An excellent opportunity to purchase an established restaurant/bar business in prominent location close to the coast.
Large restaurant with covers for at least 48
Excellent alcohol and entertainment licence **
Licence ** - ** The current landlady has an alcohol licence covering Monday to Sunday and 9am to 1am. The current landlady also has a music licence covering Monday to Sunday and 12.00 mid day to 12 mid night. Both have extensions for the New Year (36 hrs).
The current Landlady advises her licence is a pub licence and covers for off site sales and a full table terms.
Location - The restaurant is located in the popular coastal location of Pentewan in a prominent roadside location at the entrance to the village. Other local amenities include a village pub, petrol filling station, large camping and caravan site and sandy beach. The picturesque harbourside village of Mevagissey, the award winning Eden Project and Lost Gardens of Heligan are within a short drive. The renowned sailing harbour and town of Fowey is approximately 12 miles away. The Cathedral city of Truro is approximately 16 miles from the property. The recently regenerated town of St Austell is situated just 4 miles away and offers a wide range of shopping, educational and recreational facilities. There is a mainline railway station and leisure centre together with primary and secondary schools and supermarkets. The St Austell area has and is undergoing large scale development increasing the number of both local and visiting residents. There are several local campsites within easy reach of the restaurant.
Being close to the beach the property is ideally situated for wedding functions allowing a beautiful back drop for photographs.
The Business - The current business is run on a 1st April to 31st October basis only and included Tuesday to Saturday evenings. The main business is that of a brasserie style restaurant but also included an element of general bar and takeaway.
The current owner caters for various functions through the year which have included weddings, birthdays, christenings and wakes. With the large internal space and generous grounds the current owner has catered for christenings up to 70 people, weddings up to 65, birthdays up to 50 people and childrens party up to 60. With the delightful level grounds the current owner has utilised marquees and bouncy castles!
There is undoubtedly excellent scope to expand the business hours, days and months to increase turnover. With the excellent licences currently held there will certainly be further room to expand.
Restaurant/Bar - 13.6 x 5.3 (44'7" x 17'4") - An attractive restaurant with high volted ceiling and exposed beams. Dado rail with some panelling, 6 large windows, wall and pendant lighting, good size bar area with draught facilities etc, wall mounted panel heating, covers for at least 48/50, door to kitchen, double doors to:
Inner Lobby - Door to outside, door to cellar room, doors to:
Female W C - Wash basin are and 2 cubicles
Male W C - Single cubicle with low level w.C., and washbasin
Kitchen - 5.3 x 5.2 (17'4" x 17'0") - Fitted and equipped commercial kitchen with large central island prep unit, stainless steel extractor vent, gas connection, through to:
Store 1 - a useful room for fridges and freezers
Store 2 - a further useful room for dry storage and fridge/freezers
Accommodation - Beyond the store areas are further rooms, currently used as storage space, but which were used as 2 bedroom accommodation.
Bathroom - panelled bath, low level w.C., washbasin
Main Room - 6.9 x 3.4 (22'7" x 11'1") - 2 windows, open riser stairs to mezzanine level, door to:
Inner Room - 3.6 max x 2.8 max (11'9" max x 9'2" max) - widnow, hot water cylinder cupboard
Mezzanine Level - 6.9 max x 5.3 max (22'7" max x 17'4" max) - L shape room with windows and has open rails to the lower main room
Outside - The property sits in generous mainly level lawned grounds which provide pleasant space for outside seating and live music etc. The space is also excellent for weddings, marquees etc. To the rear is a parking area and there is good additional parking opposite the restaurant.
To the rear is a yard area useful for bin storage and there is a run of outside brick built stores.
Vat - We understand the sale price does not attract VAT. However we understand the rent is payable plus VAT at the prevailing rate. However, under the Finances Act 1989 and 1997 VAT may be levied on the sale price. We recommend that interested parties establish the VAT implications before entering into any agreement.
Tenure - The property is offered on the remainder of a 15 year fully repairing and insuring lease which commenced October 2016. The current rent os £14,500 plus VAT pa.
Services - We understand that mains electricity and water are available or connected to the property. We understand gas is via bottles. However we have not tested or checked for connections to the site and advise that all interested parties make their own enquiries of the appropriate statutory authorities.
Planning - The premises are currently run as a restaurant and takeaway therefore we understand trading under A3. However applicants should make their own investigations as to the suitability of planning for their own use. Planning Office, Cornwall Council, Penwinnick Road, St Austell, PL25 5DR. Tel .
Viewing - By telephone appointment with the owners Sole Agent: May Whetter and Grose, 11 Fore Street, St Austell. PL25 5PX.
Accounts - Subject to the business owners consent abridged trading figures may be available to seriously interested parties following a viewing.