The Esplanade, Penarth, CF64
Resturant – £400,000
A rare opportunity to purchase an established reputable business which has an amazing amount of potential for growth. The business is spread over three floors and comprises of a first class restaurant with an outdoor terrace on the first floor, a cafe ice cream take away on the ground floor and a roof terrace cafe which currently hosts outdoor cinema events. The property and the business is one of the crown jewels within the Vale of Glamorgan and is highly regarded. The possibilities for expansion and growth are exceptional.
GROSS TURNOVER 2015 £366,593 2016 £401,515
Located within the highly sought after seaside town of Penarth with its first class schools and transport links. The business is located directly on the seafront and has spectacular panoramic sea views from every level. There is visitors parking outside and disabled access. The business is being sold as an on-going concern and represents an incredible opportunity. Lease has been extended to 125 years. Rent is £20,000 per year, 25 year rent review, lease holder is the council and they are responsible for the building. There is a shared wall agreement at the back which the council have the insurance on. The lease also is able to sub let.
- Amazing opportunity
- Highly regarded
- Disabled access
- Established business
- Panoramic sea view
CALL 02920707064 TO BOOK A VIEWING