3 bedroom detached house for sale

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3 bedroom detached house for sale

TA13
£650,000

Our Summary

  • We understand from our clients that the annual net turnover is in the region of £150,000 and there is scope to improve this significantly by opening the restaurant for more days each week

Description

New Farm Restaurant, an award-winning business in Southwest England, has been operating on a reduced schedule of three days a week since the COVID-19 pandemic. Prior to the pandemic, the restaurant was open six days a week. The business has 25% of its revenue from 25 charming letting rooms, which are booked by locals, wedding guests, and tourists. The rooms are occupied 56% of the time, with rates ranging from £85 to £105 per night. The annual net turnover is approximately £150,000, leaving room for significant improvement by increasing the number of operating days.