Leasehold street food restaurant for sale in Penzance town centre
Penzance, Cornwall
- Status
WITHDRAWN
- Advert ID
633293
- Reference
3135 / Rightbiz
- Call Agent:
- Leasehold: £29,950
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Leasehold Street Food Restaurant Located In Penzance Town Centre
Leasehold Street Food Restaurant Located In Penzance Town Centre5 Star Food Hygiene Rating
Tripadvisor 5 Star Rating
Licenced
Ref 3135
Asking Price £29,950 plus SAV (£500)
Location
This respected Street Food Restaurant is located just off the high street in the seaside town of Penzance in the Southwest of Cornwall. Penzance remains one of the County’s most popular holiday destinations, being surrounded by stunning beaches along with many tourist attractions to include St Michael’s Mount, The Minack Theatre and Lands End. The main train line from London to the Southwest terminates at Penzance giving easy access to commuters from all over the country. The town has a population of circa 21,000 that increases immensely during the summer months.
Business Description
Veritas Business Sales are delighted to offer for sale this established International Street Food Restaurant which is located in the Cornish town of Penzance. The has been established for over 30 years and has been in the careful hands of our client for the past 10 years. They are now offering the business for sale so that they can relocate.
Since ownership they have undertaken total refurbishment and 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. The business is owner operated with the help of 4 part time members of staff and has an annual turnover of £84,000. Mermaid Alley serves a fine range of International street food including Dim Sum, Prawn Dumplings, Brisket Burger, Tempura King Prawns, Vegan Thali, Aubergine Baja, Loaded Fries along with sides, coffee, soft drinks , local wines & beers, desserts and cocktails. All of which can all be enjoyed in a relaxed and cosy restaurant. All fayre is freshly prepared to order using only the finest produce which has gained them a Tripadvisor 5 star rating and over 2,300 Instagram followers.
We believe that there is further potential to increase trade should you wish, by expanding upon the current opening times and opening at lunchtime, as well as opening on Mondays, Tuesdays & Wednesdays during the busy summer season. Also joining the online delivery portals such as Just Eat and Deliveroo would increase revenue. 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
Thursday – Saturday – 12:00 – late
Sunday – Wednesday – closed
Leasehold
New 10 year lease to be granted
Rent: £14,400 pa
Reviewed: 3 yearly
Business rates: zero
Ground Floor
Restaurant (5.1m x 4.7m) comprising: 4 tables with chairs to cover (8), undercounter drinks fridge (Kil-Masa), undercounter fridge, espresso coffee machine (Sanremo), coffee grinder, till, various shelves, undercounter fridge freezer (Logik), blender (Buffalo), wash basin, glass washer and wine fridge.
kitchen (3.9m x 3.2m) comprising: wash basin, 2 x stainless steel prep tables, microwave (Samsung), various stainless steel shelves, 3 door chiller unit (Polar), 6 burner cooker, 6 pot bain-marie, salamander grill (Buffalo), large commercial extraction unit, dual sink with drainer, 2 x single fryers (Zokop), various shelves and undercounter fridge (Beko).
First Floor
Restaurant 2 (6.0m x 5.1m) with 6 tables with chairs and bench seating to cover (20), temporary bar and various pictures.
Office & Storeroom (4.0m x 3.6m) with floor and wall kitchen units, various shelves, rice maker, 2 x upright fridges (Beko), upright freezer (Bush), chest freezer (Logik), fridge freezer, undercounter freezer (Logik), CCTV monitor (Huawei), printer, computer, chair.
Toilet (2.5m x 2.3m) with w/c, wash basin and wall mounted mirror.
External
Bin storage
EPC Rating C
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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.
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