Restaurant/cafe for sale in River Street, Truro TR1

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