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Leasehold Cocktail Bar & Restaurant for Sale in Falmouth, Cornwall

Falmouth, Cornwall

CONFIDENTIAL

  • Leasehold: £89,950
  • Turnover: £520,000 (£10,000 per week)
  • Profit: Not Applicable

Business Details

Leasehold Cocktail Bar & Restaurant Located In Falmouth

Leasehold Cocktail Bar & Restaurant Located In Falmouth
Prominent Town Centre Trading Position
Exceptional Fixtures & Fittings
Impressive Turnover
Ref 3301

Asking Price £89,950 plus SAV (£4,000)

Location
This thriving Cocktail Bar & Restaurant occupies a desirable position in the heart of Falmouth’s established shopping and dining district. This characterful thoroughfare accommodates a diverse mix of independent retailers, cafés, restaurants and bars. The harbour and Custom House Quay are close by, while Discovery Quay, Events Square and the National Maritime Museum Cornwall are within easy walking distance. The central setting provides opportunities to attract local residents and visitors exploring Falmouth’s shops, waterfront and maritime attractions, making this an appealing location for a hospitality business.

Business Description
Veritas Business Sales is delighted to offer for sale this stylish cocktail bar and restaurant occupying a desirable trading position in the heart of Falmouth. Our clients extensively refurbished and transformed the premises before opening in April 2024. Their investment included redecoration and the installation of a comprehensive range of quality fixtures, fittings and commercial catering equipment. The business is now offered for sale so that they can focus on their property development interests.
The business is operated by the owners, supported by seven part-time members of staff. Our clients report average weekly turnover of approximately £10,000 during the summer months, with drinks accounting for around 70% of sales and the Latin American food offering contributing the remaining 30%.The premises are presented in excellent condition, providing an incoming operator with an attractive and well-equipped bar and restaurant.
External seating for approximately 18 customers complements the internal accommodation. There is potential to develop the food offering and explore additional winter opening days. This represents an excellent opportunity to acquire a distinctive hospitality business with an established trading presence, substantial reported summer sales and an extensive fit-out.
Early viewing is highly recommended.

Term: 7 years
Remaining: 4.5 years
Rent: £20,000 per annum
Business Rates: £800 per annum


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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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