No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£374,950
OnTheMarket > 14 days

Restaurant for sale

Leasehold (Licensed) Café & Restaurant Located In Newquay
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Restaurant
0 bed
0 bath

Property description & features

  • Leasehold
  • Cafe & Restaurant
  • Licensed
  • Prime Location
  • Turnover £622,453 pa

Leasehold (Licensed) Café & Restaurant Located In Newquay
Ratings / TripAdvisor 5.0 / Facebook 4.9 / Google 4.7
Prominent Town Centre Location
Ref 2732

Location
This established leasehold Café & Restaurant is located within a busy parade of shops on the main thoroughfare road in Newquay town centre. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort, all wrapped up in the most fantastic coastal scenery.

Asking Price: £374,950 plus SAV (£2,000)

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Café 7 Restaurant which is located in the Cornish seaside town of Newquay. The business was established by our clients back in 2015 and moved to new premises in 2020. Reluctantly the business is now being offered for sale due to other business commitments need their attention.
Since ownership they have completely refurbished, redecorated 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. Box & Barber is overseen by the owners but operated by a team of 7 full time and 7 part time members of staff (depending on the time of year) and for year ending 31st March 2022 posted a turnover of £622,453 net of vat. They serve simple rustic food to include breakfasts, brunch & lunches, toasties, burgers, they are particularly well known for their espresso drinks and fresh pastries.
We believe that there is further potential to increase trade should you wish, by opening in the evening especially during the summer months. This is something that the owners have never done before and would undoubtably be a huge success. A more hands on owner operator could significantly reduce staff costs and increase profits. The business enjoys a very 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 which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Sunday - 10:00am - 3:00pm

Leasehold
Original term: 12 years
Remaining: 9 Years Rent: £18,400 pa
Rates: £3,300 pa

Ground Floor
Restaurant (6.1m x 7.8m) comprising: 12 tables with chairs and covers for (26), breakfast bar with 3 tall stools various ceiling and wall lights, various pictures, sales counter with granite surface, glass display case (Lincat), large glass fronted chiller unit, coffee grinder (Victoria Arduino), 2 stainless steel trolleys, cash register, under counter milk fridge, espresso coffee machine (La Merzocco) and ice machine (Scotsman).
Rear restaurant (6.6m x 3.3m) with tables and chairs with covers for (20) and various pictures.
W/C (1.0m x 1.2m) with wash basin and wall mounted mirror.
Kitchen (7.4m x 2.2m) comprising: upright drinks fridge (Interlevin), upright freezer (Gram), 3 stainless steel prep tables, under counter freezer (Blizzard), under counter fridge (Blizzard), 2 drink blenders (Nutri-bullet), various stainless shelves, food blender (Magi-mix), glass washer (Blue Seal), wash basin, 3 door stainless chiller unit with salad station (Electrolux), griddle (Daulex), various stainless shelves, dishwasher (Electrolux), sink with drainer, stainless prep table, upright commercial fridge (Tefcold), 2 door commercial chiller unit, induction hob (Zyeo), 2 basket fryer (Buffalo), cutlery station (Lincat), 2 hotplates with oven (Lincat), salamander grill (Lincat) and extraction unit.
Storeroom (2.7m x 2.7m) with 2 door chiller unit, upright freezer (Polar)and various shelving units.

External
Seating with benches, tables &chairs and covers for (18)

EPC Rating D

Places of interest

    Request viewing/info
    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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    Property reference 2732. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.