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Cafe for sale

Pea Souk, 19c, Well Lane, Falmouth, Cornwall

£32,950

Property Description

Key features

  • WELL ESTABLISHED VEGETARIAN & VEGAN CAFE IN POPULAR HARBOURSIDE TOWN
  • ECLECTIC DECOR WITH 18 - 20 COVERS
  • IDEAL HUSBAND & WIFE BUSINESS
  • ASSIGNMENT OF EXISTING LEASE
  • EPC (E)

Full description

A Popular Vegan and Vegetarian Cafe in the heart of the popular harbour side town of Falmouth.

Location - Pea Souk is situated on Well Lane, just off the main thoroughfare through the thriving harbourside town of Falmouth. Located on Cornwall's south coast, Falmouth is a busy University town, famous for its harbour, sandy beaches and wide variety of bars, restaurants and niche retailers.

The Property - Extending to approximately 275 sqft, Pea Souk comprises an eclectic cafe area with 18 to 20 covers, customer wc, kitchen and small rear courtyard with storage shed.

The Business - During her 10 year tenure, our client has built up an enviable reputation, both locally and nationally, for excellent vegetarian and vegan fare, trading all year round with extended opening during the summer season and a popular monthly supper club. The cafe also offers private parties and is a familiar face at many local food festivals.

Trading accounts for the year ending April 2017 show sales of £69,796 with a 64% gross profit margin. Further accounting information will be made available to interested parties, following a viewing, in the normal manner.

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

Main Cafe - 5.12m x 3.39m. With a large picture window to the front elevation and a range of built in and free standing tables and chairs, free standing glass display chiller, 2 spout coffee machine, grinder, electric till, undercounter fridge, glass fronted undercounter bottle fridge. Access to:-

Rear Lobby - Access to:-

Customer Wc -

Wash Up Area -

Kitchen - 2.09m x 1.70m. 4 ring gas range with electric oven, Buffalo double grill, undercounter fridge, range of shelving, window to rear, door to:-

Rear Courtyard - A small decked courtyard with storage shed housing an upright fridge and upright freezer.

Tenure - The business is being offered for sale by way of the assignment of the existing 10 year lease which commenced on 2nd April 2012 at a passing rental of £7,750 per annum. The Lease is to be included within the Security of Tenure Provisions of the Landlord & Tenant Act 1954 Part II Sections 24-28.

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

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

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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