Restaurant

Fodders, Tinners Court, Back Quay, Truro, Cornwall, TR1 2LL

  • Truro
  • £45,000
  • 1,020 Sq Ft

Property Features

  • £9'823 PER ANNUM TO RENT
  • POTENTIAL FOR EVENING TRADE
  • ENERGY PERFORMANCE RATING (C)
  • LONG ESTABLISHED HISTORY
  • FORMAL VIEWING RECOMMENDED

Property Summary

An opportunity to acquire a long established restaurant/café business in the heart of Truro just off Lemon Quay. Trading from a former stable loft the business has been established since 1981 & run by the current owners for 22 years. There are 19years remaining on the lease & viewing is recommended.

Full Details

Accomodation
Main Restaurant & Servery providing 64 Covers:
6.3m x 10.2m - 63.9sqm (687sqft)
Kitchen - Equipped and with Extraction system:
4.0m x 4.5m - 17.7sqm (190sqft)
Store: 4.2m x 2.2m - 9.2sqm (99sqft)
Office: 1.9m x 2.2m - 4.1sqm (44sqft)
Overall: 6.3m x 17.1m - 106.7sqm (1,149sqft)

Lease Terms
Commencement - 1981
Length - 52-years
Remaining Term - 19-years
Rent Reviews - 4-yearly
Next Review - 2017

The Business
Price - £45,000 (inclusive of equipment and exclusive of stock at valuation)
Average Annual Turnover - £68,000
Gross Profit - 78%*
Adjusted Net Profit - £15,000pa

*Please note this figure is linked to an associated business the Espresso Bar on the ground floor. This element is also available the combined figures are as follows:

Price - Average Annual Turnover - £170,000
Gross Profit - 78%
Adjusted Net Profit - £38,000pa

More Information

  • Make Enquiry
  • Call 01872 277 314