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Leasehold Cafe Restaurant Located In Truro City Centre For Sale

Truro, Cornwall, UK
Asking Price:
£89,950 Furniture / Fixtures included
Turnover:
£546,000
Net Profit:
Available on request

Leasehold Café & Restaurant (Licensed) Located In Truro City Centre. Two sites are located on both sides of River Street. Multi-Award Winning. Extremely Successful. No. 20 is available on its own for £59,950.

This is a unique opportunity to buy the busiest independent café/restaurant in the centre of Cornwall’s capital city, Truro. There has been a cafe on this site for over 30 years and the business has been in the careful hands of our client for nearly five. They are now offering the business for sale so that others can take it forward with new perspectives and ideas.
Bread & Butter is owner-operated with the help of 8–11 (depending on time of year) full-time equivalent team members. For the year ending January 31, 2023, it posted an annual turnover of £546k, with further growth seen since then.
The business is unique as it has two different outlets on both sides of River St. One side serves breakfast, brunch & lunch, either in a cosy dining room or in the hugely popular decked garden with covered booths. Being one of the few places in Truro with outside seating, it is busy all-year round. Opposite is the takeaway & shop, serving pastries, cakes, toasted sourdough sandwiches and lunches as well as lovely Boujie gifts and foods to take home.
Experience has shown further potential to increase trade by opening in the evenings, which has been tested on Friday nights over the summer this year to great success. The business enjoys a very strong reputation locally and beyond for its high quality and has a high level of regular, repeat customers, along with many visiting tourists.

The business also has a strong online following (9k Instagram followers, 4k Facebook, 5k email addresses, 10k mobile users) and an accomplished website. There is also a growing online brownie-by-post operation. All of these add further potential and income streams to this business.
There has been continual investment in new equipment, fixtures, and fittings.
This is a unique opportunity to purchase an established business with multiple strands yet further growth potential—a great base to build on—so early viewing is highly recommended.

Property Information

Property:

Leasehold

Location:

This very successful café, restaurant, takeaway, shop & online business is in Truro city centre, situated on both side of the busy River Street.
Situated in a prominent and highly visible trading position near the county museum and a short distance from the theatre, Cathedral and shoppers’ car parks. Truro is a growing city and the retail, administrative, cultural, educational and professional hub of the county, with a string of high-street favourites, banks and independent retailers.

Premises Details:

No 20 – CAFÉ & RESTAURANT
Opening hours
Mon – Sat 9am – 3pm / Sun 10am – 1pm
Leasehold
New lease available
Remaining: 10 months
Rent: £12,000 pa
Rates: £1310 pa
EPC: tbc

GROUND FLOOR
Front of house (4.5m x 5.6m) with direct access from the street, and a large window.
Granite sales counter, 2 x upright glass fronted fridges (Polar), ice making machine (Polar), various shelves, under counter fridge (Beko), under counter freezer (Fridgemaster), espresso coffee machine (Astoria), coffee grinder (rented), electronic till with iPad electric water heater, dual sink with directional hose, handwash sink, commercial microwave (Buffalo), microwave (Daewoo), griddle (Cougar), panini press (Buffalo) and commercial extraction.
Dishwash area (1.3m x 1.2m) with commercial 3-minute dishwasher (Classeq) and various shelves.
Toilet (1.2m x 1.0m) with WC and wash basin.
Decked garden (7.2mx 5.9m) the crowning jewel of this café, one of the few places in Truro to eat outside and popular all year round.
5-6 covered booths (two heated) with cushioned seating and granite or wooden tables. 24 covers and lots of plants.
Dishwash area (1.3m x 1.2m) with dishwasher (Class EQ) and various shelves.
Toilet (1.2m x 1.0m) with WC and wash basin.

FIRST FLOOR
Dining room (5.9m x 3.8m).
The owners often hear customers describing this area as ‘cute’ when they enter. With 17 covers currently, but potential for more.
Globe ceiling lights, various tables & chairs, various wall mounted mirrors, various pictures and bench seating, cushions, console table, child seats, various lights and artefacts.

SECOND FLOOR
Prep kitchen (5.6m x 2.3m) This functional kitchen produces food for both sites, in batches to be finished and served front of house.
Two built-in ovens (Bosch), movable air-con unit, dishwasher (Bosch), sink with directional hose, various shelves, electric water heater, 2 x commercial upright fridges (Polar), 2 x undercounter freezers (Lec), various white work surfaces, various kitchen utensils and hand wash basin.
Dry stores (2.1m x 1.3m) with various shelves and window.
Apartment / office (3.5m x 4.0m). Currently used as an office, staff room & store room, but previously as an apartment.
Shower-room (1.3m x 3.1m) wash basin, shower and w/c.
Kitchen (3.1 x 1.3) currently used as additional prep-kitchen space, but previously as kitchen for the apartment. Work surface with sink, upright fridge (A-Class), tumble dryer and washing machine.

No 24 – TAKEAWAY & SHOP
Opening hours Mon – Sat 8.30am – 3pm
Leasehold
Original term: 6 years
Remaining: 4 ½ years
Rent: £14,004 pa
Rateable value: £1271pa
EPC Rating D

GROUND FLOOR
Takeaway (6.1m x 5.2m). There is a full width window providing fantastic display-space. The current owners use this to create a magnificent display of cakes and pastries which makes people stop and gawp as they walk past! Newly renovated as a modern speciality coffee shop in 2021, this is a popular stop for people walking into town from the station and car parks, and as a coffee-stop for the nearby County Court and local offices.
Glass display chiller, hot food holding cabinet, marble sales counter, electronic till with iPad, espresso coffee machine (La Marzocco (leased)), coffee grinder (rented), upright drinks fridge (Sterling Pro), movable air-con unit, upright freezer (Electra), various bespoke shelves made in birchwood ply, 2 tables with seating for (8), 2 x commercial microwaves (Buffalo), panini press (Buffalo), 2 x under counter fridges (Fridgemaster), 2 x undercounter fridges (Polar), sink with directional hose and smoothie blender.
Storeroom (4.0m x 2.2m) with kitchen wall & base units and various shelves.
W/C with wash basin.

Business Operation

Years established:
30 years