Seafood Restaurants for sale in Taunton

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Superior and Well Regarded Waterside Licensed Restaurant

Taunton, Somerset, England

  • Leasehold Price: £95,000
  • Annual Turnover: £540,410
Seller Reference: 2115
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 2115
Request Details
Business Description
THE PROPERTY
Albatross Fish & Seafood is an impressive and extremely well-regarded quality restaurant with an excellent reputation. The property is presented to a high standard throughout, having been well maintained and improved by our clients and benefitted from a full refurbishment in mid-2018. The sale of Albatross Fish & Seafood represents a fantastic opportunity to purchase an exceptionally high turnover catering business occupying a prime and sought-after riverside location in a popular Somerset town. The two storey premises offer modern contemporary furnishings and décor and the business undoubtedly offers potential for incoming operators to continue to build upon the successful reputation of the existing business, or for new operators to develop their own style of trade to suit their own requirements and take advantage of these stylish and well equipped restaurant premises. The property briefly comprises:- attractive ground floor Restaurant and Bar Area comfortably seating 34 customers; an impressive First Floor Restaurant comfortably seating 40 customers with panoramic views of the river; fully equipped Commercial Catering Kitchen with Ancillary and Welfare Facilities; Alfresco Courtyard Terrace Seating Area for 30 customers.

SITUATION
Albatross Fish & Seafood occupies a prominent and prime town centre trading position with impressive river views, located in Riverside Place within the heart of Taunton. The excellent trading location is within the immediate vicinity of a number of renowned national retailers and is well placed to benefit from the considerable commercial advantages of other complimentary businesses, office and residential developments together with the nearby Somerset cricket ground and the Brew House Theatre, all of which generate significant levels of business. Taunton is the county town of Somerset and a principal administrative centre nestled between the Quantock, Blackdown and Brendon Hills. With a growing resident population of over 65,000 and a catchment population of over 300,000 within a 30-minute drive, the town has convenient access to junction 25 of the M5 motorway. The mainline railway station is around 10 minutes' walk away and provides direct access to London Paddington in under 2 hours.

INTERNAL DETAILS
Ground Floor Glazed entrance doors to the front leading into Restaurant and Bar Area. An attractive dining area recently refitted to a high standard throughout having been purposefully equipped and furnished in a modern contemporary theme with tiled flooring, feature lighting, riverside views, wall mounted menu boards, quality free standing wooden topped tables and upholstered wooden chairs comfortably seating 34 customers. Attractive marble topped Bar Servery fitted with associated back bar fittings and display shelving, with two double glass fronted bottle fridges, commercial cappuccino coffee machine, undercounter storage, glass washer and coffee grinder. Still Room with non-slip flooring, work surfaces, extensive stainless steel wall shelving, three undercounter fridges, commercial ice machine, hot water still, microwave oven, stainless steel sink unit, twin deep bowl stainless steel sink unit, commercial dishwasher, commercial upright freezer, stainless steel work benches, dumbwaiter to first floor kitchen. Ladies & Gents WC. Small Office. Store Cupboard. First Floor Impressive and stylish Restaurant with modern contemporary furnishings and décor and panoramic views over the River Tone. Wood laminate flooring, feature lighting, wall mounted menu boards, range of quality free standing wooden topped tables and upholstered wooden chairs comfortably seating 40 customers. Waitress Station Area with display shelving and storage. Commercial Catering Kitchen with non-slip flooring and part stainless steel clad walls, extensive and well-appointed kitchen fitted with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over and gas interlock system, six burner gas range, Chargrill range, twin floor standing deep fat fryer, three 3 door under counter commercial fridges, commercial upright fridge, warming cabinet with lit serving gantry over, four draw undercounter commercial fridge, Lindcat commercial combi oven, stainless steel workbenches with shelving below, chest freezer, commercial upright fridge, twin table top deep fat fryer, stainless steel hand basin, stainless steel deep bowl sink unit, commercial pass through dishwasher, extensive stainless steel racked shelving, commercial microwave oven, hot water boiler and dumb waiter to ground floor.

EXTERNAL DETAILS
The restaurant benefits from the use of the attractive paved courtyard Terrace Area to the front with river views providing an al fresco seating area for 30 customers with retractable canopy's allowing year-round use even in inclement weather. Bin Store Area.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

THE BUSINESS
The Albatross Fish & Seafood trades as a quality licensed restaurant, located in a popular and busy town centre position and benefitting from impressive waterside views. Well presented throughout and extremely well equipped and furnished, the business was completely refurbished in June 2018. This well regarded business boasts an enviable reputation and offers a menu which reflects the best quality seasonal sea food and local produce and our clients source all of our produce locally with all of the food freshly cooked to order dining in an inviting modern contemporary atmosphere. This attention to detail has insured that the business enjoys excellent levels of regular repeat trade and an excellent local following with impressive levels of turn over being achieved. The business opens for breakfast, lunch and dinner, trading 5 days a week. Albatross Fish & Seafood has been awarded a 5 Star Food Hygiene Rating and has a website which provides further background information and menus. The business is also highly regarded by users of TripAdvisor and benefits from numerous excellent Google reviews. The business has been run fully under management and the sale represents an excellent opportunity to purchase an exceptionally high turnover and extremely well presented and equipped catering business. A formal viewing is essential in order to appreciate all that this unique business opportunity has to offer.

TRADING INFORMATION
Accounts for the year ending 31st October 2019 show sales of £540,410 net of VAT. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The business trades from 10am until 3pm and 6pm until close just 5 days a week, being closed on Sundays and Mondays.

STAFFING
The business has been run under full management, with a full compliment of staff being employed and no involvement in the day to day running of the business from our clients. 8 full time staff and 4 part time staff.

POTENTIAL
The sale of Albatross Fish & Seafood provides an excellent opportunity to purchase an impressive high turnover and well-regarded restaurant which offers undoubted potential to increase the current trade levels still further, particularly by increasing the opening hours. There is also the potential for incoming operators to develop their own style of cuisine and trade in a manner to suit their own personal requirements. The sale of Albatross Fish & Seafood represents a rare opportunity to purchase a high quality restaurant business in a prime and prominent trading location and which offers new owners the ability to move in and start trading without the need for any major expenditure.

EPC
D-84.

SERVICES
All mains services, except for mains gas are connected to the subject property. Gas for cooking is provided by LPG bottles.

PRICE & TENURE
£95,000 for the valuable leasehold interest as a going concern business and full trade inventory. The premises are held on the remainder of a full repairing and insuring lease ending on 23rd June 2028. The current rent is £32,000 per annum. Full details are available upon request.
Tenure:
Leasehold
Location Details:
Albatross Fish & Seafood occupies a prominent and prime town centre trading position with impressive river views, located in Riverside Place within the heart of Taunton. The excellent trading location is within the immediate vicinity of a number of renowned national retailers and is well placed to benefit from the considerable commercial advantages of other complimentary businesses, office and residential developments together with the nearby Somerset cricket ground and the Brew House Theatre.
Leasehold Term:
The premises are held on the remainder of a full repairing and insuring lease ending on 23rd June 2028. The current rent is £32,000 per annum. Full details are available upon request.
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