Leasehold Café & Restaurant Located In East Looe

Leasehold (Licensed) Café & Restaurant Located In East Looe
Ratings / Trip-Advisor 5.0 / Facebook 5.0
Three Bedroom Accommodation Above
Ref 2813

Location
This outstanding Café & Restaurant is located in the highly desirable harbour town and fishing port of East Looe, South East Cornwall. Its situated within a prominent and highly visible trading position with stunning views of the estuary and gives easy access to the many visiting tourists. The costal town still retains a working fishing port and remains a great family resort with many restaurants and shops to visit all year round. Looe is (20 miles) west of Plymouth and (7 miles) south of Liskeard, divided in two by the River Looe, East Looe and West Looe being connected by a bridge.

Leasehold Asking Price: £129,950 plus SAV (£1,000)

Business Description
Veritas Business Sales are delighted to offer for sale this busy Café & Restaurant which is located in East Looe. The premises has traded as a restaurant for over 30 years and has been in the careful hands of our client for the past 15 years and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have refurbished, redecorated and continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included with in the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Café Fleur is very much owner operated and employs the help of 4 full time and 2 part time members of staff and for the previous year produced a turnover of circa £280,000. They serve breakfast/brunch, homemade soup, homemade quiche, salads, homity pies, freshly cut sandwiches, paninis, jacket potatoes, lunches, homemade cakes, specialist tea & coffee and cold drinks. All fayre is freshly prepared on site to order using locally sourced produce.
We believe that there is further potential to increase turnover should you wish by opening in the evenings during the summer months. This is something the current owner is repeatably asked to do but chooses not to. 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.

Opening Hours
Monday – Sunday – 9:00am – 5:00pm

Leasehold
New 15 year lease to be granted
Rent: £27,000 pa
Rates: £5,244 pa

Ground Floor
Restaurant (2.0m x 4.5m) comprising: tables with chairs to cover (38), espresso coffee machine (on Loan) coffee grinder (on loan) and various menu boards.
Kitchen (4.0m x 1.5m) comprising: sink with drainer, dishwasher, 3 commercial microwaves, griddle, 2 toasters, chiller display unit, 4 x freezers, 2 undercounter fridges, undercounter freezer, hot water dispenser, various shelves, and various kitchen utensils.
Storage cupboard.
Toilet (1.5m x 1.5m) with W/C and wash basin.

First Floor
Lounge (4.6m x 3.2m)
Kitchen/Dinner (3.0m x 3.8m)
Bathroom (2.1m x2.4m)
Bedroom 1 (4.9m x 2.3m)
Bedroom 2 (2.9m x 2.9m)
Bedroom 3 (2.5m x 3.4m)
Storage cupboard

External
Frontage with tables & chairs to cover (6).

EPC Rating E