Restaurants for sale in Woolacombe

View the "High Profit Pub & Restaurant with Accommodation" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

High Profit Pub & Restaurant with Accommodation

Woolacombe, Devon, England

  • Leasehold Price: £200,000
Seller Reference: COM190055
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: COM190055
Request Details
Business Description
Webbers Commercial have been favoured with instructions by the freeholders to offer the premises on the basis of a brand new lease.
The property comprises of a 70 seater restaurant area, an L-shaped public bar, central interconnecting corridor and gents and ladies cloakrooms.
In addition there is a well-equipped commercial kitchen, cellar and store.
Above the main bar is a spacious three bedroom owner’s apartment which benefits from gas-fired central heating and has access to a roof top terrace with chalet and rooftop garden area.
The entire property wraps around a sunny south facing split level courtyard and beer garden.
The property benefits for parking for three staff vehicles in the front of the property at Barton Road.
This business has been owned by the same family for decades and is now available for genuine reasons.
The public house bar and restaurant opens from Easter to October with a combined turnover of around £500,000 of which approximately £200,000 was provided by the food trade.
It should be noted that the restaurant area was let to a chef at a nominal rent and served a limited menu; therefore a discerning purchaser could quite easily increase the turnover by extending opening hours to open in the winter to increase trade.
Details of accounts will be made available to those seriously interested parties who have inspected the property.
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
3
Location Details:
In a prime tourist trading position in the heart of Woolacombe, North Devon’s surfing Mecca along the majestic North Devon coastline.
Leasehold Term:
The property will be available on the basis of a brand new lease at a rental of £50,000 per annum on FRI terms and with an ingoing asking premium of £200,000 for the goodwill of the business and fixtures, fittings and equipment (excluding personal items).
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