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Cafe for sale

De Wynns, 55, Church Street, Falmouth

Sold STC £89,000

Property Description

Key features

  • ICONIC LICENSED DAYTIME COFFEE SHOP/CAFE (28 COVER)
  • LGF "DOG FRIENDLY" LOUNGE (10 COVER)
  • PROMINENT TRADING LOCATION IN HISTORIC HARBOUR TOWN
  • EXTREMELY WELL PRESENTED & EQUIPPED
  • CONSISTENT TRADE & PROFITS
  • FAVOURABLE LEASE TERMS
  • EPC (EXEMPT)

Full description

A very well known cafe and tearoom with much character in the centre of the busy Harbour Town of Falmouth. Genuine sale with long lease, well equipped and consistent turnover and profits. A rare opportunity.

Location - De Wynns is situated in Church Street in the vibrant harbour town of Falmouth, which is the principal pedestrian and vehicular thoroughfare through this beautiful town which has a number of national and niche retailers.

Falmouth has seen significant investment in recent years in commercial and residential infrastructure and also the Falmouth University, all of which has brought great prosperity and vibrancy to the town, which has been voted one of the most desirable places to live in the UK.

The Property/Business - De Wynns is both an iconic and indeed historic premises and business and is well known in the town, with an attractive bow multi pane window to the front, arranged over three floors with views to the rear of the harbour and is decorated and furnished to show off its historical integrity.

Arranged over three floors, one enters De Wynns at street level, entering the dining area, with stairs descending to De Wynns "dog friendly" lounge with chairs and settees providing seating for 10/12 guests, with kitchen and preparation room off and cloakrooms leading to the external parts, whilst from the ground floor stairs to the first floor kitchen.

We understand De Wynns has traded on this site since 1982 and has been in our clients tenure since 2003, which is now being sold due to impending retirement.

The business currently trades as a business daytime coffee house/caf serving a popular menu with home cooking and locally sourced produce. De Wynns offers breakfasts, sandwiches, light snacks and lunches, afternoon tea and variety of cakes, hot and cold soft drinks along with alcoholic beverages.

The business enjoys all year round trade with a boost during the summer months and in particular when the various events throughout the county take place.

The business trades from Monday to Saturday 10am through to 5pm, closing during the winter months at 4pm, extending to Sundays when various events are taking place.

Therefore, the turnover for the year end December 201 showed net sales of £166,712, producing a gross profit of 75% and an adjusted net profit of £59,880 (after deducting all normal overheads and indeed after wages of £28,540).

Further accounting information will be made available subsequent to a viewing appointment in the normal manner.

The Accommodation Comprises - (all areas and dimensions are approximate)

Coffee Shop - 10.76m x 4.89m. A very impressive and delightful room with multi pane bay window to front elevation and further multi pane window to the rear with views over the harbour. Wooden flooring and bench seating add to the charm of this room. Equipment includes undercounter drinks chillers, a serving station with dishwasher and two head Astoria coffee machine and separate grinder. Stainless steel wash up. Electronic cash register.

Stairs ascending to:-

Lower Ground Floor - 5.52m x 4.51m. With leather chairs and settees, coffee tables etc. Door through to storage area. Door through to further:-

Store/Freezer Room - 4.12m x 2.04m. Commercial non slip flooring, wipable walls, stainless steel drainer unit, work benches, upright fridge and upright freezer.

From inter-connecting inner hallway two wcs with pedestal wash hand basins.

From ground floor stairs ascending to:-

First Floor Kitchen - 4.64m x 3.37m. Window to rear elevation with views over the harbour, commercial non-slip flooring, four ring electric hob and two ring induction hob, with extraction system over.

Nb - Full detailed Inventory of all trade fixtures and fittings to be sold with the sale free of lease/lien available upon request.

Outside - With external access from the slipway to the rear of the property or from the lower ground floor access to the rear yard, with space for bins etc and also an outbuilding containing a tumble dryer and washing machine

1 car parking space at rear.

Tenure - Leasehold - 21 year Lease commenced November 2003, enjoying the Security of Tenure Provisions, i.e. Automatically renewable, on a full repairing and insuring basis (excluding the roof) at a current passing rental of £8,400 per annum, rising to £9,600 in November 2017, £10,800 in November 2019 and £12,000 in November 2021.

General Information -

Contact Details - For further information or an appointment to view please contact Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk

Energy Performance Certificate - Exempt

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Business Rates - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999



Stock - To be taken at valuation

Value Added Tax - All the above prices/rentals are quoted exclusive of VAT, where applicable.

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


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