Leasehold Café & Coffee Shop Located In Coverack
Large Harbourside External Seating Area
Ref 2615

Location
This established Café & Coffee Shop is located in the desirable village of Coverack on the Lizard Peninsula in Cornwall. The parish includes some 10 miles of coastline from Nare Point at the mouth of the Helford River to Kennack Sands and the Manacles. The area is very popular with tourists with a number of beaches and visitor attractions nearby. The village is also close to the large Royal Navy Air Base of Culdrose with the Cornish town of Helston (11.8 miles) which gives easy access to Falmouth and Truro along the A394

Leasehold Asking Price: £43,000 plus SAV (£500)

Business Description
Veritas Business Sales are delighted to offer for sale this very busy Café & Coffee Shop which is located in the stunning fishing village of Coverack on the Lizard peninsula Cornwall. The business was established by our clients over 30 years ago and they are now offering the business for sale so that they can enjoy a well deserved retirement. Since ownership they have undertaken a complete refurbishment of the Café Bar and kitchen and 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. Archies Loft is owner operated and employs the help of 6 part time members of staff (seasonal) and has an annual turnover of circa £190,000. They serve simple rustic fresh food to include soups, freshly cut sandwiches, cream teas, cakes, espresso coffee and various teas. Vegan options are available and all fayre is freshly prepared to order on site using only the finest local produce.
We believe that there is further potential to increase trade should you wish to do so by opening evenings as there is plenty of demand. 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 a business with further potential which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Opening Hours
Monday - Sunday - 10:00am - 5:30pm

Leasehold
New 10 year lease available (not guaranteed renewable)
Rent: £12,950 pa Reviewed: 3 yearly
Business rates: currently zero

Ground Floor
Cafe (4.5m x 5.0m) comprising: ice cream display counter, various menu boards, upright drinks fridge (Interlevin), bench seat, pine display counter, pine serving counter, electronic till, upright freezer (iarp), under counter fridge (Zanussi), under counter fridge (Liebher), counter top oven (Turbo-Fan), espresso coffee machine, 2 grills (Lincat), sink, toaster, various shelves, drinks blender (Pro-Blend), microwave (Sanyo) and wash basin.
Basement
Kitchen (5.3mx 5.4m) comprising: wash basin, sink with drainer x 2, under counter fridge (Indesit), chest freezer, chest freezer (Beko), sink with drainer, work surface, box freezer (Tefcold), meet slicer, oven (Buffalo), various kitchen utensils and containers, various shelves, commercial fridge (LEC) and upright fridge freezer (Bosch)
External
Frontage with 5 tables & chairs to cover (16). The owners have use of the public toilet facilities opposite.

EPC Rating C

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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