Coffee Shop And Sandwich Bar In Penzance Cornwall For Sale

Business description

Preferred Commercial is delighted to offer for sale this busy café, which has been in our client's careful hands since 1993 and which is only now offered to the market due to our client's wish for a change of career. The business trades 6 days a week and generates a turnover in the region of £202,000 per annum with a gross profit of 65%. The Terrace Coffee & Sandwich Bar offers hot and cold beverages, along with a range of high quality food to eat in or takeaway with a delivery service offered. We feel the turnover could be increased by applying for an alcohol licence and opening the café as a bistro in the evenings. There is also scope to expand the already established outside catering service. The café has an enviable reputation and enjoys a loyal customer base with much repeat trade and word of mouth recommendations. The Terrace was awarded a prestigious Gold level CHEFS Award in 2011 by Cornwall Council in recognition of its commitment to offering healthy menu options using locally sourced food. The premises are well-equipped to suit the trade and boast two spacious café areas and a commercial kitchen. There is also a self-contained 1-bedroom flat, which is let out to generate an additional income of £450 per month. We feel this represents an ideal opportunity to acquire an already busy café and sandwich bar in such a desirable location and with an enviable reputation. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 12 years
Remaining: 8 years
Review: every 4 years
Rent: £21,000 per annum

Leasehold rent:

£21,000 per annum

Location:

The Terrace Coffee & Sandwich Bar occupies substantial 3-storey corner premises, ideally located on a busy high street in the heart of Penzance, Cornwall. The premises are situated close to local amenities and are surrounded by a wealth of complementary shops and businesses. There are ample parking facilities in the vicinity and the business enjoys a high footfall with much passing trade. The bus station, railway station and ferry terminal are all within easy walking distance, as are the harbour, seafront and promenade. Penzance is a popular seaside resort, boasting many tourist attractions, restaurants, cafes, bars and hotels. The town is a desirable place in which to live and work and is popular with visitors of all kinds. Penzance is located in Mounts Bay, just 10 miles from Lands End, and easily accessed via the A-road network, including the A30 and the A394. St Ives is approximately 8 miles away, while Newquay is approximately 33 miles to the north east.

Premises details:

Substantial 3-storey café premises with self-contained 1-bedroom apartment. Briefly comprising:

Ground Floor
• Café area with tables and chairs for up to 12 covers, chilled glass display counter, Panini machine, coffee machine, drinks chiller, refrigerator, smoothie machine and electronic cash register
• Preparation area
• WC with wash hand basin

Lower Ground Floor
• Further seating area for up to 24 covers

First Floor
• Commercial kitchen with oven, hob, dishwasher, food processor, fridge-freezer and storage.
Apartment:
• Lounge with windows to front

Second Floor
• Kitchen
• Bathroom
• Double bedroom
• WC

External
• Frontage onto busy high street

Business Operation

Trading hours:

Mon - Sat: 9:30am to 4:00pm
Sun: Closed