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Reference R8430

Licensed Restaurant in Torquay For Sale

Register to see map and to make an appointment Situated in a parade, close to town centre, sought after DEVON TORQUAY

Price 12,000

Features

Licensed Restaurant

At present British & Continental cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SINGLE FRONTED RESTAURANT carpeted, wall & ceiling lighting. Air conditioning. Tables with new table cloths & chairs providing seating for 18 persons (can be increased to accommodate 24 persons, if desired). Cool display fridge, 2 group coffee machine, wine fridge, under-counter fridge, touchscreen computerised till.

Fully tiled ladies'/disabled cloakroom with w.c. & wash hand basin
Fully tiled gentlemen's cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor & tiled walls. The equipment includes extractor system, 6-burner gas cooker with oven, 2 small deep fryers, pizza oven, Kenwood mixer, 2 small deep freezers, 3 fridges, 1 deep freezer, dishwasher, double sink & drainer, wash hand basin etc.

Wash-up area with dishwasher, single sink

Stairs to first floor storage area plus small office

Turnover

AT PRESENT the business is operated on a low key basis & in our opinion offers tremendous potential for development in the right hands.

Staff

At present operated by the vendor with the assistance of part time staff when required.

Trading Hours

At present only 5 lunch times per week - Tuesday - Saturday 11 a.m. - 3 p.m.

Accommodation

The SPACIOUS accommodation with NIGHT STORAGE HEATERS & has the potential for sub-letting if not required for personal use. Comprises:

3 Bedrooms (1 double, 2 singles)
Bathroom with bath, w.c. & wash hand basin
Large Louge with open fireplace
Fitted kitchen

The second floor has a decking area

Tenure

We understand the entire premises are held on a secure renewable lease having 9 years unexpired from the 28th January, 2018 at a rental of 14,400 p.a. exclusive of rates up to January, 2021 with rent to be agreed thereafter.

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 12,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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