Paul Feasey, and an Active Hospitality Solutions Associate, purchased the Pier Point Restaurant in Torquay in 2007 when its turnover was £195K and losses in excess of £35k pa. (www.pier-point.co.uk). After refurbishment, and a new and improved quality offering, together with professional management, Pier Point increased turnover to £480k in the first 12 months and generated net profits after finance and depreciation of £55k. In 2015 it produced a net turnover in excess of £1m and continued to grow its turnover past £1.2m by 2019.
Pier Point has won several awards such as, Torbay Hour Best Integrated Social Media award, Gold Winner in the Herald Express South Devon Tourism awards for Excellence in Customer Service as well as being a finalist in the Devon Life Awards for Best Family Restaurant.
We are delighted that in a sector of the hospitality business where independent Restaurants and Bars typically struggle that we are able to demonstrate that even in this tough economic market that we can deliver growth on turnover and profits whilst still delivering a quality offering to our patrons.
In 2019 Pier Point was sold having been approached by an operator very keen to acquire this very busy and very successful site.