Leasehold Donut Takeaway & Café Located In Penzance

Leasehold Donut Takeaway & Café Located In Penzance
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Location
This respected Donut Takeaway & Cafe is located in the perfect position in the seaside town of Penzance in the South West of Cornwall. Penzance remains one of the County’s most popular holiday destinations, being surrounded by stunning beaches along with many tourist attractions to include St Michael’s Mount, The Minack Theatre and Lands End. The main train line from London to the South West terminates at Penzance giving easy access to commuters from all over the country. The town has a population of circa 21,000 that increases immensely during the summer months.

Leasehold Asking Price: £29,950 plus SAV (£500)

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Donut Takeaway & Café which is located in the Cornish town of Penzance. The business was established by our clients in 2019 and is now being offered for sale due to their desire to relocate.
Since ownership they have undertaken total refurbishment and 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 owner operated with the help of 1 part time member of staff and for year ending 5th April 2022 posted an annual turnover of £52,699 with a GP of £44,762 (85%) producing a very healthy net profit. Beige Donuts serves a fine range donuts for all occasions with their vegan donuts proving extremely popular and are all freshly prepared to order on site and can be eaten in or taken away.
We believe that there is further potential to increase trade by extending upon the current opening times and opening lunchtimes as well as Sundays & Mondays, which they currently do not do. The business already 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 with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday & Tuesday – closed
Wednesday – Saturday – 10:30am – 4:00pm
Sunday – closed

Leasehold
Term: 2 year rolling lease
Rent: £4,752 pa
Rates: Zero

Ground Floor
Takeaway & Cafe (4.8m x 5.8m) comprising: various black board menus, sales counter, 2 bistro tables with 4 chairs, 3 bar stools with breakfast bar, various donut display trays, wall mounted shelves, under counter drinks fridge, electronic till
Kitchen (2.9m x 2.0m) comprising: 4 ring cooker, dount fryer (Bedshaw-Ematic), stainless steel prep table, stainless tray holder on wheels with various trays, wash basin, metal shelving unit
Prep Room (2.8mm x 2.4m) comprising: various shelves, stainless steel prep table, sink with drainer, food mixer (Kenwood), fridge freezer, under counter freezer, under counter fridge (Lec), blender (Buffalo), food mixer (Morphy Richards), dough mixer (Buffalo)
Toilet (2.0m x 1.5m) with w/c, mirror and wash basin.

EPC Rating E