Restaurants for sale in Weymouth

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 I love your website – you saved me so much time with my search. I've now bought a restaurant. 

Imran Ahmed (Nov 2014)
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Leasehold Price: £155,000 Price Reduced Turnover: £576,256
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Business Description
BUSINESS
Hilton Smythe welcomes to the market The Spice Ship.  This prominent Grade 11 listed public house offers a large family-friendly restaurant, lively bar and quality accommodation.  

This historical coaching house has been under the careful ownership of our client’s since February 2008 and they have worked tirelessly to transform the business into the highly profitable concern it is today. The business has an excellent reputation for its superb food and real ales.

The restaurant is a large open plan space with room to serve up to 65 covers.  The restaurant serves traditional British food from tasty bites and great value favourites to a more sophisticated a la carte menu and very popular carvery.  Food is sourced from Dorset and the West Country where possible, all food is cooked to order and is of the highest quality.  

The Spice Ship is in a fantastic trading position attracting many families from two large holiday parks in the vicinity.  Additionally, the Spice Ship is very well supported by the local community with 2 ladies dart teams, pool team and Golf Society regularly using the venue, bringing all year round trade.

The Spice Ship enjoys a lively atmosphere with regular live music nights and other popular acts.  During the summer months the acts take place in the large garden.  There are also 4 flat screen tvs and sky for live sporting events.

The guest accommodation is superb, currently the business offers 4 guest rooms, however, there are a further three guest rooms available, two of which are currently unused and one used as staff accommodation, lending to the potential to easily increase revenue generated from the lettings.

The business boasts excellent reviews on Trip Advisor, Inn Advisor and booking.com.  The business has also been awarded a 5 star hygiene rating and Cask Ale Award for serving a host of real ales.

The business reports a phenomenal turnover and is extremely popular, offering a superb walk in trading opportunity in this highly desirable location.

LOCATION
The business is located in the charming coastal village of Preston, only 2 miles from the bustling seaside resort of Weymouth in Dorset.

The Spice Ship provides a fantastic base for exploring this lovely region, with a bus stop directly outside and large car park, the business is within easy reach to the host of tourist attractions in the region.  The vibrant seaside resort of Weymouth with its fine Georgian seafront, fantastic beaches, rich heritage and busy town centre facilities.  For children, the famous Jurassic coast is close by and Monkey World is only 20 minutes away.  For the more active, Dorset is renowned for its water sports and coastal walks.

It is no wonder the area is popular for visitors of all ages, with many tourists returning year on year.

PREMISES
Large detached Grade 11 listed building briefly comprising:-

The bar area is carpeted with freestanding table and chairs and comfortable bench seating.  The style is nautical, giving the appearance of an on board ship which children love.  This theme is continued throughout the ground floor.  There is a pool table and darts area.  The bar has 18 pumps, 6 real ale pumps and 1 guinness, providing a large range of real ales, many local lagers, wine, spirits and soft drinks, teas and coffees.

There is a glasswasher, 3 double door drinks chillers, ice machine, double sink and drainer, coffee perculator, and a rented Flavia coffee and chocolate machine, 3 tills and a card payment machine.  The wood panelling and oak ceiling theme continues into the restaurant area.

The restaurant overlooks the fantastic garden.  This is a large open plan space with table and chairs for 65 covers.  

There are 2 serving (heated) trollies used for the carvery/vegetables.

The restaurant opens onto a covered decked area with tables/chairs, an external pool table and child rides and games, with the garden beyond.

The garden is very well maintained, laid mostly to lawn, with additional bench style seating and a purpose built child climbing frame and slide.  Alongside is the large car park.

The Ladies and Gentlemen’s toilets are located off the restaurant.

The fully equipped commercial grade kitchen which is visible from the restaurant houses 6 gas range/oven, 2 combi ovens, 1 griddle, 2 microwaves, 2 double fryers, 3 fridges, a freezer, dishwasher, grill, hand sink and commercial sink/drainer.  Ample stainless steel work surfaces and plenty of shelving and storage.

Additional room used for dry storage.

Cellar

There are gaming machines available which are rented.

Accommodation

On the first floor is the guest accommodation briefly comprising:-

Family bedroom with double bed and bunk beds, wardrobe, ensuite tiled bathroom with bath/shower, toilet and sink.

Single room, wardrobe and ensuite shower room.

Double room wardrobe, ensuite with bath/shower, toilet and sink.

Double room with ensuite – currently not used.

Double bedroom – currently used as Chef accommodation

Double bedroom, currently not used.

Twin or superking, ensuite with bath/shower, toilet and sink

Shower room with toilet and sink – used by guests in rooms without ensuite.

All rooms have flat screen tv with Freeview, tea coffee facilities, complementary toiletries.  All rooms are stylish, modern and in excellent decorative order, carpeted included the hallway and centrally heated.

There is the benefit of a separate entrance from the street to the accommodation.

TENURE
We are advised leasehold.

The original lease length is 10 years with 5 years remaining.  The rent is £52,000 per annum.

HOURS
The business opens:-  

Monday to Sunday 11.30am - 11.30pm  

The business opens shorter during the winter months, depending on demand.

STAFF
The business is owner run and managed with the assistance of 6 full time and 4 part time members of staff.

FINANCIAL PROFILE
The business reports a healthy turnover of £576,256 with reported gross profit at just over 51%.



Tenure: Leasehold

Listed by: Hilton Smythe
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