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Cafe for sale

Rumbling Tum, 48, Church Street, Falmouth

£49,950

Property Description

Key features

  • WELL KNOWN LICENSED DAYTIME CAFE
  • DINING AREA FOR CIRCA 24 COVERS
  • WELL EQUIPPED COMMERCIAL KITCHEN
  • REMAINDER OF LONG LEASE
  • CONSISTENT TURNOVER & PROFIT

Full description

A licensed daytime cafe with circa 24 covers in the popular harbourside town of Falmouth on the south coast of Cornwall.

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



The Rumbling Tum is located on an historic slipway connecting Church Street and the inner harbour of Falmouth and indeed the principal car park and is therefore a very popular thoroughfare and enjoys high degrees of pedestrian footfall.



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





The Property/Business - The business occupies the lower ground floor of a commercial premises and as previously mentioned is accessed off a popular thoroughfare and comprises a well presented dining area and well equipped commercial kitchen.



We understand the business has been operated by our clients for the past circa 8 years, trades all year round (with the exception of taking some holidays) and opens between 10am to 3pm six days a week, extending to seven days a week in the summer and whilst it receives an uplift in the principal holiday season, does have a wide local following. We are advised the business currently has an alcohol Licence, to be served when taken with food.



Obviously, as the premises have a relevant alcohol Licence, there is the potential to open in the evenings, should an interested party so wish.



We are advised the turnover for the year end March 2015 showed sales of £77,605, with a gross profit level of 64.5% and an adjusted net profit of £35,807 (after deducting all normal overheads and wages of £7,284). Further accounting information will be made available subject to a viewing appointment in the normal manner.



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



Dining Area - 5.21m x 3.94m. Door and window to side elevation. Well presented area with carpeted floor, inset down lighters, wall mounted sound system and table and chairs for circa 24 covers.



Reception/Serving Area - 3.61m x 2.10m. With serving counter, San Marco 2 head coffee machine with separate grinder, electronic cash till etc.



Kitchen - 4.98m x 4.03m. Windows to side elevation, tiled floor. Principal equipment includes a Lincat hotplate (with extraction system over), two double fryers, stainless steel freezer counter unit, commercial oven and commercial microwaves. Various upright fridge/freezers.





Tenure - We are advised the business is held with the remainder of a 20 year Lease commenced 5th June 2007 at a current passing rental of £5,750 per annum, with a 3 year rent review, held on an internal repairing and insuring basis, with the exception of the decoration of the external windows. We are advised the Lease enjoys the Security of Tenure provision of the Landlord and Tenant Act, i.e., meaning being automatically renewable at the end of the initial term.



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 or



Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.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.



Premises Licence - We are advised the premises currently holds a relevant Premises Licence in respect of the sale of intoxicating liquor on the premises to be taken with a meal.



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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