Restaurants for sale in Beer

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Fine dining restaurant with bar and flat, on East Devon coast.

Beer, Devon, England

  • Leasehold Price: £24,000 per annum
Seller Reference: PAX0208138934
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Business Description
 
 
 
 
 
 
 
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Seller Reference: PAX0208138934
Request Details
Business Description
Thinking of a move to the Devon coast? This is a rare opportunity for you to stamp your own identity and style on these fine premises in one of the most charming seaside villages in Devon.

STEAMERS RESTAURANT/BAR AND TWO BEDROOMED FLAT

If you would like to own and run a restaurant by the sea in Devon then a special opportunity awaits you.
Steamers Restaurant and bar seeks a new owner to purchase or to lease. Located in Beer, a fishing village and jewel on the World Heritage Jurassic Coast of East Devon. The restaurant named after the Steam Bakery once established here has been a success since opening in 2003 achieving outstanding Trip Advisor ratings for its fine dining and ambience.

Located in the heart of the village, Steamers is a short stroll from the famous beach with its fishing boats, cafes, sailing club and beach huts and glorious south facing views to Beer Head. It’s not surprising that Beer is a popular destination for holiday makers, day trippers and local people in the extensive catchment area. For a smallish village it has a wide range of retail facilities, pubs, hotels, art galleries and lots of self catering accommodation. Beer is very much an all year round destination.

Steamers Restaurant occupies a charming old stone building which was creatively remodelled by a leading architect to maximise light and space. Key features are:
60 covers
Full licence and elegant bar.
Fully equipped kitchen and facilities
Furnished
Two bedroomed unfurnished flat above
Successful trading details available

The business was managed by the freeholders for four years 2003 – 2007 and then the chef took on a 25 year lease until he left for personal reasons this year. Revenues around £300,000 were achieved when owned by the freeholders.
The complete premises including fixtures and fittings can be acquired freehold subject to negotiation or leased from the freeholders for an initial lease premium of £39000 and a 10 year lease of £24000 per annum inflation linked which includes the flat, which on its own would command an annual rental of around £8000.

If this appeals to you please contact freeholders Geoff Pook on 07966 490429 or g.pook@outlook.com or David Boalch on 07966 454587 or boalchie@btinternet.co.uk Both live in Beer and the premises are available for viewing.
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
2
Location Details:
Centre of fishing village close to the beach.
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