Established Cafe Located In Falmouth

Established Cafe Located In Falmouth For Sale
3 Letting Bedrooms Above Producing £1,100 PCM
Ref 2228

Location
This delightful Cafe is located in the vibrant harbour town of Falmouth which 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 is positioned on the main street in the heart of the town centre and only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Business information
Asking Price: £49,950 plus SAV
Turnover: £70,000 pa
Stock: £500

Business Description
Veritas Business Sales are delighted to offer for sale this established Cafe which is located in the harbour town of Falmouth, Cornwall. The business has been established for over 50 years and in the careful hands of our clients since 2015. Reluctantly the business is now being offered for sale so that they can concentrate on other interests. Since ownership they have undertaking a complete refurbishment of the cafe and kitchen and continually 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. Cafe Strand is owner operated and employs the help of 4 part time members of staff and has an annual turnover of £70,000. They serve a fine range of homemade cakes, scones, cream teas, milkshakes, soft drinks, freshly made specialist coffee, breakfast tea, fruit teas along with a breakfast & lunch menu. All meals are freshly prepared to order on site using only the finest local produce. We believe that there is further potential to increase trade by expanding upon the current opening times during the summer months and opening evenings. 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 as this business is not to be missed.

Opening Hours
Monday – Saturday – 9.00am – 3.00pm
Sunday – Closed

Leasehold
Original term: 10 years Remaining : 4 years Rent: £17,500 pa Reviewed: 3 years Business rates: zero

Ground Floor
Restaurant (4.8m x 7.6m) comprising: 9 tables & chairs to cover (36), serving counter, electronic cash register, various pictures, various menu boards, ice cream fridge, TV (Hitachi), 2 bar stools and wall lights.
Kitchen (3.2m x 2.06m) comprising: espresso coffee machine (Fracino), coffee grinder, under counter drinks fridge (Ice Point), under counter white fridge, blender (Pro-Blender), hot water dispenser (Lincat) and display counter.
Kitchen/Prep room comprising: toaster (Delonghi), double sink drainer, various stainless steel shelves, microwave (Prodis), 2 grey under counter fridges (Baumatic), 2 under counter freezers, 3 stainless steel shelves, wall mounted salamander grill (Lincat), dual fryer (Lincat), hot plate, extractor unit, microwave (Prodis), hand wash basin (Basix) and insect zapper.

First Floor
Prep Kitchen (4.9m x 2.2m) comprising: microwave (Prodis), 2 upright freezers grey (Indesit), upright freezer (Scandinova), chest freezer, fridge (Indesit), oven on stand (Burco), stainless steel table, white under counter fridge (Iceking), dual sink with drainer, 2 upright freezers grey (Indesit) and 6 burner oven (Beko).

Accommodation
First floor 1 Double bedroom Single bedroom Bathroom with shower, w/c and wash basin
Second floor Double bedroom Kitchen with wall and base units