Torquay Devon Restaurant, Bar & Entertainment Venue with Apartment
Torquay, Devon
- Status
FOR SALE
- Date Submitted:
15/06/23
- Advert ID
514981
- Reference
R35782N / Rightbiz
- Call Agent:
- Leasehold: £138,000
- Turnover: £254,629 (£4,897 Per week)
- Net Profit: Not Applicable
Business Details
RESTAURANT, BAR & ENTERTAINMENT VENUE
Themed destination RESTAURANT/BAR/ENTERTAINMENT VENUE, unique TORQUAY trading position, just off the seafront, close Torre Abbey Gardens, Kings Gardens, Railway Station, short walk town centre and marina, surrounded by guest accommodation/hotels, and residential areas. Highly visible and easily accessible, fronting primary vehicle thoroughfares, bordering car park.
A substantial site and deceptive detached property, quite a landmark, set in its own attractive gardens offering outside cooking area along with 40+ alfresco covers. The property offers a number of dining areas and a conservatory, offering 55+ covers, in addition to 2 bars, commercial kitchen, and 2 sets of cloakrooms. Also benefiting from private apartment comprising kitchen/breakfast room, sitting room, bedroom and bathroom, ideal for owners or alternatively could form part of business premises.
A well-known very profitable business, offering a popular menu, suit all types of cuisine, trades evenings only, attracting local and visitor trade, enjoying substantial summer boost, customers taking advantage of easy access/parking and outside dining facilities. Sales 2022 £254,629 ex Vat, Gross Profit £166,541 (65%), benefiting from favourable rent and zero business rates despite size of property/site, returns impressive Net Profit in excess of £100,000, viewing recommend to appreciate opportunities offered by property.
Leasehold £138,000 sav Ref: R/V35782N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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