Leasehold Coffee Shop/Cafe Located In Falmouth

Cafe/Coffee Shop Located In Falmouth For Sale
Prime Location & Sea Views
Ref 2250
Asking Price: £39,950

Location
This delightful business 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
Turnover: £61,729
GP: £46,281 (75%)
Stock: £500

Business Description
Veritas Business Sales are delighted to offer this respected, quirky and award winning Coffee Shop/Cafe which is located in the vibrant harbour town of Falmouth. The business has been established for 30 years and has been in the careful hands of our client since 2016. Reluctantly the business is being offered for sale due to their desire to relocate back to Scotland. Since ownership they have redecorated and continually invested in new equipment along with fixtures and 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. Ragamuffins is very much owner operated and employs the help of 2 part time members of staff and for year ending December 2017 posted a turnover of £61,729 with a GP 0f £46,281 (75%). They serve locally sourced artisan coffee, organic teas along with cooked breakfasts, sandwiches, homemade soups, daily specials and cakes. All fayre is freshly prepared on site to order using the finest local produce. We believe that there is further potential to increase trade by expanding upon the current opening times and open 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 – Saturday – 9.00am – 4.30pm
Sunday – closed

Leasehold
Original term: 16 years
Remaining: 6 years
Rent: £15,000 pa
Rates: £4,800

Ground Floor
Cafe (5.0m x 3.4m) comprising: serving counter with cash register, espresso coffee machine (Expobar), under counter drinks fridge (Icepoint), coffee grinder, wash basin, wooden cabinet, under counter fridge, grill (G Foreman), microwave (Russell Hobbs), microwave (Eco), fitted cupboards, grill, stainless steel table and 4 wall mounted menu boards.
Seating area (4.3m x 3.3m): comprising tables & chairs to cover (16), wall mounted mirror, various pictures, French dresser and feature fire place

Lower Ground Floor
Kitchen (6.4m x 2.1m) with commercial sink, wash basin, box freezer, upright freezer (Indesit), dish washer (Bosch), shelving units, under counter fridge (New World), counter top oven (Indesit), hot plate (Quest) and 2 stainless steel tables
Toilet with w/c