiring the operates with the help of 5 part time members of staff and has an annual turnover of £156,000 with a very healthy EBITDA. 55 Yards offers a welcoming atmosphere with a contemporary feel. They serve a fine range of Independent craft beers, ciders, wines from around the world and a selection of local gins. The first and second floor offers three stunning King size guest rooms (en-suite) which are 5 star Trip Advisor rated. We believe that there is further potential to increase revenue by expanding upon the current food menu and taking advantage of the planning permission passed for an extra bedroom. 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 from visiting tourists. This is a superb opportunity to purchase a business that has already benefitted from significant investment and 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
Bar
(In season)
Monday – Sunday 4.00pm – 11.30pm
(Off season)
Thursday – Sunday 4.00pm – 11.30pm

Ground Floor
Main bar (8.3m x 6.2m) with 9 bar stools, 6 tables, 16 chairs and various pictures.
Back bar (6.0m x 4.7m) with Chesterfield sofa, 9 chairs, various mirrors, 2 under counter drinks fridges, various pictures, shelving, bottle store for off site sales.
Bar comprising: triple door under counter drinks fridge (Gastro Line), electronic till, 2 under counter single door drinks fridges (Gastro Line), various shelves and music system.
Storeroom/kitchen (3.5m x 3.2m) comprising: upright fridge freezer, freezer (Ice king), 2 stainless steel prep tables, glass washer, commercial sink with drainer, wash hand basin and 2 metal shelf systems.
Gents with w/c and wash basin.
Ladies with w/c and wash basin.

External
Rear yard.

Accommodation

First floor 1
Bedroom 1 (4.1m x 3.8m) King size bedroom with en-suite, TV, tea and coffee making facilities and seating area.
Bedroom 2 (4.8m x 4.1m) King size bedroom with en-suite, TV, tea and coffee making facilities and seating area.
Breakfast room (4.2m x 3.2m) with large oak breakfast table, 6 chairs, fridge, toaster, various shelves, microwave and arm chair.

Second floor
Bedroom 3 (5.4m x 6.3m) King size bedroom with en-suite, TV, tea and coffee making facilities and seating area.

The property benefits from gas fired central heating, fire alarm and a CCTV system. Compliant with the latest fire/security standards. Awarded 5 star food safety.

EPC Rating D