Property Features

  • WELL ESTABLISHED VEGETARIAN & VEGAN RESTAURANT BUSINESS FOR SALE
  • CENTRAL LOCATION IN FALMOUTH
  • GOOD LOCAL COVENANT
  • ASSIGNMENT OF EXISTING LEASE
  • ENERGY PERFORMANCE RATING (F)

Property Summary

Opportunity to purchase a reputable vegetarian & vegan restaurant business, located in the heart of Falmouth. Located just off the main high street, the space extends to 281sqft and accommodates 18-20 covers within a small and eclectic setting. It is offered with an assignment of the existing lease until 2022.

Full Details

Accommodation:

Seating Area - 10.7sqm (115sqft)
Servery - 10.2sqm (109sqft)
Kitchen/Prep Area - 5.2sqm (56sqft)

Total Internal Area - 26.1sqm (281sqft)

Outdoor Seating - 2.0sqm (22sqft)
Rear Courtyard - 4.0sqm (43sqft)

The Business:

Pea Souk is located on Well Lane, just off the main thoroughfare of Church Street in the very center of Falmouth. It offers 18-20 covers in a small and charming setting and has a well-regarded reputation for it's vegetarian and vegan menu.
The premises offers internal and external seating areas and includes an outdoor yard to the rear of the property for storage.

The business currently averages a turnover of £67,700 with net profits of approx 25%. It is being offered at £30,000 to include goodwill, fixtures and fittings.

Trading all year round, the business is currently open as follows:

Monday - Saturday 10am–5pm
Sunday - Closed

Lease Terms:

The business is being sold with an assignment of the existing lease of 10 years, expiring on 01/04/2022. The passing rent is £7,750 pa.

Viewings:

As the business is currently trading we encourage all interested parties to view as customers in the first instance.
Further viewings/inspections can be arranged via Redgrave Commercial.

More Information

  • Make Enquiry
  • View EPC
  • Call 01872 277314