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Shop for sale

Fore Street, Lostwithiel, Cornwall, PL22

Sold STC £55,000

Property Description

Key features

  • In prime trading position in this sought after town on the River Fowey
  • Immaculately finished and presented
  • A popular business with additional services including outside catering

Full description

Tenure: Leasehold

The business has a primary location in the busy Fore Street of the town. Lostwithiel is renowned for its range of antique and curio shops, good restaurants and public houses and an excellent range of local shopping. The town is located on the lowest bridging point of the River Fowey with its historic Norman bridge and also has a mainline railway station linking Paddington to Penzance with regular stops for the commuter for Liskeard, Truro, Bodmin and St Austell.

These comprise a ground floor leasehold lock-up shop of about 180 sq ft and shares a hallway to one side with first floor residential accommodation. On the right hand side is the well fitted kitchen and just to the rear a preparation room and adjoining cloakroom and w.c.

The premises are currently held on a three year lease with about one year remaining at a current rent of £7,620 per annum. The landlords are happy to grant a new lease to an incoming purchaser subject to terms to be agreed and also subject to the usual bank and trade references.

Our clients acquired the business about five years ago and have continued to maintain the high standard of finishes, fittings and equipment. The business is offered for sale comprehensively equipped to include all trade fixtures, fittings and equipment and subject to a trade inventory with the exception of personal items.

This is a very successful delicatessen which was originally established by the previous owners in 2009 to offer a wide variety of quality foods from all local producers as our clients say, whilst this is not set up as a cafe, nevertheless they like nothing better than people to sit at a table for two (or four if you count the window ledge) and enjoy probably the best coffee in town. The business is also well known for its range of handmade Cornish as well continental cheeses, a wide range of excellent charcuterie and cold meats, artisan breads, a good selection of food to take away including vegetarian products, large quiches and others. The business is also well known for its Friday pizzas, a sought after specialist item within the town. There is also a good stock of specialist wines and beers including many from local suppliers.

Outside catering is an ever increasing part of the business with parties, weddings, birthdays and funerals and finally gifts ranging from those in Jute bags to larger hampers holding a comprehensive range of foods.

Opening hours are six days a week from 10:00am to 2:00pm on Mondays; 10:00am to 4:00pm Tuesday to Thursday; 10:00am to 10:00pm Friday and 10:00am to 4:00pm Saturday.

The business has an off licence for sales of wines, beers and ciders.

Turnover for the year ended 30th September 2015 is just over £83,000 and the business is easily run by the proprietors together with occasional part time staff.

This briefly comprises:

13'6" x 13'3"
Fully furnished and equipped with a central refrigerated cheese display counter, also extensive contemporary style shelving, a commercial coffee machine, meat slicer and a large display window with folding external awning above.

13' x 9'6"
With range of equipment including a King refrigerator with top service counter, commercial oven, two pizza cookers, Velox hotplate, contact grill and stainless steel working surfaces and shelving.

8'3" x 7

More information from this agent

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