Business for sale - Commercial business transfer. (contd...)
Business for sale - Commercial business transfer. A very exciting opportunity to purchase a highly desirable bistro, with a wealth of character set up by the present owner who has now established a very highly respected and much recommended bistro/restaurant in the heart of St Ives, just off the centre and yards from the harbourside.
DESCRIPTION The premises are available by way of an assignment of the existing lease and a current passing rent of £18,200 per annum.
LOCATION St Ives is one of the most famous and popular coastal towns within Cornwall, home to the Tate Gallery and popular with many tourist who enjoy the fabulous beaches, characterful cottages and niche eateries and shops. The restaurant is location between the busy Fore Street and the waters edge amongst many small artists galleries.
THE BUSINESS This was started by the present owner eighteen months ago and is very much run as a 'family' with three members of the family working within the business. The owner has been responsible for re-equipping the kitchen and creating the great ambiance that diners will experience. The reputation grows, so does turnover with more and more return visits, week on week, year on year. The business also has further potential with the increase of hours as presently there is only Sunday lunch time opening and the restaurant could be opened earlier in the evening. Present turnover approaching £300,000 (three hundred thousand pounds) for the past twelve months.
RECESSED COVERED ENTRANCE FOYER Door leading to
RESTAURANT 32'10" x 26'3" (10m x 8m). A room with great ambiance. Lovely large windows. Decorative ceiling cornices. Display shelving. At the far end bar area and counter. Stairs to
MEZZANINE AREA 22' max x 16'9" (6.7m max x 5.1m). Panel radiator. Various windows. Wall light points. Store room. Door leading to
GENTS & LADIES CLOAKROOM
KITCHEN AREA 16'5" x 13'9" (5m x 4.2m). A well equipped kitchen (see inventory) with a range of professional ovens, rings, fridges and preparation counters. Stainless steel sink units with various shelving.
FURTHER STOREROOM Housing freezers, racking for food and rear door exit.
SERVICES Mains water, electricity, drainage, gas, telephone.
LEASE Date commencement 2014 to xxxx Rent £18,200.
ACCOUNTS Approaching £300,000. Accounts can be made available, subject to viewing.