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Restaurant/cafe for sale

£39,950 (£4/sq. ft) Offers in region of

St Thomas Street, Penryn TR10

10,000 sq. ft*
Interested in this property? Call +44 121 721 9902 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Established business
  • Currently operated by staff
  • Very low overheads
  • Potential to increase turnover

Property description

Established Café In Penryn Near Falmouth For Sale
Ref 2100

Location

This delightful business is located in Penryn which is one of Cornwall’s most ancient towns and boasts a wealth of history. Penryn has retained a large amount of its heritage and has been designated as an important conservation area. Within one mile you will find the vibrant town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. It has recently been voted as one of the most desirable places to live in the UK.

Business information

Asking Price: £39,950 plus sav
Turnover: £71,171
Stock: £2,000

Leasehold

Original term: 5 years
Remaining: 4 years 6 months
Rent: £3,850 pa
Rates: Zero

Business Description

Veritas Business Sales are delighted to offer for sale this respected Café business which is located in the very popular harbour town of Penryn near Falmouth. The premises has been a restaurant/cafe of some kind for over 27 years and has been in the careful hand of my clients for the last 7 years. Reluctantly the business is being offered for sale due to other business commitments. Since ownership they have 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 currently operated by staff members and employs the help of 1 full time and 4 part time members of staff and has an annual turnover of £79,171 net of vat. Earth and Water Cafe serves a fine range of fresh salads, hand cut sandwiches, freshly cooked pasties and a selection of hot and cold drinks where they are well known for their fantastic coffee. All fair is freshly prepared to order on site using only the freshest produce. We believe that the business would thrive by having an owner operator to hand and there is further potential to increase trade by opening on Sundays and extending upon the current opening times, especially into the evenings at weekends in the summer months. 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 business is not to be missed.

Opening Hours

Monday – Saturday – 8.30am – 5.00pm
Sunday – closed

Ground Floor

Restaurant/café comprising: 5 tables with chairs, two seater settee in the window with coffee table, espresso coffee machine (La Paziale), Pastry oven (Kuk), chiller cabinet (Blizzard), sandwich grill (Buffalo), blender, sink with draining board, side table, serving counter with electronic cash register, 2 pine shelving units, chilled food display unit, shelving unit, various blackboards and pictures.
W/C with wash basin and various shelves.
Store room with shelving, 2 chest freezers and 2 metal frame stands.


What Zoopla users think of Penryn

Overall rating:

  • currently 3.5 stars
Good - 66% (21 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Penryn:

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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
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  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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  • 4
  • 5

Nearby transport

  • Penryn (Cornwall) (0.5 miles)
  • Penmere (1.5 miles)
  • Falmouth Town (2.1 miles)
  • Exeter International Airport (84.0 miles)
  • Cardiff Airport (114.6 miles)
  • The Blaye Airport (132.4 miles)
  • Ponsharden Ferry Landing (0.7 miles)
  • Flushing Falmouth Ferry Landing (1.4 miles)
  • Falmouth Prince of Wales Pier Ferry Landing (1.6 miles)

Nearby schools

View all schools in Cornwall
  • Penryn Primary Academy (0.6 miles)
  • Falmouth Primary Academy (1.2 miles)
  • Mabe Community Primary School (1.2 miles)
  • Truro and Penwith College (6.6 miles)
  • Cornwall College (18.7 miles)
  • UTC Plymouth (43.5 miles)
  • Penryn College (0.6 miles)
  • Falmouth School (0.7 miles)
  • Richard Lander School (6.4 miles)
Note: Distances are straight line measurements

Local info for Cornwall

About the neighbours in TR10

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Veritas Business Sales Ltd, B90 on +44 121 721 9902 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Veritas Business Sales Ltd, and do not constitute property particulars. Please contact Veritas Business Sales Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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