Business for Sale in Falmouth, Cornwall Waterfront Restaurant

Key Information

Reference

RV36357M

Tenure

Leasehold

Status

For Sale

Region

Cornwall

Sector

Restaurants

Annual Sales

£1,450,000.00 Exc. VAT

Rent Payable

£35000.00

Accommodation

No

Business Information

Arguably Falmouth's premier waterfront Restaurant and Wine Bar located in a fabulous waterfront position with large balcony directly overlooking the hustle and bustle of the river and harbour. Fantastic premises all having been recently updated by the current owners who have spared no cost in the design of the restaurant facilities delivering a unique dining area with open plan kitchen complete with latest catering equipment with a replacement cost in excess of £150K.

The business is currently operating with a number of full time, long serving staff which are bolstered by part time additions on an 'as required basis.'

The business is currently delivering significant turnover of Circa £1.45m with Gross Profit in excess of Circa £800k and Nett Profit Circa £230k.

The opportunity for growth is exceptional with potential of additional seating area on a floating pontoon, (subject to planning approval).

Leasehold Price in excess of £499,000.00 plus SAV. Ref RV36357M.