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Cafe & Coffee Shop In Penryn For Sale

Penryn, Cornwall
Asking Price:
£29,950 Furniture / Fixtures included
Turnover:
£71,171
Net Profit:
Available on request

Veritas Business Sales are delighted to offer for sale this respected Café business which is located in the very popular harbour town of Penryn near Falmouth. The premises has been a restaurant/cafe of some kind for over 27 years and has been in the careful hand of my clients for the last 7 years. Reluctantly the business is being offered for sale due to other business commitments. Since ownership they have 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 business is currently operated by staff members and employs the help of 1 full time and 4 part time members of staff and has an annual turnover of £79,171 net of vat. Earth and Water Cafe serves a fine range of fresh salads, hand cut sandwiches, freshly cooked pasties and a selection of hot and cold drinks where they are well known for their fantastic coffee. All fair is freshly prepared to order on site using only the freshest produce. We believe that the business would thrive by having an owner operator to hand and there is further potential to increase trade by opening on Sundays and extending upon the current opening times, especially into the evenings at weekends in the summer months. The business 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 as this business is not to be missed.

Property information

Property:

Leasehold

Lease Terms:

Original term: 5 years
Remaining: 4 years 6 months
Rent: £3,850 pa
Rates: Zero

Leasehold Rent:

£3,850 per annum

Location:

This delightful business is located in Penryn which is one of Cornwall’s most ancient towns and boasts a wealth of history. Penryn has retained a large amount of its heritage and has been designated as an important conservation area. Within one mile you will find the vibrant town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. It has recently been voted as one of the most desirable places to live in the UK.

Premises Details:

Ground Floor

Restaurant/café comprising: 5 tables with chairs, two seater settee in the window with coffee table, espresso coffee machine (La Paziale), Pastry oven (Kuk), chiller cabinet (Blizzard), sandwich grill (Buffalo), blender, sink with draining board, side table, serving counter with electronic cash register, 2 pine shelving units, chilled food display unit, shelving unit, various blackboards and pictures.
W/C with wash basin and various shelves.
Store room with shelving, 2 chest freezers and 2 metal frame stands.

Business Operation

Expansion Potential:

Scope for longer opening times and Sundays

Reasons for selling:

Other business interests

Trading hours:

Monday – Saturday – 8.30am – 5.00pm
Sunday – closed

Employees:
1 full time & 4 part time
Years established:
27 years

Other Information

Inventory / Stock value:
£2,000

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