Floorplan of The Esplanade, Penarth, Vale Of Glamorgan, CF64 3AU
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The Esplanade, Penarth, CF64

Resturant - £400,000

A rare opportunity to purchase an established reputable business which has an amazing amount of potential for growth. The business is spread over three floors and comprises of a first class restaurant with an outdoor terrace on the first floor, a cafe ice cream take away on the ground floor and a roof terrace cafe which currently hosts outdoor cinema events. The property and the business is one of the crown jewels within the Vale of Glamorgan and is highly regarded. The possibilities for expansion and growth are exceptional.
GROSS TURNOVER 2015 £366,593 2016 £401,515

Located within the highly sought after seaside town of Penarth with its first class schools and transport links. The business is located directly on the seafront and has spectacular panoramic sea views from every level. There is visitors parking outside and disabled access. The business is being sold as an on-going concern and represents an incredible opportunity. Lease has been extended to 125 years. Rent is £20,000 per year, 25 year rent review, lease holder is the council and they are responsible for the building. There is a shared wall agreement at the back which the council have the insurance on. The lease also is able to sub let.


  • Amazing opportunity
  • Highly regarded
  • Disabled access
  • Established business
  • Panoramic sea views

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Ground Floor

Cafe/ Ice cream parlour

A superb addition to the business in the ground floor coffee shop, café and ice cream parlour. With level pavement access and outdoor seating this part of the business is a little gem. There are substantial storage areas either side of the café which could be potentially developed to provide a significant amount of additional seating.

First Floor

Resturant

The first floor restaurant and bar has covers for up to 60 and has been refurbished to a very high standard. There is indoor dining as well as out door dining on the veranda. The restaurant has a professional kitchen, a dumb waiter to serve the other floors and male and female toilets. There is excellent potential for growth and expansion of this award winning fine dining restaurant. Sit back relax and enjoy fine dining whilst looking out over the water.

Veranda

A fabulous Victorian veranda which can seat up to 35 customers. Boasting panoramic views and being covered and surrounded by lush tropical gardens this is a wonderful place to sit and enjoy outdoor dining.

Second Floor

Outdoor cafe

This fabulous area is currently used as an outdoor cinema event and has its own kitchen which also has a dumb waiter to and from the first floor kitchen. There is significant potential for growth and development of the roof top area. The possibilities here are endless due to the location the size of the area and the panoramic views. This area could be used to hold wedding parties, outdoor restaurant, roof top bar the possibilities are endless.