Leasehold Plant Based Restaurant Located In Falmouth
Ratings / TripAdvisor 5.0 / Google 5.0 / Facebook 5.0
Licensed
Ref 2803

Location
This respected Plant Based Restaurant is located just off the high street 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 just off the high street in the heart of the town centre and close to the cinema, bus station 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.

Leasehold Asking Price: £29,950 plus SAV (£1,000)

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Plant Based Restaurant which is located in Falmouth. There has been a restaurant within these premises for over 30 years and has been in the careful hands of our client for the past 2 ½ years. They are now offering the business for sale so that they can concentrate on other business interests.
Since ownership they have 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. Sloth & Sparrow is owner operated with the help of 7 part time member of staff (depending on the time of year) and has an annual turnover of circa £124,000.
The owners goal was to create the best Vegan foods utilizing as much locally sourced and organic produce as possible, alongside using compostable disposables which has gained them a TripAdvisor certificate of excellence with a 5 star rating.
We believe that there is further potential to increase trade by opening evenings, as well as Mondays, Tuesdays and Wednesdays which they currently do not do. 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.
Original term: 6 years
Remaining: 2 ½ years
Rent£7,600 pa
Business rates: zero

Opening Hours
Monday - Wednesday - closed
Thursday - Saturday - 10:00pm - 4:00pm
Sunday - 10:00am - 6:00pm

Leasehold
Original term: 6 years
Remaining: 2 ½ years
Rent£7,600 pa
Business rates: zero

Ground Floor
Restaurant (5.2m x 3.8m) comprising: 4 tables with chairs and storage box seating to cover (18), 4 x metal bar stools with breakfast bar, various shelving, various hanging baskets, menu board, box freezer (Ice-King) and wall mounted mirror. Kitchen (3.6mx 4.3m) comprising: sales counter, till, espresso coffee machine (San-Remo ), under counter drinks fridge (Adexa), various shelves, upright freezer (LEC), upright fridge (Apollo), glass food warming unit, cupboard, 3 door chiller unit (Foster), induction hob (Caterlite), 3 door chiller unit (Polar), induction hob (Buffalo), single deep fat fryer (Buffalo), single deep fat fryer (Nisbetts), extraction unit, hot plate & griddle, turbo fan oven (Blue-Seal), stainless steel table, dishwasher, dual sink, hot water dispenser (Swan), microwave (Quattro) and various kitchen utensils.
Toilet (1.7m x1.7m) with W/C, wash basin and hand dryer.

EPC Rating D

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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