Mr Billy's Cafe & Tea Room, Market Place, Penzance.

This is an exciting opportunity to acquire an established Leasehold Cafe/Tea room in the heart of the popular coastal Town of Penzance. The business is being offered for sale by way of an assignment of the existing 21 year lease, which commenced on 22nd February 2012 at a current passing rental of £1,000 pcm. 

Mr Billy's is a much loved business within Penzance that enjoys consistent year round trade, from local residents and holiday makers alike. Our clients offer a wide selection of hot and cold beverages, with a particular focus on their range of over thirty teas (which you can also buy) covering the six categories of Green, White, Yellow, Oolong, Black and Puerh and various fruit and flavoured tissanes such as Blackcurrant and Hibiscus, Lemon Verbena and Peppermint. All are served in an appropriate glass tea pot or in the case of Moroccan Mint a Silver Turkish teapot and Moroccan tea glasses. 

An excellent selection of food is served daily, with Breakfast being served from 9.30am - 11.00am Monday -Saturday and a comprehensive Lunch menu being available from 11am - 3pm on weekdays & 11am - 2.30pm on Saturdays.

Our clients have a small retail area within the premises, where customers are able to purchase a wide range of fine loose leaf teas from India, China & Sri Lanka and the famous Tregothnan Estate, near Truro. They also sell a range of arabica coffee beans and accessories, including coffee pots, teapots & cafetieres. 

Through choice our clients are currently trading 5 days a week from 9.30am - 4.30 pm, and are closed on Thursdays & Sundays, there is in our opinion, tremendous scope for growing the business by extending the opening hours and number of trading days, along with promoting the retail side of the business through social media & e-commerce.  

Our clients have owned and operated the business for the past 13 years as a husband and wife team with the assistance of part time employees and the business is now being offered for sale owing to their wish to retire.

 Property Description/Overview (Please see attached Floor Plan & Virtual Tour)

These delightful ground floor premises extend to circa 1,140 sqft in total, with a spacious customer seating area boasting circa 30 covers, a mixture of period, oriental, and contemporary furnishings, electric wall mounted heaters, Tiffany style lampshades and areas of wood flooring. In the corner of this room is the service counter with an astoria coffee machine, cash register, under counter fridge, bottle fridge, display shelving, sink and drainer and a wall mounted water heater. In addition to the aforementioned, there is a small area within the cafe dedicated to the retail side of the business with a counter, scales, coffee grinder and display shelving. 

To the rear of the premises is a well equipped commercial kitchen, comprising in brief;- stainless steel tables, adjustable shelving, electric oven, 2 x wall mounted grills, double sink and drainer, wash hand basin, extractor canopy, table top fryers, double upright fridge, extraction canopy and a storage area with shelving and an upright freezer. 

The property also has a customer/staff toilet and an external bin storage area.

General Information

The information provided in this listing, including any details relating to material facts, is offered in good faith and to the best of our knowledge. However, purchasers are strongly advised to satisfy themselves as to the accuracy of any information provided, as these details are not to be relied upon.

We recommend that all information—particularly relating to boundaries, tenure, planning, covenants, and other legal matters—be verified by your solicitor upon the commencement of a sale.

Please note, we do not act in the capacity of a Chartered Surveyor. Any comments regarding the construction, condition, or structure of the property are assumptions and should not be treated as statements of fact. We strongly advise that an independent surveyor be instructed to carry out a full inspection for confirmation of these details.

Measurements are approximate and for guidance purposes only. Any items, fixtures, or fittings referred to in these particulars are not necessarily included in the sale unless specifically stated within the Fixtures and Fittings forms provided by the seller and confirmed via the conveyancers.

Material Information

Tenure : Leasehold. The business is being sold by way of an assignment of the existing 21 year Proportional Repairing & Insuring Lease which commenced on the 22nd February 2012, at a current passing rental of £1,000 pcm. A copy of the lease is available from the selling agent, subject to a viewing appointment in the first instance.

Accounts: The P&L for the year ending 5th April 2025 shows a turnover of £114,928. Full accounts will only be made available subject to a viewing appointment in the first instance.

Premises Licence: The premises are licenced for the sale of alcohol

Legal Costs: Each party will be responsible for their own legal costs in addition to 50% each of the landlords legal costs, in connection with the transaction.  

Stock: To be taken at valuation upon completion.

Construction Type: Construction not confirmed by a professional. Please refer to your surveyors’ comments. 
Age of Construction: Age of construction not confirmed by a professional. Please refer to your surveyors’ comments.
Heating: Electric Wall Mounted Heaters
Water Supply: Mains supply.
Sewage: Mains drainage. 
Electricity: Mains supply.

Business Rates: Current rateable value as of 1st April 2023 is £12,500

Fixtures & Fittings: The business is being offered for sale as a going concern to include a comprehensive inventory of equipment, fixtures and fittings.

EPC: C

ANTI-MONEY LAUNDERING REGULATIONS – Purchasers
It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.

PROOF OF FINANCE – Purchasers
Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.