Leasehold Seafood Restaurant Located In St Ives, Cornwall

Leasehold Seafood Restaurant Located In St Ives, Cornwall
Prime Town Centre Trading Position
Recently Refurbished, Dining On 2 Floors
No 1 Trip-Advisor / Restaurants St Ives
Option To Buy The Freehold

Ref: 3098

Asking Price: £149,500 Plus SAV

Location
This very popular family run Seafood Restaurant is located in the stunning Cornish town of St Ives. Situated within a prominent and highly visible trading position on Tregenna Hill. The town has a number of complementary independent retailers along with National Blue-Chip retailers and enjoys high levels of footfall and tourism, especially during summer months. St Ives the dazzling jewel in Cornwall's crown, offering above average levels of sunshine, a picturesque fishing harbour and seaside town voted the best holiday destination by Coast magazine. One of TripAdvisor's top 10 European beaches.

Business Description
Veritas Business Sales are delighted to offer for sale this Seafood Restaurant which is located in the centre of St Ives, Cornwall. The current owners have operated the business for the past 3 years and are now reluctantly offering the restaurant for sale due to other business interests requiring their attention. Since ownership they have redesigned, refurbished, redecorated and invested in new equipment along with fixtures and 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. The Razor Clam is owner operated with the help of between 4 & 8 part time members of staff depending on the time of year and has an annual turnover of circa £450,000. They serve fresh local fish diches to include monkfish curry, seafood linguini, tiger prawns, fish chowder and from the grill rib eye steak, sirloin steak and cheeseburger to name but a few. The restaurant is licenced serving draught beers, wines from around the region, teas, coffees and soft drinks. All fayre is freshly cooked to order on site using only the finest local produce. We believe that there is further potential to increase trade should you wish, by extending the current opening times and opening in the mornings for breakfast. This is something that the current owners do not do but constantly get asked about. The business already enjoys a strong reputation within the local community and beyond for quality of food and as such has a high level of regular repeat trade along with many visiting tourists. This is a superb opportunity to purchase a readymade business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday - Saturday - 12:00 - 21:30
Sunday - closed

Lease
Term: 15 years
Remaining: 13½ years
Rent: £27,000 pa
Reviewed: 3 years
Business rates: £4,600 pa

Ground Floor
Restaurant (8.2m x 5.9m) comprising: tables with chairs & bench seating to cover (28), chiller display unit (Polar), bar area with serving counter, iPad order system and till. draft beer equipment, espresso coffee machine (Expobar), coffee grinder (Expobar), various shelves, 2 door chiller unit (Blizzard), 2 door chiller unit (Gamiko), wash basin, ice machine (Polar), glass washer Buffalo) and ceiling mounted wine glass holder. Kitchen (4.7m x 5.9m) comprising: various stainless steel prep tables, chiller unit with salad prep station (Polar), sink, microwave (Buffalo), various stainless steel shelves, 2x induction hobs (Blizzard), wash basin, dual deep fat fryer (Lincat), turbo fan oven (Blue Seal), extraction canopy, upright fridge (Foster), 3 door chiller unit 9Polar), hot lights for the pass, upright freezer, dishwasher with pass through system, sink with drainer & directional hose, CCTV, various cooking utensils, hot plate (Lincat) and air-conditioning unit.

Basement
Cellar (3.9m x 5.2m) with the usual cellar requirements.

First Floor
Restaurant 2 (6.0m x 7.8m) comprising; 10 tables with chairs and bench seating to cover (40), bar serving area, draft beer equipment, wash basin, various pictures, order station with iPad, 2 x children's high chairs, various shelves and ceiling mounted air-conditioning unit.
Gents toilet (1.2m x 2.5m) with w/c, wash basin and wall mounted mirror.
Ladies toilet (2.7m x 1.7m) with w/c, wash basin, wall mounted mirror and bay changing unit.
Office (3.5m x 2.5m) with desk, chair, chest freezer, fridge freezer and fridge.

EPC Rating C