Leasehold Health Food Shop & Cafe/Delicatessen Located In Penryn For Sale
Asking Price: £24,950 plus SAV
This delightful business is located in Penryn which is one of Cornwall’s most ancient towns and boasts a wealth of history. Penryn has retained a large amount of its heritage and has been designated as an important conservation area. Within one mile you will find the vibrant 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. It has recently been voted as one of the most desirable places to live in the UK.
Veritas Business Sales are delighted to offer for sale this respected Health Food Shop & Cafe/Delicatessen business which is located in the very popular harbour town of Penryn near Falmouth. The premises has been a restaurant/cafe of some kind for over 27 years and has been in the careful hand of my clients for the past 8 months. Reluctantly the business is being offered for sale due to health reasons and other business commitments. Since ownership they have 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. Earth & Water is currently operated by 4 part time staff members and has an annual turnover of £55,000 net of vat. They retail a wide range of health food products and the cafe serve a fine range of fresh salads, hand cut sandwiches, freshly cooked pasties and a selection of hot and cold drinks. All fayre is freshly prepared to order on site using only the freshest produce and they are renowned locally for their fantastic coffee. We believe that the business would thrive by having an owner operator to hand and there is further potential to increase trade by extending upon the current opening times, especially into the evenings and opening on Sundays in the summer months. 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 visiting 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 – Saturday – 10.00am – 5.00pm
Sunday – closed
Turnover: £55,000 pa net of VAT
Original term: 6 years
Remaining: 4 years 6 months
Rent: £4,620 pa
Restaurant/cafe comprising: 5 tables with chairs, two seater settee in the window with coffee table, espresso coffee machine (La Paziale), pastry oven (Kuk), chiller cabinet (Blizzard), sandwich grill (Buffalo), blender, sink with draining board, side table, serving counter with electronic cash register, 2 pine shelving units, chilled food display unit, shelving unit, various blackboards, pictures, hot water dispenser, hot plate and under counter fridge. W/C with hand wash basin and various shelves. Store room with shelving, 2 chest freezers and 2 metal frame stands.