Leasehold Cafe located in Penzance. External seating with stunning views over the harbour. Lifestyle business with further potential.
Veritas Business Sales are delighted to offer for sale this respected Restaurant/Cafe which overlooks the harbour in Penzance and is just a short distance from both the centre of town and the Scillonian Ferry terminal. The business has been established for over 30 years and has been in the careful hands of our clients for the past 6 years and is reluctantly being offered for sale so they can enjoy a well deserved retirement.
Since ownership they have continually refurbished and 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. Harbourside cafe is owner operated and employs the help of 3 part time members of staff and has an annual turnover of £73,383 with a GP of £47,152 (64.3%). The business serves a fine range of homemade cakes, scones, cream teas, milkshakes, soft drinks, freshly made specialist coffee, breakfast tea, fruit teas along with a breakfast & lunchtime menu. All meals are freshly prepared to order on site using only the finest local produce.
We believe that there is further potential to increase trade should you wish as our client currently operates this at a gentle pace to suit themselves and chooses to trade below the VAT threshold. There is also an opportunity to open in the evenings and maybe add fish & chips to the menu which has proved very popular in the past. 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 new visiting tourists. This is a superb opportunity to purchase an established lifestyle 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.