the cellar bistro 29-31 fore street st ives cornwall tr26 1he sole agents ...
A POPULAR & EXTREMELY WELL APPOINTED LICENSED RESTAURANT LOCATED IN THE HEART OF PICTURESQUE ST IVES REFURBISHED 60-COVER RESTAURANT WITH FEATURE BAR SERVERY & A SEA GLIMPSE EQUIPPED COMMERCIAL KITCHEN, LARGE STORE ROOM/ CELLAR HISTORICALLY A SEPARATE BAR AREA SUCCESSFUL BUSINESS WITH SALES OF £282,952 PRODUCING A GROSS PROFIT OF 68% & AN ABRIDGE NET PROFIT IN EXCESS OF £80,000 PER ANNUM
LEASEHOLD - GUIDE £150,000 + SAV
THE CELLAR BISTRO 29-31 FORE STREET ST IVES CORNWALL TR26 1HE
SOLE AGENTS
LOCATION The Cellar Bistro enjoys a prominent trading location on Fore Street, St Ives, which enjoys much pedestrian flow all year round, although is particularly busy during the peak summer months.
Further accounting information will be made available to seriously interested parties following an initial viewing appointment.
St Ives is one of the UK’s most favoured holiday destinations and has achieved the award of “Best UK Seaside Town” on several occasions. The picturesque harbour and fine sandy beaches attract a high volume of visitors during the seasonal months, with other attractions including the quaint narrow streets, range of galleries, retail and catering outlets, St Ives School of Painting and Tate Cornwall.
COVERED ENTRANCE AREA With concealed lighting. Glazed door to:
ACCOMMODATION (all dimensions are approximate)
RECEPTION HALL Tiled flooring. Stairs descending to:RESTAURANT (17.39m x 5.82m narrowing to 2.91m & 5.16m x 4.11m) An extremely well-proportioned and refurbished Lshaped atmospheric restaurant providing seating for approximately 60 diners with flexibility to cater for large groups, parties etc. The main focal point being the central bar which is well-equipped with a range of shelving, chiller cabinet and coffee machine. The restaurant has a window with a view towards St Ives Harbour and beyond. Recessed lighting. Two ceiling fans. Air-conditioning unit. Seven radiators.
DESCRIPTION The licensed restaurant has been subject to a carefully planned refurbishment and now offers a spacious and atmospheric 60-cover lower ground floor restaurant with a feature central bar being the main focal point and a window with views towards St Ives Harbour and beyond, an equipped commercial kitchen, ladies and gents cloakrooms and a further store room/cellar, which historically was a separate bar area, and we are advised it is still covered by the Premises Licence. The KITCHEN (5.46m x 4.15m) restaurant is warmed by gas-fired central heating and A commercially equipped kitchen including a Mareno is cooled by air-conditioning in the summer. 6-burner gas range with extractor canopy over. Two deep fat fryers. Two Polar refrigerated counters. A We are sure discerning purchasers will recognise that range of stainless steel work surfaces. Sink unit. Twin Fore Street, St Ives is one of the South West’s most -bowl sink unit including dishwasher. Glass washer. sought after trading locations, in the heart of this Storage area with door to rear service lane. thriving community. From the restaurant, stairs descend to:THE BUSINESS Our clients trade the business for approximately 10 HALLWAY months of the year, closing December and January, Tiled flooring. Radiator. Access to Ladies & Gents operating evenings only from 6pm till 10pm, five Cloakrooms. evenings in the peak holidays with reduced opening during the quieter winter months. The successful STORE/CELLAR (4.48m x 4.56m) business offers a varied bistro style menu with produce Tiled flooring. Range of shelving. Ice-making machine. locally sourced wherever possible. WINE STORE (4.83m x 1.3m) The trading profit and loss accounts for year ending 31st March 2017 showed sales of £282,952, producing Please note that we have been informed by our a gross profit of 68% and an adjusted net profit of clients this area was formerly an independent bar £82,505 before Directors’ remuneration, motor area and is still covered by the Premises Licence if a expenses and depreciation. new proprietor wanted to trade from this area in the future.
