Leasehold Restaurant Located In Porthleven, Cornwall

Stunning Leasehold Restaurant Located In Porthleven, Near Helston
Two Bedroomed Self-Contained Apartment
Views Over The Harbour
Ref 3165

Asking Price £274,950 plus SAV (£3,000)

Location
This delightful Restaurant is located in the Cornish town of Porthleven near Helston in Cornwall. Situated within a prominent and highly visible trading position which benefits from high levels of passing trade. The business is surrounded by other complimentary retailers, businesses, residential properties and offers stunning views across the harbour and out to sea. The town of Porthleven is (2.5 miles) away from Helston. Helston is well served by the A-roads, with the A394 being within easy driving distance of the property, which links to the national A-road and motorway networks. Helston is (12 miles) east of Penzance and (9 miles) southwest of Falmouth. The nearest railway station is Camborne, which is approximately (8 miles) away.

Business Description
Veritas Business Sales are delighted to offer for sale this established restaurant which is located in the vibrant harbour town of Porthleven. There has been a restaurant on this site for over 50 years and has been in the careful hands of our client for the past 2 years. The are now offering the business for sale so that they can concentrate on their other business interests.
Since ownership they have refurbished, redecorated and continually invested in 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 Square is owner operated with the help of 3 full time and 12 part time members of staff depending on the time of year and has an annual turnover of circa £650,000. They offer a brasserie style menu in a warm and relaxed atmosphere where you can enjoy a chilled lunch, relaxed dinner or simply coffee and cake, inside or on their partially covered terrace area looking over the harbour. Their ethos is local is best and the menu changes daily according to what is available. All their fish, shellfish, meats and vegetables are sourced from a selection of local suppliers. They also stock a variety of Cornish alcoholic and non alcoholic drinks. The restaurant has been awarded a “Michelin Bib Gourmand in the Michelin Guide Of Great Britain & Ireland 2021. Along side the restaurant is the Square Deli & Ice Cream Emporium with their ice creams all made on the property. Coffee & homemade cakes are also available through out the day.
We believe that there is further potential to increase trade by opening on Mondays and Tuesdays in the summer months. The business 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 which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Tuesday – Saturday – 11:00 – 23:00
Sunday & Monday – closed

Leasehold
Term: 20 years
Remaining: 7 years
Rent: £2,833.00 per month
Rates: £15,600 pa

Ground Floor
Restaurant (9.4m x 7.2M) with 18 tables with chairs to cover (40), various pictures, various plants, French doors on to front patio and table with drawers.
Bar area (2.4m x 2.6m) comprising: espresso coffee machine (la Marzocco), coffee grinder, ice machine (Blizzard), glass washer (Maid-Aid), undercounter drinks fridge (Halcyon), various shelves, cash register, usual draught drink equipment, serving counter and wash basin.
Takeaway & coffee Bar (4.7m x 4.5m) comprising: breakfast bar with 4 stools, oven on stand (Rational), fish fridge (Williams), various shelves, wine shelving, ice cream making machine (Telme), undercounter freezer and drinks fridge (Polar).
Kitchen (10.0m x 3.4m) comprising: warming plate cupboard, stainless steel shelving, 6 burner cooker (Blue Seal), salamander grill (Blue-Seal), 2 basket fryer, 3 door chiller unit with stainless steel work top, stainless prep table, various stainless shelves, sink with drainer, turbo oven on stand (Blue-Seal), commercial dual sink with drainer, wine rack, 2 door upright stainless fridge, upright stainless fridge (Blizzard), chest freezer (Blizzard), undercounter fridge (Tefcold), stainless steel prep table, commercial mixer, meat slicer (buffalo), various stainless bain-marie pots and water boiler.
Pot wash area (1.4m x 2.6m) with dishwasher (Maid-Aid), sink with drainer and directional hose, stainless steel shelves, washing machine (Hoover) and storage area.

First Floor
Office (2.2m x 3.0m).
Storeroom(2.0m x 2.1m).
Gents W/C with wash basin.
Ladies with W/C, wash basin, baby changing unit and mirror.

External
Sun terrace with awning, views over the harbour, tables and chairs to cover (18).
Apartment
First Floor
2 x double bedrooms.
Bathroom.
Kitchen/lounge/diner with views over the harbour.