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Leasehold Cafe & Restaurant, River Street, Truro, Cornwall, TR1 2SQ

Guide Price
£124,950

Business rates & charges may apply

VERITAS BUSINESS SALES LTD, South West
SIZE

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SECTOR

Cafe for sale

USE CLASSUse class orders: A3 Restaurants and Cafes and A5 Hot Food Take away

A3, A5

Key features

  • Leasehold Cafe & Restaurant
  • Prominent City Centre Position
  • Further Potential
  • Very Busy Holiday Destination
  • Licensed
  • Two Sites
  • Offers Accepted

Description

Ref 2905
Leasehold Asking Price £124,950
Offers Accepted

THE LOCATION
This very successful café, restaurant, takeaway, shop & online business is in Truro city centre, situated on both side of the busy River Street.
Situated in a prominent and highly visible trading position near the county museum and a short distance from the theatre, Cathedral and shoppers' car parks. Truro is a growing city and the retail, administrative, cultural, educational and professional hub of the county, with a string of high-street favourites, banks and independent retailers.

THE BUSINESS
This is a unique opportunity to buy the busiest independent café/restaurant in the centre of Cornwall's capital city, Truro. There has been a cafe on this site for over 30 years and the business has been in the careful hands of our client for nearly five. They are now offering the business for sale so that others can take it forward with new perspectives and ideas.
Bread & Butter is owner-operated with the help of 8-11 (depending on time of year) full-time equivalent team members. For the year ending 31 Jan 2023 it posted an annual turnover of £546k, with further growth seen since then.
The business is unique as it has two different outlets on both sides of River St. One side serves breakfast, brunch & lunch, either in a cosy dining room or in the hugely popular decked garden with covered booths. Being one of the few places in Truro wit outside seating, it is busy all-year round. Opposite is the takeaway & shop, serving pastries, cakes, toasted sourdough sandwiches and lunches as well as lovely boujie gifts and foods to take home.
Experience has shown further potential to increase trade by opening in the evenings, which has been tested on Friday nights over the summer this year to great success. The business enjoys a very strong reputation locally and beyond for its high quality and has a high level of regular, repeat customers along with many visiting tourists.
The business also has a strong following online (9k Instagram followers, 4k Facebook, 5k email addresses, 10k mobile nose), and an accomplished website. There is also a growing online brownies-by-post operation. All of these add further potential and income streams to this business.
There has been continual investment in new equipment, fixtures and fittings.
This is a unique opportunity to purchase an established business with multiple strands yet further growth potential - a great base to build on so early viewing is highly recommended.

No 20 - CAFÉ & RESTAURANT
Opening hours
Mon - Sat - 9am - 3pm
Sun - 10am - 1pm

Leasehold
Original term: 10 years
Remaining: 10 months (extendable)
Rent: £12,000 pa
Rates: £1310 pa
EPC: tbc

GROUND FLOOR
Front of house (4.5m x 5.6m) with direct access from the street, and a large window.
Granite sales counter, 2 x upright glass fronted fridges (Polar), ice making machine (Polar), various shelves, under counter fridge (Beko), under counter freezer (Fridgemaster), espresso coffee machine (Astoria), coffee grinder (rented), electronic till with iPad electric water heater, dual sink with directional hose, handwash sink, commercial microwave (Buffalo), microwave (Daewoo), griddle (Cougar), panini press (Buffalo) and commercial extraction.
Dishwash area (1.3m x 1.2m) with commercial 3-minute dishwasher (Classeq) and various shelves.
Toilet (1.2m x 1.0m) with WC and wash basin.
Decked garden (7.2mx 5.9m) the crowning jewel of this café, one of the few places in Truro to eat outside and popular all year round.
5-6 covered booths (two heated) with cushioned seating and granite or wooden tables. 24 covers and lots of plants.
Dishwash area (1.3m x 1.2m) with dishwasher (Class EQ) and various shelves.
Toilet (1.2m x 1.0m) with WC and wash basin.

FIRST FLOOR
Dining room (5.9m x 3.8m).
The owners often hear customers describing this area as 'cute' when they enter. With 17 covers currently, but potential for more.
Globe ceiling lights, various tables & chairs, various wall mounted mirrors, various pictures and bench seating, cushions, console table, child seats, various lights and artefacts.

SECOND FLOOR
Prep kitchen (5.6m x 2.3m) This functional kitchen produces food for both sites, in batches to be finished and served front of house.
Two built-in ovens (Bosch), movable air-con unit, dishwasher (Bosch), sink with directional hose, various shelves, electric water heater, 2 x commercial upright fridges (Polar), 2 x undercounter freezers (Lec), various white work surfaces, various kitchen utensils and hand wash basin.
Dry stores (2.1m x 1.3m) with various shelves and window.
Apartment / office (3.5m x 4.0m). Currently used as an office, staff room & store room, but previously as an apartment.
Shower-room (1.3m x 3.1m) wash basin, shower and w/c.
Kitchen (3.1 x 1.3) currently used as additional prep-kitchen space, but previously as kitchen for the apartment. Work surface with sink, upright fridge (A-Class), tumble dryer and washing machine.

No 24 - TAKEAWAY & SHOP
Opening hours
Mon - Sat - 8.30am - 3pm

Leasehold
Original term: 6 years
Remaining: 4 ½ years
Rent: £14,004 pa
Rateable value: £1271pa
EPC Rating D


GROUND FLOOR
Takeaway (6.1m x 5.2m). There is a full width window providing fantastic display-space. The current owners use this to create a magnificent display of cakes and pastries which makes people stop and gawp as they walk past! Newly renovated as a modern speciality coffee shop in 2021, this is a popular stop for people walking into town from the station and car parks, and as a coffee-stop for the nearby County Court and local offices.
Glass display chiller, hot food holding cabinet, marble sales counter, electronic till with iPad, espresso coffee machine (La Marzocco (leased)), coffee grinder (rented), upright drinks fridge (Sterling Pro), movable air-con unit, upright freezer (Electra), various bespoke shelves made in birchwood ply, 2 tables with seating for (8), 2 x commercial microwaves (Buffalo), panini press (Buffalo), 2 x under counter fridges (Fridgemaster), 2 x undercounter fridges (Polar), sink with directional hose and smoothie blender.
Storeroom (4.0m x 2.2m) with kitchen wall & base units and various shelves.
W/C with wash basin.

Leasehold Cafe & Restaurant, River Street, Truro, Cornwall, TR1 2SQ

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Truro Station0.4 miles
  • Perranwell Station4.2 miles

About VERITAS BUSINESS SALES LTD, South West

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

Veritas Business sales boasts over 15 years’ experience in Business sales, Acquisitions, and Commercial property sales. Whether you are selling a coffee shop in the Midlands, Public house in Wales or a Hotel in Cornwall we can help you with your exit strategy. We have a network of Consultants across the UK so choosing an agent that understands your business and the benefits of its location, means we can strategically present your concern to a focused audience.

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Disclaimer - Property reference 2905. 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, South West. 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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