Established Mexican Themed Restaurant In Devon | | Torquay Devon | | Mexican style restaurant Torquay, Devon. T/O:£380,000 GP 60% Scope to increase turnover Loyal customer base Sea-views Established business Town centre location | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60360
ADVERT IMPRESSIONS : 10,110 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £275,000 | ANNUAL RENT: | £33,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Jingles occupies substantial mid-parade premises ideally located on a busy high street in Torquay, Devon. The business benefits from ample on street parking and is surrounded by a variety of complementary shops and businesses. The premises benefits from being en-route to the harbour and boasts beautiful views of the ocean. There are regular buses running through the area and the railway station is within easy walking distance. Torquay is a popular tourist destination and boasts many amenities and attractions including beautiful beaches and Kent's Cavern, Britain's most important Stone Age site. The business has easy access to the A-road network and lies within the busy harbour side area of Torquay town centre.
Business History
Preferred Commercial is delighted to offer for sale this busy Mexican style restaurant, which was established in 1990 and has been in our client's careful hands since 2002. The business is only now offered to the market due to our client's other business interests. The premises are well-equipped to suit the trade with a large restaurant area with tables and chairs for up to 80 covers, bar area and commercial kitchen. There are many excellent reviews of the restaurant on Trip Advisor. The business benefits from the high footfall of tourists visiting the area along with an excellent reputation in the surrounding area. There is also a spacious 2-bedroom flat to the first and second floors. Our client currently offers a traditional freshly cooked New World and Mexican menu along with bar services. The business currently trades 7 days a week and generates a turnover in the region of £380,000 with a gross profit of 60%. We feel this could be further increased by offering a lunch menu, as the business currently only opens evenings. The new owner could, if desired, establish a simple marketing campaign to generate more business. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £380,000 approx.
GP: 60%
Opening Hours
Mon - Sat: 6:00pm to 12:00am
Sun: 7:00pm to 12:00am
Accommodation Details
Substantial mid-parade restaurant premises. Briefly comprising:
Restaurant
Ground floor
• Large restaurant area with tables and chairs for up to 80 covers, walls painted in traditional south American finishes and decorated with Latin American ephemera
• Large L shaped bar area with one point of dispense, shelving to rear for spirits and drinks refrigerator for bottles of wine and beer
• Kitchen large sink unit, dishwasher, 4 x microwave ovens, plate warmer, double fryer, char grill, 6 burner hob and oven, preperation bench, freezer, meat refrigerator, walk in refrigerator and stairs leading from kitchen upstairs to flat
• Gents WC with wash hand basin
• Ladies WC with wash hand basin
• Staff WC with wash hand basin
First Floor
• Dry store room
• Office
• Alcohol store
Owners' Accommodation
Ground Floor
• Separate front door access and stairs
First Floor
• Entrance hallway
• Large lounge/diner
• Kitchen with fitted units
Second Floor
• 2 x double bedrooms
• Bathroom
External
• Small yard to rear
Tenure
Leasehold
New lease to be negotiated
Rent: £33,000 per annum
Bus Rates: £11,000 per annum
| | | | | | FOR SALE | | | | | REFERENCE: | 2295 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
