- 1,208 Sq Ft
- RESTAURANT BUSINESS FOR SALE
- PROMINENT HIGH-STREET POSITION
- CHARACTER PREMISES
- NEW 12-YEAR LEASE OFFERED
- ENERGY PERFORMANCE RATING (E)
Opportunity to buy an established high-end Bar and Restaurant business located in a prominent high-street position in the heart of the popular maritime town of Falmouth. The premises extends to 1,208sqft comprising of restaurant, bar and ‘snug’ area, kitchen, ladies and gents toilets and a store/laundry room. The premises is offered by way of a new lease. Viewing is highly recommended.
Currently operating as a French wine bar & brasserie, the business has established itself over 3 years as a popular and well-regarded restaurant. It is located in the heart of Falmouth just off the historic Old High Street, set within an atmospheric, character building which has operated as a restaurant/bar for over 100 years.
The premises has been refurbished to a high standard throughout; including the fit and installation of a well-appointed bar and new boiler & central heating system. The restaurant and late bar has a 60/40 split on food/wet sales and a high average spend per head and there is the potential to increase the licensing hours and develop wet sales further.
This is a versatile business with potential to diversify the brand and functionality as a venue.
The business is being offered with a new lease of 12 years and is available at £37,500 to include current Fixtures and Fittings.
Stock is additional at valuation on completion.
Further details are available upon request to applicants further to a viewing.
Opening hours (March - January)
Wednesdays: 5pm - Midnight
Thursdays: 5pm - Midnight
Fridays & Saturdays: 5pm - 1am
CLOSED: Sun, Mon and Tuesdays
Bar Area - 31.4sqm (338sqft)
Restaurant Area - 36.4sqm (392sqft)
Kitchen - 18.5sqm (199sqft)
Total NIA - 86.3sqm (929sqft)
GIA - 112.2sqm (1,208sqft)
Lease Terms :
The business is available by way of a new lease of 12 Years, with 3-yearly rent reviews and a commencing rent of £12,000pa.
The business is currently trading and interested parties are encouraged to visit/inspect as customers on the first instance. Further viewings can be arranged by appointment only via Redgrave Commercial.