Leasehold Bar & Restaurant Located In Bodmin

Leasehold Bar & Restaurant Located In Bodmin
Prominent Town Centre Position
Ratings / Facebook 5 / TripAdvisor 5 / Google 4.6
Ref 2681

Location
This established Bar & Restaurant is located in the Cornish town of Bodmin. The town has just gone through a major regeneration project linking the very popular cycle paths of Bodmin with Wadebridge & Padstow. Its conveniently positioned in the centre of the county just to the south west of Bodmin Moor. To the North is the coastal town of Bude (approx 26 miles). Bodmin sits alongside the A30 dual carriageway, the main link for Cornwall and Devon. Travelling East on the A30 leads to Devon the city of Exeter (62 miles) can be reached within 1 hour and provides intercity rail links, an airport and the M5 motorway. To the west is Cornwall with Truro being Cornwall’s only Cathedral town (approx 27 miles).

Asking Price: £29,950 plus SAV (£2,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Bar & Restaurant which is located in Bodmin. The business has been established for over 17 years and has been in the careful hands of our clients since 2019 and is now being offered for sale so that they can concentrate on other business interests.
Since ownership they have undertaken complete refurbishment of the Bar & Restaurant and continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Hive is owner operated and employs the help of 7 part time members of staff and has an annual turnover of circa £250,000. They serve a fine range of craft beers, cocktails, local coffee as well as amazing pizzas, meat balls, cheese boards and nachos. The kitchen is fully fitted with all the latest equipment and would easily cater for any culinary changes by new owners. The extensive outside seating area is very popular during the very busy holiday season.
We believe that there is potential to increase revenue by extending the opening times and days and expanding on the current food offering. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday & Tuesday – closed
Wednesday – Sunday – 4:00pm – 10:00pm

Leasehold
Term: 15 years
Remaining: 10 years
Rent: £12,600 pa
Rates: Zero

Ground Floor
Restaurant (5.8m x 8.0m) comprising: 9 tables with chairs to cover (32), breakfast bar with 4 stools, various pictures and bench seat.
Bar (6.3m x 5.1m) comprising: 2 under counter drinks fridges, EPOS till, music system, wash basin, sink with drainer, coffee grinder (UCC), espresso coffee machine (Appia), ice machine, various shelving, drink mixer dispenser, drinks fridge (logic) and wine chiller.
Men's W/C with 2 urinals and wash basin.
Ladies with 2 x W/C’s, wash basin, wall mounted mirror, baby changing room with wall mounted baby changing unit.
Kitchen (7.2m x 3.7m) comprising: stainless steel toaster, 5 x stainless steel prep tables, wall mounted microwave (Menu master), salamander grill (Blue Seal), double pizza oven on a stand (Prisma Food), extraction canopy, 4 door fridge freezer (Polar), wash basin, upright fridge on wheels (True), wire shelving unit, 3 door chiller unit with granite work surface and salad bar and stainless steel table with hot lamps.
Pot wash & prep area (2.7m x 4.5m) with 4 x stainless steel prep tables, dishwasher (Comenda), glass washer (Class EQ) and boiler.
Cellar (3.0m x 4.0m) with all the usual requirements.

External
12 tables with seating to cover (32), 4 bar stools with table, 2 heaters, and outside bar.

EPC Rating E