• THRIVING RESTAURANT BUSINESS FOR SALE
• CENTRALLY LOCATED ADJACENT TO CATHEDRAL
• ANNUAL RENT £22,500
• PLUS STOCK AT VALUATION
• ENERGY PERFORMANCE RATING (TBC)
A once in lifetime opportunity to purchase a thriving restaurant & bar business with a good reputation and local following. Situated in the heart of Truro, The Old Grammar School is well known for its fresh homemade lunches and evening tapas. Also its fantastic cocktails served late into the night.
The Business The business operates 6 days a week from 10am until late and is currently fully staffed, so there is potential for increased profits with a family run team.
The annual turnover is around £600,000pa representing a Gross Profit of circa £350,000. The operation is 60% wet led and the abridged annual profit averages £35,000.
Lease Terms The premises is available by way of the assignment of the existing 25-Year lease which expires 2032. The passing rent is £22,500pa and there are 5-Yearly rent reviews, the next one being 2017 (the commencing rent was £20,000pa).
This leisure property for sale is located in Truro
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