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Leasehold Café Located In Newquay For Sale

Newquay, Cornwall, UK
Asking Price:
£119,950 Furniture / Fixtures included
Turnover:
£200,000
Net Profit:
£50K - £100K

Leasehold Cafe located in Newquay. Established and highly profitable concern.

Veritas Business Sales are delighted to offer for sale this outstanding Cafe which is located in the Cornish seaside town of Newquay. The business has been established for 50 years and has been in the careful hands of our clients for the past 27 years. Reluctantly the business is now being offered for sale so that our clients can enjoy a well deserved retirement.
Since ownership they have completely refurbished the premises and 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 owner operated with the help of 1 full time and 5 part time members of staff (depending on the time of year) and has an annual turnover of circa £200,000 with a high GP & net profit. They café serves a fine range of breakfasts, lunches, cream tea’s with home made scones & cakes (all made with fresh local ingredients), cold drinks, freshly made specialist coffee and fruit teas. The café has internal seating for (60) and external seating for (12). We believe that there is further potential to increase trade should you wish, by advertising to the many local businesses for lunch time deliveries during the out of season months. The business enjoys a very 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 gem is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

New lease available
Rent: £20,000 pa
Business rates: £8,900 pa

Leasehold Rent:

£20,000 per annum

Location:

This established Café is located within a busy parade of shops just off one of the main thoroughfare roads in Newquay town centre. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort - all wrapped up in the most fantastic coastal scenery.

Premises Details:

Ground Floor
Restaurant (10.7m x 6.1m) comprising: tables & chairs to cover (60), various menu boards, bench seating, various pictures, serving counter, electronic cash register, under counter fridge (Beko), chiller display unit and various shelves.
Gents W/C with wash basin.
Ladies W/C with wash basin
Storeroom (2.8m x 1.5m) comprising: upright fridge (Sterling), walk in freezer (2.8m x 1.5m) (Caravell), various shelves and oven (Blue Seal).
Kitchen (5.4m x 3.0m) comprising: wash basin, stainless steel prep table, food mixer (Kenwood), wash basin with drainer, under counter fridge (White Knight), 4 stainless steel microwaves (Sharp), 2 prep table, upright fridge (Williams), dual fryer (Falcon), single fryer (Valentine), griddle (Malibu), salamander grill (Blue Seal), plate warming oven (Dane), hot water dispenser (Instanta), expresso coffee machine (Francino), coffee machine (Nova) and various shelves.
Dry store (6.7m x 1.0m) with various shelves.
Pot wash area (2.2m x 3.4m) comprising: dish washer (Maid Aid), dual sink with drainer, upright chiller (Vest Frost), under counter fridge and microwave (Samsung).

External
Frontage with tables & chairs to cover (12)
EPC Rating B

Energy Performance Rating:
B

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Sunday – 8.00am – 5.00pm
(June – September)
Monday – Sunday – 8.00am – 9.00pm

Years established:
50 years

Other Information

Inventory / Stock value:
£500

Contact Information

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