Popular Licensed Café In St Ives Cornwall For Sale

Business description

We are pleased to offer for sale this popular licensed café, which was established by our client in 2010 and which is only now being placed on the market due to his wish to relocate. The café offers a varied menu of snacks and meals, along with a selection of alcohol and beverages, generating a turnover in the region of £150,000 per annum with a gross profit of 50%. The premises were completely refurbished in 2010 and are finished to a high standard throughout, offering a true walk-in-and-trade opportunity. A new owner could increase turnover by extending the opening hours and operating as a bistro in the evenings. There is also scope to offer outside catering services. We feel that the introduction of a web site with information about the café and its menu would increase trade. We feel this is an ideal opportunity to acquire a modern licensed café in such a desirable and sought after location. Early viewing, arranged with us must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 12 years
Remaining: 9 years
Review: every 3 years
Rent: £22,000 per annum

Leasehold rent:

£22,000 per annum

Location:

Rhubarbs is ideally located in the heart of the picturesque town of St Ives in Cornwall, surrounded by complementary shops and businesses. The licensed café lies just a few yards from St Ia, St Ives parish church, and a short walk from the lifeboat station and beach. St Ives is a popular destination for holiday makers and day trippers, and lies on the A3074 North Cornish Coastal Road. The town lies approximately 9.5 miles north of Penzance and less than 20 miles from Lands End.

Premises details:

3-storey café premises situated on a popular high street and briefly comprising:

Ground Floor
• Main restaurant/café area decorated in a contemporary style with timber flooring, tables and chairs to the front, raised area with further covers and servery with electronic cash register, coffee machine, dishwasher and plate storage area

First Floor
• Commercial kitchen with griddle, fryer, toaster, refrigerators, microwave oven, hob and oven with extractor system
• Further restaurant area with stripped pine flooring, tables and chairs and bar area
• Ladies & gents WCs

Second Floor
• Dry store and walk-in refrigerator
• Large room used as storage

Business Operation

Trading hours:

Mon - Fri: 8.00am - 5.00pm
Sat: 8.00am - 5.30pm
Sun: Closed