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

Leasehold Coffee Shop & Tapas Located In Penryn
Prominent Town Centre Location
Ref 2887

Location
This delightful Coffee Shop & Tapas 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 (1 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.

Leasehold Asking Price: £19,950 plus sav (3,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Coffee Shop & Tapas which is located in Penryn, Cornwall. The premises has been a restaurant/cafe of some kind for over 29 years and has been in the careful hands of our clients for the past 16 months. Reluctantly the business is being offered for sale due to an unexpected change of personal circumstances.
Since ownership they have redecorated and 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. Gabby's Coffee Shop & Tapas has just closed its doors due to unforeseen personal reasons but has an annual turnover of circa £65,000 net of vat. The business served a fine range of fresh salads, paninis, hand cut sandwiches, coffees, cakes, tapas and daily specials.
We believe that there is further potential to increase trade by extending upon the current opening times, especially into the evenings and opening on Mondays in the summer months. The business enjoyed a strong reputation within the local community and beyond and as such had a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established food premises where a new purchaser can change the cuisine, which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - closed
Tuesday & Wednesday - 10:00am - 3:00pm
Thursday - Saturday - 10:00am - 3:00pm - 6:00pm - 10:00pm
Sunday - 10:00am - 3:00pm

Leasehold
Original term: 5 years
Remaining: 3 years 8 months
Rent: £5,400 pa
Reviewed: 3 years

Ground Floor
Restaurant (4.8m x 8.8m) comprising: 5 tables with chairs to cover (14), window breakfast bar with 2 x bar stools, various pictures and Welsh dresser. Kitchen (3.7m x 2.2m) comprising: Single fryer, toaster, various shelves, cooker (Induction), sink with drainer, undercounter fridge (Candy), undercounter freezer (Candy), extraction unit, till (Epos), espresso coffee machine (Coffee care), coffee grinder, cold drinks display cabinet, various menu boards.
Rear restaurant (3.8m x 3.1m) comprising: 3 tables with chairs to cover (10), oak corner unit, wall mounted mirror.
Prep & pot wash area (3.1m x 2.4m) with dishwasher (Ecomax), sink with drainer, kettle, various stainless steel shelves and 2 door chiller unit (Polar).
Storage area (2.7m x 2.4m).
W/C with wash basin and wall mounted mirror.

EPC Rating C