2 Pasty/Coffee Shops In Falmouth

Established Pasty Shops In Falmouth For Sale
Ref T2067
Location

These delightful businesses are located in the vibrant harbour town of Falmouth between The Moor, Event Square and the National Maritime Museum which is the principle pedestrian and vehicle thoroughfare through this beautiful town. Falmouth 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 Falmouth has been voted as one of the most desirable places to live in the UK.

Business information

Asking Price: £139,950 plus SAV
Turnover: £298,933 pa (2016)
GP: £177,958
Stock: £7,500

50 Arwenack Street (leasehold)

Original term: 15 years
Remaining: 12 years
Reviewed : 5 yearly
Rent: £18,500 pa
Rates: £4,646.40 pa

39 Church Street (leasehold)

Original term: 13 years
Remaining: 8 years
Reviewed : 5 yearly
Rent: £13,500 pa
Rates: £4,549.60 pa

Business Description

Veritas Business sales are delighted to offer for sale these respected Pasty shop businesses which are both located on Falmouth's main high streets. The business was established in 1980’s and has been in the careful hands of our clients for the last 10 years and is reluctantly being offered for sale due to other business interests. Since ownership they have continually invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which means any new purchaser will not need to spend any additional funds for some time. The business is very much owner operated and requires the help of 2 full time and 8 part time members of staff across both shops. The annual turnover for 2016 was £298,933 with a GP of 59.53 %. The business serves a fine range of traditional pasties, specialty, gluten free and sweet, along with teas, coffees and cold drinks. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade and of course is reliant on the 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 superb business is not to be missed. 

Opening Hours
Summer
Monday – Sunday – 9.00am – 5.30pm
Winter
Monday – Sunday – 9.00am – 4.30pm

50 Arwenack Street
Ground Floor
Retail comprising: serve over sales counter with cash register, Hot display counter, commercial oven(Mono Bakeaway), commercial oven (Gierre Baketek), oven tray stand, drinks fridge (True), milk fridge, toaster (Dualit), cake display, 8 tables with seating, various pictures
Kitchen comprising: large walk in freezer (Caravell),various stainless steel shelves (Vogue), Contact grill (Buffalo), microwave (Akai), Freezer (Hotpoint), drink mixer, potato fryer (Phillips), commercial sink with draining board
Mid Kitchen comprising: stainless steel table (Parry), Upright fridge (Beko), water heater, coffee machine (Cino), various stainless steel shelves (Vogue).
Basement
Store room with various shelving units
W/C and hand wash basin

39 Church Street
Ground Floor
Retail comprising: serve over sales counter with sales till, Hot display counter, one commercial oven (Mono Bakeaway), one commercial oven (Gierre Baketek), oven tray stand, upright glass drinks fridge (Pepsi), milk fridge, coffee machine, toaster, cake display, various pictures
Kitchen Area: 3 stainless steel freezers (Vest), various stainless steel shelves (Vogue), water heater, microwave, fridge, drink mixer, sink with drainer, cupboard with stainless steel top, hand wash basin,
W/C and hand wash basin