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Prominent Leasehold Coffee And Cake Shop In Newquay For Sale

Newquay, Cornwall, UK
Asking Price:
£99,995 Furniture / Fixtures included
Turnover:
£250,000
Net Profit:
Undisclosed

Leasehold Coffee & Cake Shop Located In Newquay. Prominent Town Centre Trading Position. Facebook Rating 5.0 & Google 4.8.

Veritas Business Sales are privileged to offer for sale this respected Coffee & Cake shop which is located in Newquay. The business was established by our clients 6 years ago and they are now reluctantly offering the business for sale to enjoy a well-deserved retirement due to unforeseen ill health. Since taking ownership they have undertaken a complete refurbishment 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. Koffi & Crowst is owner operated with the help of 1 part time staff member and 6 seasonal staff when required and has an annual turnover of circa £250,000. Turnover was down in a recent year due to the shop being closed due to ill health. They serve pasties, cakes, cream teas, breakfasts, freshly cut sandwiches, salads, lunches, barista coffee, cold drinks and they also have an ice cream kiosk. They offer locally sourced produce and gluten free items which has proven to be very popular with locals and holidaymakers alike.
We believe that there is potential to increase trade should you wish to do so as they do not currently open in the evenings despite large demand. The business already 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 a ready-made business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 6 years (new lease to be granted)
Remaining: ends September 2026
Rent: £14,000 pa
Business rates: £4,000 pa

Location:

This delightful Coffee & Cake shop is located in Newquay, Cornwall. Situated within a prominent and highly visible trading position on Fore Street which is one of the most central and historic streets in the heart of Newquay. It runs through the old town area near the harbour and forms part of the town centre's retail, hospitality, and tourism district. Being close to the harbour, beaches, and nightlife areas, the street experiences strong seasonal visitor traffic, particularly during spring and summer.

Premises Details:

Ground Floor
Preparation area comprising: Turbofan 32 oven with portable stand, Turbofan 35 oven with portable stand, portable cooling racks, 2 x upright freezers (Kenwood), upright freezer (Arctus), dual deep fat fryer, panini machine, 4 x upright fridges, 3 x microwaves, shelving, large food mixer (Vogue), various stainless steel prep tables, stainless steel sink drainer, chest freezer.
Main servery comprising: coffee machine (Selectron S40), coffee grinder (on loan), sales counter with EPOS till and cash drawer, sink, hot food display unit (Mefitrol), 2 x chilled display units (Mefitrol), chilled cake display unit, tables & chairs to cover (12), various pictures, retail sales & display shelving.
Ice cream kiosk with ice cream freezer (Marshfield Farm), storage units.
Staff room with a table, chairs and storage units.
WC with wash basin.

Energy Performance Rating:
D

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Retirement

Trading hours:

Monday – Friday – 09:30 – 16:00
Saturday – 09:30 – 17:00
Sunday – 09:30 – 17:00

Years established:
6 years

Other Information

Inventory / Stock value:
£1,500