Leasehold Chinese and Vietnamese Restaurant Located In Newquay

Newquay, TR7 2NE
£69,950 plus SAV
Business ID:
#2411
£69,950
  • Ref: 2411
  • Type: Restaurants
  • Availability: Sold
  • Veritas Categories: Catering, - Restaurants, Takeaways
  • Business ID: 2411
  • Price Postfix: plus SAV
  • Commercial Tenure: Leasehold
  • Commercial Price: 69950
  • Annual Turnover: 100000
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Property Features

  • External Seating
  • Stunning Views of The Bay
  • Further Potential
  • Leasehold
  • Licensed
  • Chinese/Vietnamese Restaurant & Takeaway
  • Fully & Newly Fitted

Full Details

Leasehold Chinese and Vietnamese Restaurant Located In Newquay
External Seating and Stunning Views Over The Bay
A3 Consent and Licenced
Ref 2411

Location
This respected Chinese and Vietnamese restaurant is located in Newquay, Cornwall. Situated within a prominent and highly visible trading position within a busy parade of shops just off one of the main thoroughfare roads in the town centre. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort, all wrapped up in the most fantastic coastal scenery.
Asking Price: £69,950 plus SAV (£2,000)

Leasehold
Original term: 20 years
Remaining: 18 years
Rent: £11,500 pa
Rates: zero

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Chinese and Vietnamese restaurant which is located in the Cornish seaside town of Newquay. The business was established by our clients 15 months ago and is reluctantly being offered for sale due to health reasons. Since ownership they have completely refurbished the premises and continually 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. Fusion Kitchen is owner operated with the help of 3 part time staff members and has annual turnover of circa £100,000. The menu offers a fine range of Chinese and Vietnamese cuisine which can be enjoyed in the recently refurbished licensed restaurant or taken away. We believe that there is further potential to increase trade should you wish by opening at lunch times during the summer months. The business already 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 a business with further growth potential which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Opening Hours
Sunday - Thursday - 5.00pm - 9.30pm
Friday and Saturday - 5.00pm - 10.00pm
Wednesday - closed

Ground Floor
Restaurant (9.8m x 3.6m) comprising: tables and chairs to cover (30), various pictures, music system, feature fire place, coffee table with chairs and 2 children's high chairs.
Bar and Takeaway area (7.3m x 5.1m) comprising: table and chairs with covers for (6), 3 settees, wall lights, hot water dispenser, electronic cash register, drinks fridge (Polar), drinks fridge, upright drinks fridge, drinks fridge (Fosters), espresso coffee machine (Milano), coffee grinder and various shelving.
Storeroom (1.5m x 3.5m) with small chest freezer, large chest freezer, various shelves, under counter fridge (Beko) and an under counter fridge.

Kitchen (2.1m x 9.1m) comprising: 4 stainless steel prep tables, upright grey fridge/freezer (Samsung), upright white fridge (Liebherr), hot plate (Lincat), large extraction unit, dual deep fat fryer (Buffalo), 2 plate warmers, upright fridge/freezer, microwave, 2 x 6 burner ranges (Falcon), dual sink with drainer, dishwasher with push through system (Fagor), wash basin and various kitchen utensils.
W/C with wash basin and wall mirror.

External
Rear patio area with seating for (12) to include 3 garden tables, outside bar area and 3 coffee tables and chairs.

 

EPC Rating F