Restaurants for sale in Taunton

View the "Popular Restaurant & Bar in Taunton, Somerset" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Popular Restaurant & Bar in Taunton, Somerset

Taunton, Somerset, England

  • Leasehold Price: £70,000
  • Annual Turnover: £153,600
Seller Reference: 1354
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Business Description
 
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Seller Reference: 1354
Request Details
Business Description
• Popular Restaurant & Bar in Taunton, Somerset
• Self contained 2 bedroom apartment
• Desirable highly visible trading position
• Well-presented throughout
• Healthy turnover and profits with scope to improve
• Excellent local reputation
• Valuable inventory of quality fixtures & fittings
• Separate function room
• Plenty of customer parking nearby
• Fantastic change of lifestyle opportunity
• Sensible trading hours
• Good mix of complementary businesses nearby

Falcon Commercial is delighted to offer for sale this extremely well-presented Restaurant & Bar which occupies a prime trading position on one of the main roads that runs through this sought-after Somerset town. It has been under the proud ownership of our clients since 2015 during which time they have made considerable investment and improvements. It is now reluctantly being placed on the market as the owner wishes to concentrate on things including their family along with other business interests.

During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, fantastic food, superb value and great service.

This thriving business is mainly operated as an evening venue with food being cooked to order and where all produce is sourced locally wherever possible. It is considered the premises are suitable for all types of cuisine.
The business is run by our client with help from a dedicated team of full and part time staff. It generates a turnover in the region of £153,600 per year with healthy gross profit margins. There is tremendous potential to increase the turnover by possibly running a modest marketing campaign or by extending the opening hours to include lunchtimes.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended

The Premises
Substantial and well-maintained leasehold building which is fitted and presented to high trade specifications throughout.
Self contained 2 bedroom flat currently used by a live in manager but has been rented out previously for £550 per month.
Plenty of customer parking close by

The premises briefly comprise:

Ground Floor
• Main Bar area with bar servery which has several points of dispense.
• Dining area which is open plan and has seating for approximately 30 customers
• Function room/private dining area which has seating for approximately 25 customers
• Well-equipped Galley style commercial catering kitchen with extraction
• Separate Storage area
• Toilets

First Floor
• Double Bedroom
• Lounge
• Kitchen
• Shower room
• Double Bedroom

Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
2
Location Details:
Busy main road just of the town centre
Leasehold Term:
The business comes with the benefit of a secure lease which was originally for 10 years and has 6 year remaining. Rent reviews are every 5 years. Current annual rent payable is £22,560 per year Please Note: The Code for Leasing Business Premises in Engl
Listed by:
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