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Leasehold Sea Front Café Bar/Takeaway In Portreath For Sale

Portreath, Cornwall, UK
Asking Price:
£324,950 Furniture / Fixtures included
Turnover:
£937,759
Net Profit:
£150,000

Leasehold Seafront Café Bar & Takeaway Located In Portreath. Fully Licensed and highly profitable.

Veritas Business Sales are delighted to offer for sale this well established prominently positioned Seafront Café Bar & Takeaway which is located in the seaside village of Portreath, Cornwall. The business has been established for over 50 years and has been in the careful hands of our clients for the past 4 years and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have totally refurbished, redecorated 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 8 full time and 8 part time members of staff (depending on the time of year) and has an annual turnover of £937,759 with a GP of £574,296 (61%) and producing very high profits. The Atlantic Cafe benefits from a fully licensed bar & restaurant and serves a fine selection of traditional cooked breakfasts, breakfast sandwiches, starters, homemade soups, light bites, fish & chips, burgers, snacks for the beach, condiments which can be accompanied with a selection of local draft beers, local wines and hot & cold drinks. All fayre is cooked to order using only the finest local ingredients.
We believe that there is further potential to increase trade should you wish by investing in a new state of the art website to enable click and collect and by joining the online delivery portals such as Just Eat & Deliveroo . 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 and highly profitable business which is a great base to build upon and as such early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 7 years
Remaining: 5 years
Rent: £38,000 pa
Rates: £9,662.85 pa

Location:

This outstanding and well respected Café Bar & Takeaway business is located close to the beach in the seaside village of Portreath, Cornwall. Portreath is a North coastal village nestled in a valley between imposing cliffs and is ideal for bathing and water sports because of its sheltered position. It's fine sandy beach makes it an ideal place to holiday and its harbour is an indicator of its impressive history. Within (2 miles) you have the A30 that provides easy access to the picturesque town of St Ives which is approximately (16 miles). Truro the hub of the county with its excellent shopping centre and independent schooling is approximately (15 miles).

Premises Details:

Ground Floor
Café (15.0m x 5.4m) comprising: 7 tables with chairs and bench seating with covers for (32), ice cream fridge, upright drinks fridge, 2 sales counter, 2 wicker chairs with settee and coffee table, wash basin, 2 x three door under counter drinks fridges, drinks blender (Caterlite), drinks blender (Hom-Geek), milk shake mixer (Hamilton Beach), various shelves, 2 x EPOS tablets with cash drawer, electronic cash register, bar equipment, espresso coffee machine (Conti), hot water dispenser, 2 x coffee grinders, music system and glass cake cabinet.
Restaurant (8.7m x 8.0m) comprising: feature log burner, 12 tables with chairs and bench seating with covers for (40), 2 x leather look settees with 2 coffee tables and 3 x children’s high chairs.
Gents W/C with wash basin, urinal and wall mounted mirror.
Ladies with 2 x W/C’s, wash basin and wall mounted mirror.
Kitchen (8.0m x 5.5m) comprising: 3 door chiller unit with salad bar (Polar), 2 x stainless steel prep tables, hot plate (Infernus), 3 basket deep fat fryer (Lotus), stainless steel fish fridge, extraction unit, commercial microwave (Maestroware), commercial microwave (Quattro), rational oven (Giork), 3 pan range (Mallinsons), 3 door chiller with granite work top (Polar), various stainless steel shelves, upright freezer (Polar), upright two door fridge (King), large stainless steel prep table, 2 x commercials sinks with drainers and directional hoses, dishwasher (Maidaid), stainless steel table with shelves, chest freezer, 3 door chiller unit (Polar), wash basin and fat filtration unit (Merlin).
Cellar (2.8m x 1.4m) with various shelves and the usual cellar requirements.
Storeroom (5.6m x 3.2m) with fridge freezer (Smeg), washing machine (Indesit), dryer (Candy), various shelves, desk and printer, 2 freezers.

External
Large patio area with 20 tables and chairs (mixture of patio tables and garden tables) with cover for (70). Rear yard with bottled gas storage area.

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement

Trading hours:

Winter
Monday – Sunday – 10:00am – 5.00pm
Summer
Monday – Sunday – 10.00am – 8.30pm

Years established:
50 years

Other Information

Inventory / Stock value:
£3,000