Cafe for sale

Leasehold Cafe & Restaurant Located In Truro City Centre

0121 721 6440

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Cafe

0 bed

0 bath

Property description & features

Leasehold Cafe & Restaurant
Prominent City Centre Position
Further Potential
Very Busy Holiday Destination
Licensed
Offers Invited

Leasehold Cafe, Restaurant, Takeaway, shop Online Business (on & off licensed).
Truro Centre.
Multi Award Winning.
TripAdvisor 5.0 / Google 4.8 /Facebook 4.6

Ref 2905
Leasehold Asking Price £59,950
Offers invited

THE LOCATION
This very popular café/restaurant is in Truro city centre. It is in a prominent and highly visible trading position near the County Museum and a short distance from the theatre, Cathedral County Court and shoppers' car parks.
Truro is a growing city and the retail, administrative, cultural, educational and professional hub of the county, with a string of high-street favourites, banks and independent retailers.

THE BUSINESS
THIS IS THE LISTING FOR THE CAFÉ SIDE OF THE BUSINESS. PLEASE SEE ALTERNATE LISTING FOR THE CAFÉ & TAKEAWAY SIDES OF THE BUSINESS.
This is a unique opportunity to buy the busiest independent café/restaurant in the centre of
Cornwall's capital city, Truro. There has been a cafe on this site for over 30 years and the
business has been in the careful hands of our client for over five. They are now offering the
business for sale so that others can take it forward with new perspectives and ideas.
For the year ending 31 Jan 2024 its annual revenue was £400k (inc VAT). The café serves
breakfast, brunch & lunch (and is especially famous for its fluffy American pancakes!) either
in a cosy dining room or in the hugely popular decked garden with covered booths. It is busy
all year-round but being one of the few places in Truro with outside seating, it is especially
popular in the summer and in good weather at any time of year.
Experience has shown further potential to increase trade by opening in the evenings, which
was tested on summer Friday nights, with sell-outs every night. There are multiple other
ways to increase revenue and decrease costs, which the current owners are happy to talk
through with serious purchasers. The business enjoys a very strong reputation locally and
beyond for its high quality and has a high level of regular, repeat customers along with
many visiting tourists.
The business is offered with its brand, recipe book and its strong online following (10k
Instagram followers, 4k Facebook, 5k email addresses, 10k mobile nos), and accomplished
e-commerce website, with a growing online brownies-by-post operation. All of these add
further potential and income streams to this business.
The café is owner-operated with the help of 6 full-time equivalent team members.
There has been regular investment in new equipment, fixtures and fittings.
This is a unique opportunity to purchase an established business with multiple strands yet
further growth potential - a great base to build on so early viewing is highly recommended.

Opening Hours
Monday - Sunday - 9:00am - 3:00pm

Leasehold
(No 20 River Street)
Original term: 10 years
Remaining: 10 months (Extendable)
Rent: £12,000 pa
Rates: £12,000 pa

Ground Floor
Takeaway/Kitchen (4.5m x 5.6m) comprising: granite sales counter, 2 x upright glass fronted fridges (Polar), ice making machine (Polar), various shelves, under counter fridge (Beko), under counter freezer (Fridgemaster), espresso coffee machine (Olstoria), coffee grinder, electric water heater, dual sink with directional hose, commercial microwave (Buffalo), microwave (Daewoo), griddle (Cougar), panini press (Buffalo) and commercial extraction.
Pot wash area (1.3m x 1.2m) with dishwasher (Class EQ) and various shelves.
Toilet (1.2m x 1.0m) with W/C and wash basin.

First Floor
Dining room (5.9m x 3.8m) comprising: globe ceiling lights, tables & chairs with covers for (16), various wall mounted mirrors, various pictures and bench seating.
Second Floor
Prep kitchen (5.6m x 2.3m) comprising; 2 built in ovens (Bosch), air-con unit, dishwasher (Bosch), sink with drainer and directional hose, various shelves, electric water heater, 2 x commercial upright fridges (Polar), 2 x undercounter freezers (Lec), various white work surfaces, various kitchen utensils and hand wash basin.Dry stores (2.1m x 1.3m) with various shelves.

Apartment
Lounge/bedroom (3.5m x 4.0m), Bathroom (1.3m x 3.1m) with wash basin, shower and w/c.Kitchen (3.1 x 1.3) comprising: work surface with sink, upright fridge (A-Class), tumble dryer and washing machine.

EPC Rating D

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Places of interest

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

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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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