TENURE - LEASEHOLD A 7-year proportional full repairing and insuring lease from 2015, with a 3-year rent review pattern and a current passing rent of £20,000 per annum. FIXTURES, FITTINGS & EFFECTS Normal fixtures and fittings associated with this type of property are included in the sale and detailed inventory of trade fixtures and fittings will be supplied prior to exchange of contracts.
BUSINESS RATES The property has a Rateable Value of £14,750 (VOA website 2017 list). Prospective purchasers should confirm actual rates payable with the local billing authority (www.voa.gov.uk). VIEWING/FURTHER INFORMATION Strictly by appointment with Russell Weetch SBC Property Daniell House Falmouth Road Truro Cornwall TR1 2HX
LICENCE The property has the benefit of a Premises Licence Tel: issued from Cornwall Council. ( It is a requirement under Email:
the Licensing Act 2003 that the properties serving alcohol have a dedicated premises supervisor who must be the holder of a Personal Licence. Any prospective purchaser is advised to take appropriate specialist advice.)
Web site:
01872 245819 [email protected] www.sbcproperty.com
The sale of any going concern business is confidential therefore we would ask that you do not make any direct approaches to vendors, their staff or customers, and arrange all viewing appointments through our offices. You are recommended to contact us before visiting the property even for an information viewing, we can then confirm whether or not it is still available.
ENERGY PERFORMANCE CERTIFICATE The premises has an EPC Rating of E under Certificate These particulars do not constitute any part of an offer or contract, Reference Number 9149-3070-0727-0790-1501. all statements as to the property and business are made without SERVICES Services connected to the premises include mains electricity, gas, water and drainage. ( We would point
out that no testing of any of the carried out by the agent.)
services has been
responsibility on the part of SBC Property or the vendor, none of the statements contained herein are to be relied upon as statements or representations of fact, any potential purchaser must satisfy themselves as the correctness of each statement in these particulars, the vendor does not make or give and SBC Property nor any person in their employment has any authority to make any representation or warranty whatever in relation to this property.
RENT REVIEWS | LEASE RENEWALS | VALUATIONS | AGENCY | MANAGEMENT
LEASEHOLD - GUIDE £150,000 + SAV
THE CELLAR BISTRO 29-31 FORE STREET ST IVES CORNWALL TR26 1HE
SOLE AGENTS
LOCATION The Cellar Bistro enjoys a prominent trading location on Fore Street, St Ives, which enjoys much pedestrian flow all year round, although is particularly busy during the peak summer months.
Further accounting information will be made available to seriously interested parties following an initial viewing appointment.
St Ives is one of the UK’s most favoured holiday destinations and has achieved the award of “Best UK Seaside Town” on several occasions. The picturesque harbour and fine sandy beaches attract a high volume of visitors during the seasonal months, with other attractions including the quaint narrow streets, range of galleries, retail and catering outlets, St Ives School of Painting and Tate Cornwall.
COVERED ENTRANCE AREA With concealed lighting. Glazed door to:
ACCOMMODATION (all dimensions are approximate)
RECEPTION HALL Tiled flooring. Stairs descending to:RESTAURANT (17.39m x 5.82m narrowing to 2.91m & 5.16m x 4.11m) An extremely well-proportioned and refurbished Lshaped atmospheric restaurant providing seating for approximately 60 diners with flexibility to cater for large groups, parties etc. The main focal point being the central bar which is well-equipped with a range of shelving, chiller cabinet and coffee machine. The restaurant has a window with a view towards St Ives Harbour and beyond. Recessed lighting. Two ceiling fans. Air-conditioning unit. Seven radiators.
