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Leasehold Cafe Located In Newquay For Sale

Newquay, Cornwall
Asking Price:
£79,950 Furniture / Fixtures included
Sales Revenue:
£160,000
Cash Flow:
Available on request

Leasehold Cafe located in Newquay town centre. Established business that has been fully refurbished & refitted. Easy to operate and an ideal first business.

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. Andy’s Cafe serves a fine range of breakfasts, lunches to include freshly baked baguettes, omelettes, steak from the griddle, not forgetting the famous Andy’s 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.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 10 years
Remaining: 5 years
Rent: £21,720 pa
Rates: £8,100

Leasehold Rent:

£21,720 per annum

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.

Premises Details:

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

Energy Performance Rating:
C

Business Operation

Years established:
10 years

Other Information

Inventory / Stock value:
£2,000
Website:
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Contact Information

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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