Coffee Shop Located In Truro

Coffee Shop Located In Truro For Sale
Ref 2144

Location
This delightful Coffee Shop/cafe business enjoys a visible and prominent trading location on the very edge of the City centre, close to the Theatre, Cathedral and shoppers car parks, on a street of successful and varied businesses . With a 5* reputation it is ideally placed to enjoy one of the best coffees in Cornwall. The beautiful city of Truro is the retail hub of the county boasting a string of blue chip, national and independent retailers.

Business information
Asking Price: £19,500 plus SAV
Turnover: 2017/18 £72,000

Leasehold
Original term: 6 years
Remaining: 4 years
Rent: £7,500 pa
Rates: zero

Business Description
Veritas Business Sales are delighted to offer this respected, quirky and award winning Coffee shop which is located in the vibrant city centre of Truro. The business has been established since 2012 and has been in the careful hands of our client since 2016.
Since purchase the current owner has continually invested in new equipment, fixtures and fittings which are all included in the sale price, along with regular redecoration to maintain standards which is a huge plus for any new purchaser as additional funds will not need to be spent for some time.
Grounded is very much owner operated, employs 2 part time members of staff and achieved a 2016-17 turnover of £56,000 with a healthy gross profit, increased to £72,000 2017-18. Serving locally sourced artisan coffee and organic teas along with fresh pastries, breakfasts, sandwiches, homemade soups, daily specials and cakes, the business enjoys a busy takeaway trade as well as local deliveries. All food is freshly prepared on site to order using the best local produce.
We believe that there is further potential to increase trade by extending the opening to evenings as well as Sundays and bank holidays. The business enjoys a strong reputation locally (and nationally on Trip Advisor, Facebook, Google) for its high quality and as such has a high level of regular local trade along with many tourists, some of whom have been visiting every year since opening. 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

Monday – Friday – 8.00am – 5.00pm
Saturday – 9am – 4.00pm
Sunday – closed

Ground Floor
Cafe comprising: Wooden serving counter with cash register, 8 high stools, a long window counter, 2 hand crafted wooden tables, 4 chairs, menu blackboards, wall mounted display shelving unit
Servery/prep area comprising: Pavoni lever-press espresso coffee machine (Pavoni, clock, under counter freezer (Logik), under counter fridge (Logik), kettle, under counter drinks fridge.
Kitchen comprising: dishwasher (Easy), sink drainer, shelving unit, 4 ring cooker (Hotpoint), under counter fridge (Logik), contact grill (Buffalo), various shelves, and microwave (Russell Hobbs) W/C with hand wash basin

EPC Rating D