Dc2116 Attractive Tearoom With Three Bed Accommodation In East Cornwall | | Callington Cornwall | | • DELIGHTFUL TOWN CENTRE TEAROOM AND TAKEAWAY – East Cornwall • 24 COVERS AS CURRENTLY ARRANGED • SPACIOUS 3 BED RESIDENTIAL ACCOMMODATION OVER • PRESENTED IN IMMACULATE ORDER THROUGHOUT • VERY LOW RENT • IDEAL LIFESTYLE BUSINESS FOR COMMITTED COUPLE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 54542
ADVERT IMPRESSIONS : 23,154 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Tea Rooms & Coffee Shops | | SALE: | Agent Sale | LEASEHOLD: | £29,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
The town of Callington is situated in East Cornwall between Dartmoor to the East and Bodmin Moor to the West. A former agricultural market town, it lies at the intersection of the south-north A388 Saltash to Launceston road and the east-west A390 Tavistock to Liskeard road. The South Cornish coast and attractive beaches and fishing villages are but a short drive away.
In recent years, the town has seen much residential development with more planned. In common with nearby Liskeard it is increasingly seen as a viable commuter town for the city of Plymouth. A new Tesco superstore opened in August 2010 but was not given consent for an in-house café facility.
BUSINESS:
This long established town centre tearoom and takeaway benefits from a regular clientele including the retired, professionals and business people as well as local college students. The current offering comprises breakfasts, lunches including home made soups, quiches, casseroles and other specials, hot and cold snacks, cakes, biscuits and a wide range of beverages and a takeaway menu of breakfast items, sandwiches, baps and baguettes, toasties, hot soup, baked potatoes, pasties and quiches as well as boxed salads and hot and cold drinks. Buffets are also available to order.
The vendors advise that the premises hold full A3 consent. Currently laid out to provide 24 covers in comfort we understand that previous owners were able to accommodate up to c 35 covers.
A particular feature of this opportunity is the spacious residential accommodation laid out on two floors above the tearoom. It is attractively presented throughout and is held under a renewable lease at a particularly low rent which makes it a viable proposition as a lifestyle business opportunity for a committed couple with or without children.
YEARS ESTABLISHED:
We understand that a similar business has operated from the site for many years. The current owners acquired the lease in September 2006.
TRADE:
Sales of £35,697 were reported for the year ended 31 March 2011. This generated a gross profit of £24,626 (69%) and produced a reconstituted net profit of £10,527.
It should be borne in mind that with 100% of the property rent and a very high percentage of living costs covered by the business, the bottom line profit figure really represents disposable income for the owners.
REASON FOR SALE:
The vendors wish to return to Derbyshire to assist with the care of an elderly relative
STAFF:
None.
OPENING HOURS:
Monday to Friday: 9.00am to 3.00pm
Saturday: 9.00am to 2.00pm
Sunday: Closed
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
Stone built end of terrace period property laid out over three floors under a pitched and tiled roof. The current owners have invested in a comprehensive refurbishment programme and the property is now attractively presented in good order throughout.
Attractive shop front with three large windows and half glazed wooden door with glazed panel over all set within a wooden frame.
Two small steps up from street level the front door opens into:
Main Café Area (7.5m x 5.3m):
Servery Area:
Commercial Kitchen (4.7m x 2.3m):
Inner Hall (2.5m x 1.3m):
Outer Hall (4.0m x 1.2m):
Customer WC:
Staff WC:
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
The residential accommodation is accessed via a carpeted staircase with wooden hand rail to one side which rises from the Inner Hall to:
First Floor Landing:
Bathroom (3.4m max x 1.3m):
Kitchen (3.5m x 3.5m):
Lounge (5.3m plus alcove x 4.1m):
Carpeted stairs with half landing and full turn rise to:
Second Floor Landing:
Bedroom 1 (4.2m x 3.7m plus alcove):
Bedroom 2 (3.4m x 3.3m):
Bedroom 3 (3.2m x 2.0m):
From the landing a wooden door gives access to a wooden staircase with full turn rising to a second wooden door opening into a large attic storage space with wooden window to side elevation.
OUTSIDE:
The vendors use a parking space by arrangement with the owners of a neighbouring property
LEASE TERMS:
The property is held under a 10 year lease from 2005 on full repairing and insuring terms. Rent of £10,250 is currently payable and is subject to review every 3 years, the next review being due in 2014. | | | | | | FOR SALE | | | | | REFERENCE: | DC2116 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
