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Restaurant/cafe for sale

£39,950

Pea Souk, 19c, Well Lane, Falmouth, Cornwall TR11

Interested in this property? Call +44 1872 395926 * or

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Property features

  • Well established vegetarian & vegan cafe in popular harbourside town
  • Eclectic decor with 18 - 20 covers
  • Ideal husband & wife business
  • Assignment of existing lease
  • EPC (tbc)

Property description

A Popular Vegan and Vegetarian Cafe in the heart of the popular harbour side town of Falmouth.

Location

Pea Souk is situated on Well Lane, just off the main thoroughfare through the thriving harbourside town of Falmouth. Located on Cornwall's south coast, Falmouth is a busy University town, famous for its harbour, sandy beaches and wide variety of bars, restaurants and niche retailers.

The Property

Extending to approximately 275 sqft, Pea Souk comprises an eclectic cafe area with 18 to 20 covers, customer wc, kitchen and small rear courtyard with storage shed.

The Business

During her 10 year tenure, our client has built up an enviable reputation, both locally and nationally, for excellent vegetarian and vegan fare, trading all year round with extended opening during the summer season and a popular monthly supper club. The cafe also offers private parties and is a familiar face at many local food festivals.

Trading accounts for the year ending April 2017 show sales of £74,126 with a 61% gross profit margin. Further accounting information will be made available to interested parties, following a viewing, in the normal manner.

The Accommodation Comprises

(all areas and dimensions are approximate)

Main Cafe

5.12m x 3.39m. With a large picture window to the front elevation and a range of built in and free standing tables and chairs, free standing glass display chiller, 2 spout coffee machine, grinder, electric till, undercounter fridge, glass fronted undercounter bottle fridge. Access to:-

Rear Lobby

Access to:-

Customer Wc

Wash Up Area

Kitchen

2.09m x 1.70m. 4 ring gas range with electric oven, Buffalo double grill, undercounter fridge, range of shelving, window to rear, door to:-

Rear Courtyard

A small decked courtyard with storage shed housing an upright fridge and upright freezer.

Tenure

The business is being offered for sale by way of the assignment of the existing 10 year lease which commenced on 2nd April 2012 at a passing rental of £7,750 per annum. The Lease is to be included within the Security of Tenure Provisions of the Landlord & Tenant Act 1954 Part II Sections 24-28.

General Information

Local authority
Cornwall Council
General Enquiries Planning

Energy Performance Certificate

The Energy Performance Rating for this property is to be confirmed.

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Business Rates

We refer you to the government website .

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: South West Water: Transco:

Stock

To be taken at valuation.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact either:-
Graham Timmins on or via email or
Paul Collins on or via email or
Beverley Northey on or via email

Plans: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

Agents note: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial llp registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial llp is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial llp. VAT Registration No.

viewing: Strictly by prior appointment through Miller Commercial.

Property info

What Zoopla users think of Falmouth

Overall rating:

  • currently 4 stars
Very good - 81% (66 ratings)

Ratings breakdown:

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

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

Nearby transport

  • Falmouth Town (0.4 miles)
  • Falmouth Docks (0.6 miles)
  • Penmere (0.7 miles)
  • Exeter International Airport (83.2 miles)
  • Cardiff Airport (114.4 miles)
  • The Blaye Airport (130.8 miles)
  • Custom House Quay (0.2 miles)
  • Falmouth Prince of Wales Pier Ferry Landing (0.2 miles)
  • Falmouth Ntl Maritime Museum Ferry Landing (0.3 miles)

Nearby schools

View all schools in Cornwall
  • King Charles Primary School (0.4 miles)
  • Falmouth Primary Academy (0.6 miles)
  • Marlborough School (0.7 miles)
  • Truro and Penwith College (7.7 miles)
  • Cornwall College (18.3 miles)
  • UTC Plymouth (42.4 miles)
  • Falmouth School (1.2 miles)
  • Penryn College (2.3 miles)
  • Truro High School (7.2 miles)
Note: Distances are straight line measurements

Local info for Cornwall

About the neighbours in TR11

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For more information about this property, please contact
Miller Commercial, TR1 on +44 1872 395926 * (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 Miller Commercial, and do not constitute property particulars. Please contact Miller Commercial 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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