* Leasehold
* Coffee Shop & Tapas
* Low Rent
* Town Centre Location
Leasehold Coffee Shop & Tapas Located In Penryn
Prominent Town Centre Location
Ref 2887
Location
This delightful Coffee Shop & Tapas 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 (1 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
(8, 500 students). It has recently been voted as one of the most desirable
places to live in the UK.
Leasehold Asking Price: £24, 950 plus sav (3, 000)
Business Description
Veritas Business Sales are delighted to offer for sale this respected Coffee
Shop & Tapas which is located in Penryn, Cornwall. The premises has been a
restaurant/cafe of some kind for over 29 years and has been in the careful
hands of our clients for the past 16 months. Reluctantly the business is being
offered for sale due to an unexpected change of personal circumstances.
Since ownership they have redecorated and 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. Gabby's Coffee Shop & Tapas has just
closed its doors due to unforeseen personal reasons but has an annual turnover
of circa £65, 000 net of vat. The business served a fine range of fresh salads,
paninis, hand cut sandwiches, coffees, cakes, tapas and daily specials.
We believe that there is further potential to increase trade by extending upon
the current opening times, especially into the evenings and opening on Mondays
in the summer months. The business enjoyed a strong reputation within the
local community and beyond and as such had a high level of regular and repeat
trade along with many visiting tourists. This is a superb opportunity to
purchase an established food premises where a new purchaser can change the
cuisine, which is a great base to build upon and as such early viewing is
highly recommended.
Opening Hours
Monday - closed
Tuesday & Wednesday - 10: 00am - 3: 00pm
Thursday - Saturday - 10: 00am - 3: 00pm - 6: 00pm - 10: 00pm
Sunday - 10: 00am - 3: 00pm
Leasehold
Original term: 5 years
Remaining: 3 years 8 months
Rent: £5, 400 pa
Reviewed: 3 years
Ground Floor
Restaurant (4. 8m x 8. 8m) comprising: 5 tables with chairs to cover (14),
window breakfast bar with 2 x bar stools, various pictures and Welsh dresser.
Kitchen (3. 7m x 2. 2m) comprising: Single fryer, toaster, various shelves,
cooker (Induction), sink with drainer, undercounter fridge (Candy),
undercounter freezer (Candy), extraction unit, till (Epos), espresso coffee
machine (Coffee care), coffee grinder, cold drinks display cabinet, various
menu boards.
Rear restaurant (3. 8m x 3. 1m) comprising: 3 tables with chairs to cover (10),
oak corner unit, wall mounted mirror.
Prep & pot wash area (3. 1m x 2. 4m) with dishwasher (Ecomax), sink with
drainer, kettle, various stainless steel shelves and 2 door chiller unit
(Polar).
Storage area (2. 7m x 2. 4m).
W/C with wash basin and wall mounted mirror.
EPC Rating C

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