Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

For Sale
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Trewellard Meadery, Penzance, Cornwall

Restaurant & take away for sale

£595,000

Freehold

A freehold themed restaurant, available for the first time in 50 years. With 100 covers in a period building and well equipped. Extensive 4 bedroom owners accommodation. Strong sales and profits. Viewing recommended.

  • COASTAL 100 COVER RESTAURANT / TAKEAWAY
  • SPACIOUS FOUR BEDROOM ACCOMMODATION
  • WELL PRESENTED & EQUIPPED
  • CONSISTENT T/O & PROFITS
  • RETIREMENT SALE
  • EPC – D87

Property Brochure PDF Location Map

Location

Trewellard is a small village on the ‘North Coast Road’ between St Just and St Ives, approximately 7 miles from lands End and the main nearest town of Penzance. The village lies in an AONB and has a number of period granite properties and sites of interest, all of which makes this an attractive part of the County in which to live and indeed holiday.

The Meadery is in the centre of the village and enjoys high levels of visibility for its striking building.

Property

Formerly a Chapel built in 1843 the building comprises a detached two storey property with later extensions forming the rear / side service areas and entrance. The property has of course been modernised and converted to provide a c. 100 cover restaurant with commercial kitchen and preparation / storage and extensive 4 bedroom owners accommodation on the first floor.

Overall, in our opinion, the property is presented and indeed equipped, in good order.

Business

We understand the business has been trading in the same family ownership for 50 years, so it’s sale recognises quite a milestone in its history, now due to retirement for the current owners. The business trades evenings from 6:30 to 11:00 pm 7 days per week in the main season, reducing to 3 days (friday, saturday and sunday) in the off season. The business has a trade split of 70% sit in and 30% takeaway.

We are advised the annual turnover is in the region of £220,000 (net of VAT) which has a Gross Profit level of 57.6% and which after all overheads (including wages of £43,000) produces an adjusted net profit of c. £57,000 per annum. Further Accounting information will be made available to interested parties.

The Accommodation Comprises (all Areas And Dimensions Are Approximate)

The Restaurant

Entrance Hallway 3.27m 2.21m : Slate floor, door to Meadery.

Entrance Bar / Takeaway 5.14m x 3.02 : Slate floor, built in bar servery with dispensing taps.

Front Restaurant / Functions 8.61m x 2.64m (average) : A ‘dog friendly’ restaurant with windows to three sides and covers for c. 20 / 22.

Main Restaurant 9.54m x 7.93m : An impressive ‘themed’ room with a large open fireplace, built in bar servery with dispensing taps and covers for c. 75.

Wash Up / Preparation room 3.69m x 2.68m : Wall units, two sink / drainer units.

Commercial Kitchen 10.36m x 2.09m : Door to side. Well equipped commercial kitchen with 3 vent extraction system, double sink and slate floor (Inventory to be supplied).

Freezer Room 4.95m x 1.95m : Window to rear, with 6 fridges and 6 freezers.

Owners Accommodation

Stairs to First Floor

Entrance Hallway 4.50m x 2.45m : With a slate floor, through to sun terrace ( see Outside).

Inner hallway, leading to the kitchen, lounge and bedrooms.

Kitchen / Dining Room 5.09m x 3.43m : Window to the entrance hallway and to the front overlooking the village. An attractive room with exposed stone walls and space for food preparation and dining. Base and wall units, sink unit and pantry cupboard. Radiator.

Lounge (with enclosed office area off) 6.14m x 4.97m : Two windows to 2 sides with far reaching sea views, part vaulted ceiling and exposed stone walls make this a sizeable and characterful room. Enclosed office area with window to the side. Two radiators.

Inner hallway leading to bedrooms and bathroom, radiator.

Bedroom 1 3.08m x 2.76m : Window to side, radiator.
Bedroom 2 5.02m x 2.75m : Window to rear, radiator.
Bedroom 3 3.44m x 2.32m : Window to rear, radiator.
Bedroom 4 4.57m x 2.79m : Window to rear, radiator, built in wardrobe and exposed stone wall.

Bathroom (not measured) : Window to side, bath with shower, low level WC and pedestal wash hand basin.

Rear & Side Service Areas

Boiler / Store Room : 6.14m x 2.74m
Cellar / Store : 9.41m x 2.24m, door to front.
Staff WC
Customer WC’s : Ladies, 3 WC’s and hand basins; Gents, 3 urinal and 1 wc

Outside

Rear Garden : Private rear garden with part patio and raised beds, views over open countryside.
First Floor Patio : Situated off the entrance at First Floor level, an approx. 12m x 2.5m sun terrace with space for patio tables and chairs and with beautiful elevated country views.

Car Park : Adjacent to the Meadery a tarmacadam car park for up to 20 vehicles.

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is D87.

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Premises Licence

We understand the business currently holds a premises licence in respect the sale of liquor for consumption on and off the premises. Premises Licence W1_PL100388, copy available upon request.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock

To be taken at valuation on Completion.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact:-

Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Connect with our Expert

Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF