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Cafe for sale

The Peppercorn Cafe, Lynfield Yard, Perranuthnoe

Sold STC £79,950

Property Description

Full description

A rare opportunity in this sought after Coastal Village. Peppercorn Cage (built 2010) is a well presented daytime coastal licensed cafe extensive outside seating. The business has a secure renewable lease and consistent turnover and profits. Viewing recommended.

COASTAL LICENSED DAYTIME CAFE (70 COVER)
WELL PRESENTED AND EQUIPPED
LONG SECURE LEASE
CONSISTENT TRADE AND PROFITS
RARE VILLAGE OPPORTUNITY
EPC RATING D

Location - Peppercorn Cafe is situated in a small former Farm Yard, known as Lynfield Yard, which houses a collection of small businesses, including, gift, art and of course Licensed catering. The yard is a short stroll from the beautiful beach at Perranuthnoe, which is also on the SW Coast Path and is bounded by fields. Perranuthnoe is situated in West Cornwall, to the east of Penzance and is an area which is widely regarded as a beautiful place to live and work. Business opportunities in this attractive coastal village are rare.

The Property - We understand the Cafe was purpose built in 2010, is single storey and has the design benefit of a vaulted ceiling, giving a feeling of space and light. It is considered the business may benefit from a side Conservatory extension, to make the most of the Countryside and far-reaching coast path and sea views. As a relatively modern property, the building is presented in very good order both internally and externally.

The Business - The Peppercorn Cafe has been trading since 2010 and has been in our clients tenure since February 2016, who are now selling due to other commitments away from this sector. The business trades all year (with some closure over Christmas and New Year) and is principally run by our two clients with some part time seasonal assistance. The business trades as a Licensed daytime cafe and operates 6 days per week (closed mondays), extending to 7 days in the peak summer season. The Alcohol licence is from 10 am to 11 pm (advised) and therefore there is scope for evening opening / events.

We are advised the turnover is in the region of £72,000 pa (no VAT applicable), which has an operating Gross Profit level as a percentage of 71% and which after all overheads produces an adjusted net profit attributable to our clients in the region of £30,000. Further accounting information will be made available to interested parties following a viewing. Further information regarding our clients business can be seen via their website www.peppercorncafeweebly.com



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

Cafe Entrance - 2.65m x 2.60m. An attractive entrance to the property with a slate floor, vaulted ceiling with skylight and door to combined Ladies / Gents / Disabled WC (with low level WC, wash hand basin and window to rear elevation).

Cafe - 4.93m x 4.87m. A very well presented and light and airy room which has a vaulted ceiling, two skylights, windows and door to two elevations which afford views over the courtyard and surrounding fields. Multi-fuel burner in one corner. Tables and chairs and bench seating for c. 26 covers. Wall spotlights. Built in wooden counter for display of cakes etc and with electronic cash register and Fracino 2 head Coffee machine with separate Fracino grinder.

Kitchen - 4.78m x 2.23m. A very well equipped commercial kitchen with slate floor and wipeable plastic walls. Principal cooking equipment includes a Moreno 6 rings gas cooker with double oven, 2 vent extraction system over, Blue Seal eye level grill, Blue Seal commercial combination oven, Infrico stainless steel salad bench and storage unit. Sink area and dishwasher.

Storage Shed - Adjacent to the kitchen (via external door) is a useful shed which houses some dry goods, bread / cake mixer, under counter fridge and under counter freezer.

Outside - To the side of the property is a terraced and lawned area with 12 trestle tables, which take in varied views across working agricultural land, the inner Yard, the coast path and towards the sea.

General Information - LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Tenure - Leasehold : The property is Leased (from a Private Landlord) which commenced February 2016 for an initial term of 10 years, with a current passing rental of £12,000 pa, with a 3 year rent review pattern, on a full repairing and insuring basis. The Lease has the Security of Tenure Provision Included, i.e. The Lease is automatically renewable at the end of the initial term, subject to Landlords Consent.

Premises Licence - We are advised the business currently holds a relevant Premises Licence for the sale of intoxicating liquor on the premises and within the curtilage of the business, i.e. the outside seating areas.

Energy Performance Certificate - The Energy Performance Rating for this property is within Band D.

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 government website https://www.tax.service.gov.uk/view-my-valuation/search.

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.

Finance - If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information - For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Beverley Northey on 01872 247031 or via email bn@miller-commercial.co.uk

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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Energy Performance Certificates (EPCs)

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