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Restaurant/cafe for sale

£49,950 (£49.95/sq. ft) Offers in region of

2 Central Square, Newquay TR7

1,000 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

  • Prominent location
  • 2 bedroom owners accommodation above
  • Ideal starter business
  • Fully fitted
  • Genuine retirement sale
  • Scope to increase turnover
  • Established business

Property description

Tea Rooms & Cafe For Sale In Newquay
Ref 2133

Location

This outstanding and well respected Tea room & Cafe business is located on the main thoroughfare road within Newquay town centre with stunning views of the Atlantic Ocean. Newquay is one of the nation's favourite seaside towns, 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.

Business information

Asking Price: £49,950 plus sav
Turnover: £70,657 per annum
gp: £48,832 (69.11%)
Stock: £500

Leasehold

Original term: 6 years
Remaining : 5 years
Rent: £12,500 pa
Rates: £8,020

Business Description

Veritas Business Sales are delighted to offer for sale this established and well respected Tea Room/Cafe business which is located in Newquay. The business has been established for 70 years and has been in the careful hands of my clients for the past 5 years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. 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 owner operated requiring no staff and has an annual turnover of £70,657 with a gross profit of £48,832 (69.11%). Martha’s Tea Room serves a fine range of homemade cakes, scones, sandwiches, cream teas, milk shakes, soft drinks as well as freshly made specialist coffee, breakfast tea and fruit teas. We believe that there is further potential to increase trade by extending upon the current opening hours during the summer months and expanding upon the current menu to offer breakfasts. The business enjoys a very 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
Summer
Monday – Sunday – 10.00 am – 5.00 pm
Winter
Monday – Saturday – 10.00 am – 4.00 pm

Ground Floor
Café/Kitchen area comprising: Electronic cash register (Casio), various cake display cases, dishwasher (Haleyon), salad prep chiller unit (Polar), expresso coffee machine, sink with drainer, hand wash basin, coffee grinder, under counter fridge (Beko), under counter drinks fridge, toaster (Breville), sandwich toaster (buffalo), small oven, soup kettle, white under counter fridge (Fridgidere), serving counter and insect zapper
Restaurant with 7 tables with chairs and various pictures
Restaurant with 5 tables with chairs and various pictures

First Floor
Owner accommodation (2 bedroom flat)
Kitchen comprising: 3 stainless steel tables, oven (Burco), various shelves and kitchen units, stainless steel sink with drainer, under counter fridge (Ice king), white fridge, microwave, mixer (Cook Mill), blender (Robot Coupe) and hand wash basin
W/C with wash hand basin
Double bedroom
Single bedroom
Lounge
Shower room


What Zoopla users think of Newquay

Overall rating:

  • currently 4 stars
Very good - 76% (37 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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Entertainment & nightlife
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Parks & recreation
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Restaurants & shopping
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Schools & public services
  • currently stars
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  • 1
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  • 5
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  • 5
Parks & recreation
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  • 1
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  • 5
Restaurants & shopping
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  • 1
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  • 5
Schools & public services
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Nearby transport

  • Newquay (0.5 miles)
  • Quintrell Downs (2.6 miles)
  • St Columb Road (6.5 miles)
  • Exeter International Airport (76.8 miles)
  • Cardiff Airport (102.0 miles)
  • Bristol Airport (123.1 miles)
  • Padstow Ferry Landing (11.1 miles)
  • Rock Padstow Ferry Landing (11.5 miles)
  • Tolverne Ferry Landing (13.5 miles)

Nearby schools

View all schools in Cornwall
  • Trenance Learning Academy (0.3 miles)
  • Newquay Junior Academy (0.6 miles)
  • The Bishops CofE Primary School (0.8 miles)
  • Truro and Penwith College (10.4 miles)
  • Cornwall College (14.1 miles)
  • UTC Plymouth (40.2 miles)
  • Newquay Tretherras (1.3 miles)
  • Treviglas Community College (1.7 miles)
  • Polwhele House School (9.1 miles)
Note: Distances are straight line measurements

Local info for Cornwall

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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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