- 467 Sq Ft
- REPUTABLE CAFE BUSINESS FOR SALE
- CENTRAL LOCATION IN FALMOUTH
- GOOD LOCAL COVENANT
- ASSIGNMENT OF EXISTING LEASE
- GRADE II LISTED - EPC EXEMPT
Reputable cafe business for sale located in the heart of Falmouth, just off the the main high street. This is a licensed daytime cafe, extending to 467sqft including kitchen and dining area to accommodate approx 24 covers. It is available immediately, under assignment of an existing lease until 2027. Viewing is highly recommended.
This is a Grade II listed property located on the lower ground floor of 48 Church Street, accessible via Upton Slip in central Falmouth. Close to a principal town centre car park, Church Street is a busy high street and benefits from high pedestrian footfall.
The cafe is well-known locally and trades all year round, with extended opening hours in the busy summer season. It comprises a well-lit dining area accommodating approx 24 covers, together with a commercially-fitted kitchen. The business holds an alcohol licence to be served with food.
We are advised that the business has been consistently profitable, with the recent 2018 accounts showing a profit of 24%. Further accounts can be made available on request.
Restaurant - 18sqm (193sqft)
Bar - 7.3sqm (79sqft)
Kitchen - 18.1sqm (194sqft)
Total Net Internal Area - 43.3sqm (467sqft)
The business is being sold with an assignment of the existing lease of 20 years expiring on 4th June 2027. The passing rent is £8,040 pa.
It is being offered at £37,500 to include goodwill, fixtures and fittings.
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.