Restaurant/cafe for sale in St Thomas Street, Penryn, Cornwall TR10

Offers in region of £34,950 (£49.93/sq. ft)
Restaurant/cafe for sale 700 sq. ft*
Interested in this property? Call +44 121 721 9902 * or Request Details

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Property features

  • Established business
  • Fully fitted
  • Ideal starter business
  • Prominent town centre location
  • Further potential
  • Leasehold
  • Restaurant & Bar
  • Cafe & coffee shop

Property description

Leasehold Tapas Bar/Restaurant & Coffee Shop Located In Penryn
Ref 2457

Location
This delightful Tapas Bar/Restaurant & Coffee Shop is located in Penryn which is one of Cornwall’s most ancient towns and boasts a wealth of history. Penryn has retained a large amount of its heritage and has been designated as an important conservation area. Within one mile you will find the vibrant 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 (8,500 students). It has recently been voted as one of the most desirable places to live in the UK.

Asking Price: £34,950 plus sav (£1,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Tapas Bar/Restaurant & Coffee Shop which is located in the very popular harbour town of Penryn near Falmouth. The premises has been a restaurant/cafe of some kind for over 27 years and has been in the careful hand of my clients for the past 15 months. Reluctantly the business is being offered for sale due to an unexpected change of personal circumstances. Since ownership our client has 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. Café Gabor is currently owner operated with the help of 1 part time member of staff and has an annual turnover of £65,000 net of vat. The café serves a fine range of fresh salads, hand cut sandwiches and a selection of tapas. All fayre is freshly prepared to order on site using only the freshest produce and they are renowned locally for their fantastic coffee and home made cakes. We believe that there is further potential to increase trade by extending upon the current opening times, especially into the evenings and opening on Sundays in the summer months. 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 business is not to be missed.

Opening Hours
Monday – Saturday – 10.00am – 3.00pm & 6.00pm – 10.00pm
Sunday – closed

Leasehold
Original term: 6 years
Remaining: 3 years
Rent: £4,850 pa
Rates: Zero

Ground Floor
Restaurant/Café (8.7m x 3.0m) comprising: 6 tables & chairs to cover (16), two armchairs in the window with coffee table, glass cabinet, various pictures and wall mounted mirror.
Kitchen (2.6m x 4.6m) comprising: Espresso coffee machine (La Paziale), oven (Hendi), chiller cabinet (Blizzard), sandwich grill (Buffalo), blender, sink with draining board, side table, serving counter with electronic cash register, paella pan on stand, chiller unit (Polar), white under counter fridge, induction hob single (Tefal), Induction hob twin (Chef Master), coffee grinder, microwave, electric griddle, dishwasher (Ecomax), blender (Phillips) and basket fryer
Rear restaurant (4.1 x 3.2m) comprising: 3 tables with chairs and covers for (10), various pictures, coffee table with lamp, settee.
W/C with wash basin, various shelves and a wall mounted mirror. Storeroom with shelving, 2 chest freezers and 2 metal frame stands.

EPC Rating C

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Veritas Business Sales Ltd, B90 on +44 121 721 9902 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Veritas Business Sales Ltd, and do not constitute property particulars. Please contact Veritas Business Sales Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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