DESCRIPTION The licensed restaurant has been subject to a carefully planned refurbishment and now offers a spacious and atmospheric 60-cover lower ground floor restaurant with a feature central bar being the main focal point and a window with views towards St Ives Harbour and beyond, an equipped commercial kitchen, ladies and gents cloakrooms and a further store room/cellar, which historically was a separate bar area, and we are advised it is still covered by the Premises Licence. The KITCHEN (5.46m x 4.15m) restaurant is warmed by gas-fired central heating and A commercially equipped kitchen including a Mareno is cooled by air-conditioning in the summer. 6-burner gas range with extractor canopy over. Two deep fat fryers. Two Polar refrigerated counters. A We are sure discerning purchasers will recognise that range of stainless steel work surfaces. Sink unit. Twin Fore Street, St Ives is one of the South West’s most -bowl sink unit including dishwasher. Glass washer. sought after trading locations, in the heart of this Storage area with door to rear service lane. thriving community. From the restaurant, stairs descend to:THE BUSINESS Our clients trade the business for approximately 10 HALLWAY months of the year, closing December and January, Tiled flooring. Radiator. Access to Ladies & Gents operating evenings only from 6pm till 10pm, five Cloakrooms. evenings in the peak holidays with reduced opening during the quieter winter months. The successful STORE/CELLAR (4.48m x 4.56m) business offers a varied bistro style menu with produce Tiled flooring. Range of shelving. Ice-making machine. locally sourced wherever possible. WINE STORE (4.83m x 1.3m) The trading profit and loss accounts for year ending 31st March 2017 showed sales of £282,952, producing Please note that we have been informed by our a gross profit of 68% and an adjusted net profit of clients this area was formerly an independent bar £82,505 before Directors’ remuneration, motor area and is still covered by the Premises Licence if a expenses and depreciation. new proprietor wanted to trade from this area in the future.
TENURE - LEASEHOLD A 7-year proportional full repairing and insuring lease from 2015, with a 3-year rent review pattern and a current passing rent of £20,000 per annum. FIXTURES, FITTINGS & EFFECTS Normal fixtures and fittings associated with this type of property are included in the sale and detailed inventory of trade fixtures and fittings will be supplied prior to exchange of contracts.
BUSINESS RATES The property has a Rateable Value of £14,750 (VOA website 2017 list). Prospective purchasers should confirm actual rates payable with the local billing authority (www.voa.gov.uk). VIEWING/FURTHER INFORMATION Strictly by appointment with Russell Weetch SBC Property Daniell House Falmouth Road Truro Cornwall TR1 2HX
LICENCE The property has the benefit of a Premises Licence Tel: issued from Cornwall Council. ( It is a requirement under Email:
the Licensing Act 2003 that the properties serving alcohol have a dedicated premises supervisor who must be the holder of a Personal Licence. Any prospective purchaser is advised to take appropriate specialist advice.)
Web site:
01872 245819 [email protected] www.sbcproperty.com
The sale of any going concern business is confidential therefore we would ask that you do not make any direct approaches to vendors, their staff or customers, and arrange all viewing appointments through our offices. You are recommended to contact us before visiting the property even for an information viewing, we can then confirm whether or not it is still available.
ENERGY PERFORMANCE CERTIFICATE The premises has an EPC Rating of E under Certificate These particulars do not constitute any part of an offer or contract, Reference Number 9149-3070-0727-0790-1501. all statements as to the property and business are made without SERVICES Services connected to the premises include mains electricity, gas, water and drainage. ( We would point
out that no testing of any of the carried out by the agent.)
services has been
responsibility on the part of SBC Property or the vendor, none of the statements contained herein are to be relied upon as statements or representations of fact, any potential purchaser must satisfy themselves as the correctness of each statement in these particulars, the vendor does not make or give and SBC Property nor any person in their employment has any authority to make any representation or warranty whatever in relation to this property.
RENT REVIEWS | LEASE RENEWALS | VALUATIONS | AGENCY | MANAGEMENT
