Leasehold Coffee and Cocktail Bar for Sale in Falmouth Cornwall with Harbour Views

Description

Leasehold Coffee and Cocktail Bar located in FalmouthCurrently trades daytime only5 Star Food Hygiene RatingStunning harbour viewsRef 3248Asking Price £44,950 plus SAV (£3,000)LOCATIONThis attractive Coffee and Cocktail Bar is located in the vibrant harbour town of Falmouth. It occupies a highly prominent and visible trading position on Discovery Quay, one of the town’s main waterfront destinations, directly adjacent to the harbour, marina and the National Maritime Museum. The area benefits from a lively mix of waterfront dining, retail outlets, cultural attractions and year-round visitor activity.Falmouth has recently been voted one of the most desirable places to live in the UK.BUSINESS DESCRIPTIONVeritas Business Sales are pleased to offer for sale this established Coffee and Cocktail Bar located in Falmouth. The business has been trading for over 30 years and has been under the current ownership for the past 2.5 years. It is now being sold due to the owners’ retirement.Since acquisition, the business has undergone a full refurbishment with investment in new equipment, fixtures and fittings, all of which are included in the sale price. The coffee machine and grinder are rented. This provides an advantage to the incoming purchaser, as no significant additional capital expenditure is required.The business is owner operated with the support of two part-time members of staff and currently achieves an annual turnover of approximately £130,000. The menu focuses on freshly prepared vegan and vegetarian dishes, cream teas, cakes, locally sourced coffee, teas and smoothies, all prepared on site using quality local produce. The premises also benefit from a full on-licence for the sale of alcoholic beverages.There is clear potential to increase turnover further, particularly through evening opening, which is currently not offered despite evident local demand. The business already benefits from strong levels of repeat custom from both the local community and visiting tourists.This represents a turnkey opportunity with further growth potential and is considered an ideal base for expansion. Early viewing is highly recommended.OPENING TIMESMonday - Friday - 09:00 - 16:00Saturday - 09:00 - 19:00Sunday - 10:00 - 15:00LEASEHOLDOriginal term: 7 yearsRemaining term: 3 yearsRent: £30,000 per annumBusiness rates: £8,000 per annumGROUND FLOORRestaurant (3.3m x 5.1m) comprising tables and chairs with bench, chair and stool seating for approximately 40 covers, sales counter, espresso coffee machine and grinder (rented via Coffee South West), glass display case, cake stands, artwork, sink and shelving.Toilet (2.5m x 0.8m) with WC, wash basin and wall mounted mirror.Kitchen (1.7m x 2.2m) comprising combi oven, dishwasher (Italinox), ice machine, upright fridge freezer (Polar), stainless steel worktop, panini grill (Adexa), 2 slice toaster, microwave (Toshiba), additional combi oven (Adexa), shelving, wash basin with drainer and hot water unit.Large storage area above the restaurant.EXTERNALExternal licensed area currently arranged for approximately 25 covers (licensed for 40).