Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Atlantic Bar And Restaurant With Far Reaching Sea Views For Sale

Westward Ho, Devon
Asking Price:
£745,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

A purpose built 2 storey, state of the art, modern property built within the last few years, seating 90 customers to the first floor, 60 customers to to the ground floor with an additional 60 seats outside on a fully enclosed paved patio which has a retractable electronically controlled roof, a major investment in 2018 which has greatly enhanced the size of the venue. The property benefits from a lift from ground to first floor, ample cloakroom and storage facilities as well as a cellar to the ground floor and a well-equipped modern commercial kitchen to the first floor.

Property Information

Property:

Freehold

Location:

Situated in a prime trading position overlooking the newly designed Village Green at the heart of Westward Ho with a panoramic outlook towards the Altlantic Ocean and the Taw and Torridge Estuary with Saunton beyond. The property has possibly the most sensational views of any venue in the North Devon area, looking north and east along the North Devon coastline. Westward Ho is a thriving seaside village located approximately 3 miles from Bideford in North Devon, just off the A39 tourist route and approximately 13 miles from the principle centre of Barnstaple. The village lies at the end of Northam Burrows facing out towards Bideford Bay, home of the Royal North Devon Golf Club, founded in 1864, the oldest golf course in the country, regarded as the ‘St Andrews’ of the south. Westwood Ho has benefited from significant investment over the past two decades with the resort teaming with bars, restaurants and many new housing and holiday let developments.

Premises Details:

The accommodation comprises:-

Ground floor main trading area
a light, airy and spacious trading area with a nautical interior décor theme seating circa 60 at a number of ‘distressed’ timber tables with upholstered bench style seating. Stripped wood flooring and centrally positioned timber topped and fronted bar severy

separate seating area
with leather sofas, coffee tables and free standing cast iron wood burner.

Conservatory
Accessed from the main trading area through sliding doors. Seating at timber tables and matching chairs with views over the green and beach. This structure has been recently installed and benefits from a retractable roof.

Commercial kitchen
fully equipped with extraction.

Pizza oven area
(extended in 2018)

takeaway kiosk

lift

first floor trading area
continued in the same style, providing circa 90 cover, with stunning elevated panoramic views over the beach and bay towards saunton sands.

Second commercial kitchen
well-equipped.

Outside childrens play area

rear car park
with 5 spaces. N.b. There is a council car park only a 100 yards from the premises.

General information

rateable value
2017 list £33,000. Please note this is not rates payable. For more information we advise you contact the local billing authority.

Business
The property and business is owned and operated by a local family and is a well-established restaurant popular with the huge influx of visitors to the North Devon coast each year and also the locals and residents of the surrounding towns of Bideford and Barnstable.

The family friendly restaurant provides tasty, affordable meals with a pizza speciality. The bespoke pizza has proved very popular and produces delicious home cooked pizzas which attract rave reviews.

The venue is also a popular place to hold functions given the open plan layout and size of the building. The added attraction of almost 180-degree sea views make the Beach Bar Diner a great place to hold birthday parties, family gatherings or weddings.

Due to our clients other business commitments the business opens only on a seasonal basis however there is huge untapped potential for year round opening. We have been verbally advised that the business has the capacity to take up to £50,000 per week in the height of the summer. It is located in possibly one of the best tourist trading positions in North Devon and next door to a modern development of luxury apartments with ground floor shops including a confectionery shop, kite surfing shop, fashion shop and Westward Living Furnishing/Homeware shop. Almost opposite is the new West Beach development which is due to be completed in Spring 2019 bringing a further 167 timeshare apartments to the immediate area. The premises hold a Public Entertainment Licence.

Tenure
Freehold

Alternatively, our client would consider leasing the property to bona fide interested parties with collateral and experience. Further terms to be negotiated – please contact Bettesworths for further information.

We understand that our client has opted to charge VAT. All interested parties should make their own enquiries to HMRC.

Planning
The owner has a positive 'Pre-Application' letter from the Local Authority indicating that they would potentially support an application to convert the first floor to 2 residential units (subject to a formal planning application). This could provide either 2 holiday let apartments which would generate significant rental income or alternatively the owner could retain one of the flats as owner’s accommodation and let the other.

Services
we have been informed the premises are connected to all mains services.

Inventory
to include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

Stock
wet and dry stock in trade and bar glassware will be taken over by the purchaser at valuation on the day of completion.

Viewing
Strictly by appointment through the selling Agents Bettesworths.

Energy Performance Rating:
C  View EPC Graph for this property

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you enquired on to finance specialists Rangewell. They will contact you about financing your business purchase.

  2. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Bettesworths. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here