Bar / Restaurant / Function Venue, The Redruth Drapery | Mid Cornwall

  • Freehold Price: £330,000
  • Annual Turnover: £30,000
Redruth, Cornwall, England
Seller Ref:B42717
For Sale

Bar / Restaurant / Function Venue, The Redruth Drapery | Mid Cornwall

Redruth, Cornwall, England
Seller Ref:B42717
  • Freehold Price: £330,000
  • Annual Turnover: £30,000

Overview

Seller Ref: B42717

Description

The architectural gem that is The Redruth Drapery was once part of a Cornish Department store which occupied both sides of the street and it was a bustling commercial centre during Redruth’s industrial hey-day.

The building, with its striking frontage, grand proportions and original features has been brought back to life and has evolved into an exceptional events venue, attracting people from across Cornwall and beyond to the centre of Redruth. The Drapery provides an inspiring space for pop up food events, live music, workshops, corporate functions, talks and learning experiences; with two floors and a large attractive outside space there is plenty of scope for events of all sizes.

The business currently operates a limited schedule with 2 gigs/events a month and a turnover in the region of £25,000 – 30,000 per annum, there is clear scope to expand the offering in numerous ways. A new operator could open a daytime cafe/restaurant, expand into catering for private events, obtain a wedding licence, and cater for a much larger audience than at present.

Formal accounts are not available, however our client is happy to discuss the business in greater detail and work with a new owner to ensure a smooth transition.

Support and Training:
Our client is happy to work with a new owner on handover.
Location Details:
In brief the business is located is on West End close to the intersection between Fore St and Penryn Street. Redruth itself is home to a mixture of families and young professionals alike. The property is close to Redruth mainline train station, local transport links and public car parks.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
Stock at valuation

Listed By:

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