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 2905B
Leasehold Asking Price £89,950
Offers invited

The business

This is the listing for the café and takeaway sides of the business. Please see alternate listing for just the café side of the business.

This is a unique opportunity to buy the busiest independent café/restaurant & takeaway 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 for others to take it forward with new perspectives and ideas.
For the year ending 31 Jan 2024 its annual revenue was £679k (inc VAT). The business is unique as it has two different outlets on both sides of River St. One side 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 good weather at any time of year.
Opposite is the takeaway & shop, serving pastries, cakes, toasted sourdough sandwiches and lunches as well as lovely boujie gifts and foods to take home.
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.
Bread & Butter is owner-operated with the help of 8 full-time equivalent team members. There has been continual 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.
Dry stores (2.1m x 1.3m) with various shelves and window.
Apartment / office (3.5m x 4.0m). Currently used as an office, staff room & store room, but previously as an apartment.
Shower-room(1.3m x 3.1m) wash basin, shower and w/c.
Sandwich kitchen(3.1 x 1.3) currently used as additional prep-kitchen space, but previously as kitchen for the apartment. Work surface with sink, upright fridge (a-Class), tumble dryer and washing machine.

EPC Rating D

No 24 - takeaway & shop
Opening hours Mon - Sat 8.30am - 3pm
Leasehold
Original term: 6 years
Remaining: 4 years
Rent: £14,000 pa
Rateable value: £1271pa
EPC Rating D

Ground floor

Takeaway (6.1m x 5.2m). There is a full width
window providing fantastic display-space. The
current owners use this to create a magnificent
display of cakes and pastries which makes people
stop and gawp as they walk past! Newly renovated
as a modern speciality coffee shop in 2021, this is a
popular stop for people walking into town from the
station and car parks, and as a coffee-stop for the
nearby County Court and local offices.

Glass display chiller, hot food holding cabinet,
marble sales counter, electronic till with iPad,
espresso coffee machine (La Marzocco, leased),
coffee grinders (one owned, one leased), upright
drinks fridge, movable air-con unit, upright freezer,
various bespoke shelves made in birchwood ply, 2
tables with seating for (8), 2 x commercial
microwaves, panini press, 2 under counter fridges,
2 x undercounter fridges, sink with directional hose
and smoothie blender.
Storeroom (4.0m x 2.2m) with kitchen wall & base
units and various shelves.
W/C with wash basin.