Leasehold Cafe and Dessert Bar For Sale In Falmouth
This delightful business is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business has stunning views of the marina and is next to the Maritime Museum. Falmouth has been voted as one of the most desirable places to live in the UK.
Asking Price: £39,950 plus SAV
Turnover: £93,000 pa net of VAT
Original term: 20 years
Remaining: 5 years (new lease available)
Rent: £16,000 pa
Services charges: £1,363.60p pa
Rates: £5,450 pa
Veritas Business Sales are delighted to offer for sale this respected Cafe business which is located in the highly popular tourist hotspot in Falmouth. The business has been established for 10 years and has been in the careful hand of my clients for the last 2 years and is reluctantly being offered for sale due to health reasons. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is currently owner operated and requires the help of 10 casual staff in the summer which reduces down to 6 in the winter months. The business enjoys an annual turnover of £93,000 net of vat and operates pre-booked creative tea parties for all ages which is very popular. The Creative Arts Cafe serves a fine selection of specialist teas , hand roasted Cornish coffees , cold drinks, breakfast sandwiches, cereals, home made soups, hot and cold sandwiches, salads, jacket potatoes, daily specials, light lunches, pasty's , pies, cakes ice-creams and offers a children's menu. All meals are freshly prepared on site using only the freshest local produce. We believe that there is further potential to increase trade by extending the current opening times, offering bistro food of an evening and you could extend the external seating on the square with a covered area and patio heaters . The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passing tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Monday – Sunday – 9.00am – 6.00pm April-Oct
Cafe comprising: tables & chairs to cover (20), serve over chilled glass display cabinet, sales counter with electronic till (Elo), espresso coffee machine (Stylena), cold rinks chiller (Zoin), upright drinks fridge (Tef), ice cream display freezer and drop fridge for storage (Roskillys) and various wooden shelving
Kitchen with stainless steel sink drainer and work surface with under counter double freezer, stainless steel hand wash basin, microwave x 2, ice machine (Polar), toaster, stainless steel fridge (Polar), glass washer (Evolution), grill (Lincat), oven (Lincat), upright fridge ( Liebitter), panini maker, and various pots, pans, chopping boards, cups, saucers, knives and forks.
W/C and hand wash basin
Front covered seating for (14) and uncovered seating for (16) on the square with view of the marina
4 potted palm trees