Leasehold Tapas Bar/Restaurant and Coffee Shop Located In Penryn

Penryn, TR10 8JN
£24,950 plus SAV
Business ID:
#2457
£24,950
  • Ref: 2457
  • Type: Restaurants
  • Availability: Under Offer
  • Veritas Categories: Catering, - Cafe, - Coffee Shop, - Restaurants
  • Business ID: 2457
  • Price Postfix: plus SAV
  • Commercial Tenure: Leasehold
  • Commercial Price: 34950
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Property Features

  • Established Business
  • Excellent Trading Position
  • Ideal Starter Business
  • Fully Fitted
  • Leasehold
  • Coffee Shop
  • Tapas Bar/Restaurant
  • Further Potential

Full Details

Leasehold Tapas Bar/Restaurant and Coffee Shop Located In Penryn
Ref 2457

Location
This delightful Tapas Bar/Restaurant and Coffee Shop 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 benefited from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University (8,500 students). It has recently been voted as one of the most desirable places to live in the UK.

Asking Price: £24,950 plus SAV (£1,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Tapas Bar/Restaurant and Coffee Shop 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 15 months. Reluctantly the business is being offered for sale due to an unexpected change of personal circumstances. Since ownership our client has invested in new equipment along with fixtures and 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. Cafe Gabor is currently owner operated with the help of 1 part time member of staff and has an annual turnover of £65,000 net of vat. The cafe serves a fine range of fresh salads, hand cut sandwiches and a selection of tapas. All fayre is freshly prepared to order on site using only the freshest produce and they are renowned locally for their fantastic coffee and home made cakes. We believe that 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.

Opening Hours
Monday - Saturday - 10.00am - 3.00pm and 6.00pm - 10.00pm
Sunday - closed

Leasehold
Original term: 6 years
Remaining: 3 years
Rent: £4,850 pa
Rates: Zero

Ground Floor
Restaurant/Cafe (8.7m x 3.0m) comprising: 6 tables and chairs to cover (16), two armchairs in the window with coffee table, glass cabinet, various pictures and wall mounted mirror.
Kitchen (2.6m x 4.6m) comprising: espresso coffee machine (La Paziale), oven (Hendi), chiller cabinet (Blizzard), sandwich grill (Buffalo), blender, sink with draining board, side table, serving counter with electronic cash register, paella pan on stand, chiller unit (Polar), white under counter fridge, induction hob single (Tefal), Induction hob twin (Chef Master), coffee grinder, microwave, electric griddle, dishwasher (Ecomax), blender (Phillips) and basket fryer
Rear restaurant (4.1 x 3.2m) comprising: 3 tables with chairs and covers for (10), various pictures, coffee table with lamp , settee.
W/C with wash basin, various shelves and a wall mounted mirror. Storeroom with shelving, 2 chest freezers and 2 metal frame stands.

EPC Rating C