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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£74,950
Added > 14 days

Cafe for sale

Leasehold Café Located In Newquay
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Cafe
0 bed
0 bath

Property description & features

  • Established Business
  • Leasehold Cafe
  • Prominent Town Centre Location
  • Further Potential
  • Ideal Starter Business

Leasehold Café Located In Newquay
Prominent Town Centre Location
Ref 2408

Location
This established Café is located in Newquay town centre. Situated within a prominent and highly visible trading position on a busy parade of shops just off one of the main thoroughfare roads in the town. 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: £74,950 plus SAV (£2,000)

Leasehold
Original term: 10 years
Remaining: 5 years
Rent: £21,840 pa
Rates: £5,819.18

Business Description
Veritas Business Sales are delighted to offer for sale this respected Cafe which is located in the Cornish seaside town of Newquay. The business has been established for 10 years and has been in the careful hands of our clients for the past 14 months and is reluctantly being offered for sale due to other business interests.
Since ownership they have completely refurbished the premises 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. The business is owner operated with the help of 3 part time staff members and has an annual turnover of circa £160,000. They serve a fine range of breakfasts, lunches to include freshly baked baguettes, omelettes, steak from the griddle, not forgetting the famous mixed grill. They also serve afternoon cream tea's, cold drinks, freshly made specialist coffee and fruit teas. We believe that there is further potential to increase trade should you wish, by opening in the evenings during the summer. 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 an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Opening Hours
Monday - Sunday - 8.00am - 5.00pm

Ground Floor
Restaurant (13.0m x 3.0m) comprising: tables & chairs to cover (22), various menu boards and 2 x 55" TV screens.
Side restaurant (11.5m x 2.2m) comprising: tables & chairs to cover (20), mirrored walls, various wall mounted mirrors and various pictures.
Ground floor
Kitchen (2.6m x 7.0m) comprising: coffee machine (Azkoyen), coffee warmer (Buffalo), glass cake display case, ice machine (Adexa), upright freezer, hot water dispenser (Buffalo), drinks blender (Shmoo), 2 under counter fridges, 2 under counter freezers, hot display unit, under counter freezer (Hisense), under counter fridge (Electra), till (EPOS) various shelves, large extraction canopy, salamander grill (Adexa), hot plate (Adexa), 6 burner oven (Moorwood Vulcan), oven (Quattro), 2 dual deep fryers, 2 stainless steel prep tables, sink with drainer, stainless steel panini press, microwave (Quattro), microwave (Sharp), toaster (Breville) and various kitchen utensils.
Pot wash (1.9m x 1.9m) comprising: 2 dish washers (Adexa), commercial sink with drainer and directional hose.

Basement
Prep room 1 (2.9m x 1.8m) with walk in chiller unit (Stan Cold), various stainless steel spare goods and shelving.
Prep room 2 (3.7m x 1.8m) with commercial sink drainer and staff lockers.
Storage locker (5.3m x 2.1m) with 4 chest freezers and upright freezer (Beko).

External
Frontage with tables and chairs to cover (12).

EPC Rating C

Places of interest

    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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    *DISCLAIMER

    Property reference 2408. 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: obtained from Ofcom on March 19, 2022

    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: obtained from Ofcom on March 19, 2022

    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

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *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.