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Padstow Pizza Restaurant with Top Ratings, Leasehold Opportunity

Padstow, Cornwall
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Leasehold Pizza Restaurant Located In Padstow Photo 1
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  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    08/03/23

  • Advert ID

    509538

  • Reference

    2678 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £119,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Leasehold Pizza Restaurant Located In Padstow

Leasehold Pizza Restaurant Located In Padstow
Ratings / Facebook 4.8 / TripAdvisor 4.5
Licensed
Ref 2678

Location
This delightful Pizza Restaurant is located in the quaint fishing port and food haven of Padstow which lies on Cornwall’s north coast. Centred around the attractive harbour this bustling town is an eclectic mix of fisherman's cottages and merchant's houses and fantastic restaurants. Whilst fishing and the port's trade have declined over the centuries the void has been readily filled by establishing itself as one of Cornwall's premiere holiday resorts. The success of the town can be attributed to its inherent charms but there is no denying that a certain celebrity chef’s probably contributed to putting Padstow back on the map. The up market holiday resort of Rock brings tourists over daily by ferry across the estuary and the busy town of Wadebridge is just 5 miles away.

Asking Price: £119,950 plus SAV (£2,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Pizza Restaurant which is located in a prime location in the harbour town of Padstow. The business was established by our clients 7 years ago and they are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. This is a turn-key business with everything needed to be successful. Embers is owner operated with the help of 4 full time and 5 part time members of staff and has an annual turnover of circa £435,000.
They specialise in a fine range of wood fired pizzas, fajitas, dirty & veggie nachos, house pasta, chilli king prawn linguine, garlic bread as well as local coffee, tea and milk shakes. The restaurant is also licenced and serves various wines, local ales and cocktails. All fayre is freshly prepared to order on site and can be enjoyed in a relaxed and cosy restaurant or taken away.
We believe that there is further potential to increase trade by extending upon the current opening times and opening all day during the summer which they currently do not do. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – Saturday – 12:00pm – 3:00pm – 5:00pm – 10:00pm
Sunday – 5:00pm – 10:00pm (Takeaway only)

Leasehold
New lease available
Rent: £25,000 pa
Business rates: Currently zero

Ground Floor
Restaurant & Bar (6.0mm x 4.3m) comprising: 8 tables with chairs to cover (26) covers, 2 large wall mounted mirrors, wall mounted menu chalk boards, electronic till (Epos), espresso coffee machine (LaSpaziale), drinks fridge (Polar), glass washer (Class EQ), 2 stainless steel under counter drinks fridges (Polar), under counter white fridge, under counter drinks fridge (Polar), various shelves, coffee grinder and drinks blender (Pro-Blend), work station

Kitchen (3.8mx 5.7m) comprising: oven (LaMona), induction hobb (Buffalo), salad prep chiller, (Blizzard), stainless steel 2 door under counter fridge with worktop, large 8 pizza oven (Goznea), 3 door chiller unit with granite worktop, saladette unit, wash basin, various stainless shelves (Vogue), sink with drainer, under counter stainless steel fridge (Polar), under counter stainless steel freezer (Polar), 2 induction hobs (Buffalo), pizza dough roller, dishwasher (Ecomax), chest freezer, drinks fridge (Polar), various work surfaces, microwave (DeLonghi) and water boiler (Aquapoint).
W/C with wash basin and wall mounted mirror.

External
Storage shed (3.6m x 3.2m available with separate rental agreement) comprising: tumble dryer (Bush), washing machine (Beko), ice machine (Whirlpool), 2 upright freezers (Polar), 2 upright fridges (Polar) and various shelves.

EPC Rating E

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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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