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Cafe for sale

Market Place, Penzance, Cornwall, TR18

£9,500

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops and A3 Restaurants and Cafes

Key features

  • Well established
  • Prominent location
  • Easy to operate
  • Low overheads

Full description

Tenure: Leasehold

Café, Coffee Shop & Tea Rooms In Penzance For Sale
Ref 2021

Location

This delightful Café, Coffee Shop & Tea Rooms is located in the historic picturesque costal town of Penzance which is in South West Cornwall. The Cornish Café boasts a prominent secondary position just a short stroll from the main town

Business information

Asking Price: £9,950 plus SAV
Turnover: £36,684 pa
GP: 74%
Stock: £600

Leasehold

Original term: 6 years
Remaining: 6 months
Rent: £11,500 pa
Rates: £3,639 (free next year)

Business Description

Veritas Business Sales are delighted to offer for sale this respected Café, Coffee Shop & Tea Rooms concern which is located in Penzance. The business has been established for 15 years and has been in the careful hand of my client for the last 6 years and is reluctantly being offered for sale but they now feel it's time to enjoy a well deserved retirement. Since ownership they have 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 and only requires the occasional part time helper and has an annual turnover of £36,684 with a GP of 74%. They serve specialist teas & coffees , sandwiches, panini's, jacket potatoes, and daily specials which are all prepared on site using only the freshest produce. We believe that there is further potential to increase trade by opening on Sundays and extending on the current opening times. 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 business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Monday - Saturday - 9.00am - 4.00pm
Sunday - Closed

Ground Floor

Café comprising: seating for (18), sales counter with cash register, serve over chilled counter, espresso coffee machine (Fracino), coffee grinder (Fracino), sink drainer, storage shelving, 2 ring electric stove, 2 x commercial microwaves (Kenwood), 1 x commercial microwave (Panasonic), 1 x commercial microwave (Daewoo), griddle (Buffalo), double hotplate (Buffalo), panini machine (Buffalo), toaster (Phillips), under counter freezer, under counter stainless steel 3 door freezer unit, 2 door fridge unit, sandwich toaster, under counter fridge (Beko), freezer, blender/juicer (JTC) and kettle.

First floor

Storage area

Second floor

Storage area

External

Part covered side seating area for (16)
W/C and wash basin


The property benefits from a heater and an air conditioned unit.





Map & Street View

Disclaimer - Property reference 2021. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Solihull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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