Summary - Leasehold Restaurant, Falmouth, Cornwall, TR11 TR11 4DN
1 bed 1 bath Restaurant
Turnkey coastal business with strong summer trade and equipment included.
- Prominent town-centre coastal location with high tourist footfall
- Turnkey sale: recent full refurbishment and all commercial equipment included
- Annual turnover circa £300,000 (net of VAT)
- Rent £13,200 pa; lease expires in 4 years (major lending constraint)
- Business rates currently zero; EPC rating B
- Owner-operated with three full-time staff; seating for 28
- Daytime trade potential currently untapped during holiday season
- Local crime rate above average; check insurance and security needs
A well-regarded seafood restaurant in a prominent Falmouth town-centre position, trading strongly in the holiday season with a TripAdvisor rating of 4.9. The current owners fully refurbished the premises recently and included new commercial equipment and fixtures in the sale, so a purchaser can trade immediately without large upfront capital expenditure. Annual turnover is circa £300,000 (net of VAT) and the business is owner-operated with three full-time staff.
The leasehold comes with important constraints: only four years remain on the original 10-year term, rent is £13,200 pa with three-yearly reviews, and short lease length will likely prevent many mortgage lenders from lending. This is a material drawback for buyers who need lending; the property will suit a cash buyer or an operator able to negotiate a lease extension or new lease.
Operational positives include included kitchen equipment, strong repeat tourist and local custom, an EPC rating of B, mains gas heating and fast broadband/mobile signal. There is scope to increase turnover by opening daytime service during the holiday season. Note the local crime statistic is above average for the area — worth investigating with local authorities and insurers.
This opportunity is best for an experienced operator or investor seeking a turnkey seafood business in a busy coastal town, willing to address lease security. Early viewing is recommended to assess lease options and short-term trading potential.
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