An ideal lock up seasonal business in the Cornwall gem of St Ives. Olive's Cafe is available to the open market for the first time in 15 years and offers a new owner the opportunity to expand and diversify if desired, or to carry on with trade as it is and enjoy a new lifestyle business.
- Asking Price:
- £80,000 Furniture / Fixtures and Inventory / Stock included
- Turnover:
- £50K - £100K
- Net Profit:
- Under £50K
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
The business is available by way of an assignment of the existing lease which commenced in 2024 for a 10 year term at an annual rent of £7,800.
- Leasehold Rent:
-
£7,800 per annum
- Location:
-
Olives Cafe is situated on the Island in St Ives, snuggled between Porthmeor Beach and Porthgwidden Beach.
The area is more laid back than the rest of the town and has plenty of galleries and art studios to explore at leisure with Blue Bramble Gallery right next door. The infamous St Ives School of Painting and Porthmeor Studios, are only a few minutes walk away, with the Tate a couple of minutes further along.
Business Operation
- Management type:
- This business is owner operated.
- Trading hours:
-
The cafe operates from a 300 year old building with standard opening hours 10:30 - 16:00. Our client has owned the business since 2010, whilst we understand that a cafe has been trading in some form since 1939. Olive's boasts 4.5 stars on Trip Advisor and is in the Top 10 cafes in St Ives, an impressive feat given the variety of offerings in the town. The cafe has 20 covers inside and 14 outside. Accounts are available on request, and the current turnover is c.£80,000 PA.
- Employees:
- 2
