Business for Sale in TORQUAY, Devon RESTAURANT, BAR & ENTERTAINMENT VENUE

Key Information

Reference

R35782N

Tenure

Leasehold

Status

For Sale

Region

Devon

Sector

Restaurants

Annual Sales

£254,629.00 Exc. VAT

Accommodation

Yes

Business Information

Themed destination RESTAURANT/BAR/ENTERTAINMENT VENUE, unique TORQUAY trading position, just off the seafront, close Torre Abbey Gardens, Kings Gardens, Railway Station, short walk town centre and marina, surrounded by guest accommodation/hotels, and residential areas. Highly visible and easily accessible, fronting primary vehicle thoroughfares, bordering car park.

A substantial site and deceptive detached property, quite a landmark, set in its own attractive gardens offering outside cooking area along with 40+ alfresco covers. The property offers a number of dining areas and a conservatory, offering 55+ covers, in addition to 2 bars, commercial kitchen, and 2 sets of cloakrooms. Also benefiting from private apartment comprising kitchen/breakfast room, sitting room, bedroom and bathroom, ideal for owners or alternatively could form part of business premises.

A well-known very profitable business, offering a popular menu, suit all types of cuisine, trades evenings only, attracting local and visitor trade, enjoying substantial summer boost, customers taking advantage of easy access/parking and outside dining facilities. Sales 2022 £254,629 ex Vat, Gross Profit £166,541 (65%), benefiting from favourable rent and zero business rates despite size of property/site, returns impressive Net Profit in excess of £100,000, viewing recommend to appreciate opportunities offered by property.

Leasehold £138,000 sav Ref: R/V35782N