Leasehold Independent Surf School, Equipment Hire & Licensed Café Located In Newquay
Prominent Town Centre Position
Stunning Harbour Views
Ref 3007

Asking Price £79,950 plus SAV (£5,000)

Location
This established Independent Surf School, Equipment Hire & Cafe 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.

Business Description
Veritas Business Sales are delighted to offer for sale this respected Surf School, Equipment Hire & Café which is located in the Cornish seaside town of Newquay. The business was established back in 1995 and has been in the careful hands of our client for the last 16 months. Reluctantly the business is now being offered for sale due to other business commitments requiring their full attention.
Since ownership they have completely refurbished (including a new roof 5 months ago), 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. Fins Surf School is owner operated with the help 1 part time member of staff and 4 self-employed surf teachers and has an annual turnover of circa £80,000 (intentionally keeping the t/o under the VAT threshold). They retail surfing products and operate surf school business with a dedicated team of saltwater specialists who are passionate about surfing and surf lifestyle. The business also includes a well-established rental business for all related surfing products with a large following throughout the year. They recently added a licenced coffee bar which is proving popular , with a large decking area at the front of the premises with more potential for seating, providing a fantastic sun trap through-out the day where customers can relax, bask in the sunshine and watch the world go by on the main throughfare to Fistral beach
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 present, and past have never done before and would undoubtedly be a huge success, the premises are perfectly situated for a busy café or restaurant undisturbed views across the three bays of Newquay, nestled amongst the thriving restaurants and food outlets. 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. Throughout the winter months the business plays host to university excursions on a weekly basis as well as a local surf club and kids club. 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 Times
Monday - Sunday - 09:00 - 17:00

Leasehold
Term: 10 years
Remaining: 7 years
Rent: £15,000 + vat pa
Reviewed: 5 yearly
Business rates: zero

Ground Floor
Café Bar & sales area (8.5m x 6.5m) comprising: coffee table, 3 stools, bench seating to cover (16), sales counter, cash register, espresso coffee machine (Sanremo), coffee grinder, various shelves, various surfboard display areas, two door under counter drinks fridges, beer chiller unit, menu boards, chest freezer, wash basin, wall mounted TV 40” (LV), sink with prep surface, prep table with draws and shelves.
Surfboard & wet suit fitting centre (9.8m x 3.3m) with various surfboard display stands, various wetsuit hanging rails and customer storage baskets.
Toilet with w/c, wash basin and wall mounted mirror.
Changing rooms (3.3m x 2.9m) with 2 x changing rooms with privacy curtains and wall mounted mirrors.

External
Decking area (4.3m x 7.7m) with 4 tables, 6 stools, bench seating and stunning views over the bay of Newquay.

EPC Raring B

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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