Licensed Fish and Chip Restaurant/Takaway and Cafe Located In Portreath

Fish & Chip Restaurant & Takeaway Located In Portreath For Sale
Fully Licensed Cafe & Bar
Ref 2182

Location
This outstanding and well respected Fish & Chip business is located close to the beach in the seaside village of Portreath, Cornwall. Portreath is a North coast village nestled in a valley between imposing cliffs and is ideal for bathing and water sports because of its sheltered situation. It's fine sandy beach makes it an ideal place to holiday and its harbour is an indicator of its impressive history.  Within 2 miles you have the A30 that provides easy access to the picturesque town of St Ives which is approximately 16 miles away. Truro the hub of the county with its excellent shopping centre and independent schooling is approximately 15 miles away.

Business information
Asking Price: £139,950 plus SAV
Turnover: £489,782 pa
GP: £255,776 (53%)
Stock: £5,000

Leasehold
Original term: 7 years
Remaining: 7 years
Rent: £32,000 pa
Rates: £9,662.85

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Fish & Chip Restaurant/Takeaway concern which is located in the seaside village of Portreath, Cornwall. The business has been established for over 50 years and has been in the careful hands of the current owners for the past 3 years. Due to unforeseen circumstances the business is reluctantly being offered for sale. Since ownership they have totally refurbished and continually invested in new equipment (to include a brand new 3 pan range) 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 and operates with the help of 2 full time and 4 part time members of staff and has an annual turnover of £489,782 with a GP of £255,776 (53%). The Atlantic benefits from having a takeaway as well as a fully licensed bar & restaurant and serves a fine selection of traditional cooked breakfasts, breakfast sandwiches, starters, fresh soups, light bites, fish & chips, pasties, pies, burgers, snacks for the beach, condiments and hot & cold drinks. We believe that there is further potential to increase trade should you wish by extending upon the current opening times. 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

Winter
Monday & Tuesday – closed
Wednesday – Thursday – 9.30am – 5.00pm
Friday – 9.30am – 8.00pm
Saturday & Sunday – 9.30am – 5.00pm

Summer
Monday – Sunday 9.30am – 9.00pm

Ground Floor

Kitchen/Takeaway area (5.5m x 8.5m) comprising: 3 pan fryer (Mallison), 4 pot bain- marie, stainless steel serving counter, ice cream fridge, upright drinks fridge, cash register, 3 stainless steel tables, 2 chiller cabinets 3 door with salad bar (Polar), hot lamps, microwave (Panasonic), microwave (Sharp), dual fryer, 6 ring burner oven (Lincat), salamander grill (Lincat), extractor unit and 2 toasters.

Front bar/restaurant area (5.4m x 16.m) comprising: 7 tables with chairs, 4 settees, log burner, variety of bench seating, various pictures, espresso coffee machine (La Spaziale), grinder, 2 fridges (Lec), sink, 3 drinks fridges, till, cake cabinet, music system and 50” TV (LG).

Ground Floor

Back bar/restaurant area (8.6m x 7.6m) comprising: pool table, 3 settees, 7 tables with chairs, various pictures, TV 40” (Samsung),large table with built in bench type seating and 3 bucket seats. Gents W/C with urinal and wash basin. Ladies 2 x W/C’s, wash basin and baby changer. Prep room (6.0m x 3.5m) comprising: 2 chest freezers, tumble dryer (Beko), washing machine, freezer (Vestfrost), upright fridge, CCTV, filing cabinet, and various shelves. Cellar room with various shelving.

External

16 bench seats and patio area with stunning views of the coast line.