Dc2123 Stylish Freehold CafΙ/coffee Shop With Extensive Accommodation Liskeard | | Liskeard Cornwall | | SUBSTANTIAL TOWN CENTRE PERIOD PROPERTY 34 CAFE COVERS PLUS 2 x 3 BED APARTMENTS 16 EXTRA COVERS ON ATTRACTIVE REAR TERRACE HIGH QUALITY FIT OUT AND WONDERFUL AMBIANCE WOULD SUIT TWO FAMILIES INTERNAL INSPECTION STRONGLY RECOMMENDED | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60298
ADVERT IMPRESSIONS : 19,859 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | FREEHOLD: | £385,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
Liskeard is an ancient stannary and market town at the head of the Looe valley in South East Cornwall. Located 14 miles west of the Tamar river, many residents commute to Plymouth to work and there is a large number of retired people. Within easy reach to the south of Liskeard are the coves and resorts of the south Cornish coast, whilst the vast rugged expanse of Bodmin Moor lies to the north. By-passed by but immediately adjacent to the A38 the town is both highly accessible and yet at the same time very peaceful.
Liskeard was granted its market charter in 1240. Since then, it has been an important centre for agriculture. The town went through a period of economic prosperity during the pre-20th century boom in tin mining, becoming a key centre in the industry as a location for a stannary and coinage. It is one of the few towns in Cornwall still to have a weekly traditional agricultural market, this being on Thursdays.
Liskeard has seen considerable change in recent years with new shops such as Morrisons, Argos and large DIY Homebase stores being added on the outskirts of the town. Many new houses have also been built and further expansion is planned. The busy town centre is well served by local and national retailers and there are two main car parks as well as a railway station on the main line between Plymouth and Penzance.
BUSINESS:
The property is believed to have been originally constructed as a gentlemans residence during the mid 18th century. Standing immediately opposite the market hall the premises were later converted to a stylish public house with rooms known as the White Hart (the sign on the front of the property remains to this day). Subject to a major rebuild in 1976 and then presented subsequently as a licensed restaurant or bistro under several owners the business traded as such until the property was acquired by the present owners in 2004 when it was restyled as a cafι/coffee shop.
Now offering 28 internal covers plus a most attractive lounge area seating 7 more as currently laid out, together with up to 16 external covers on the most attractive and enclosed rear terrace, the business trades just below the Vat registration threshold based upon opening hours which leave considerable room for expansion if desired. In our opinion the style, presentation and location of the premises make them ideally suitable for evening bistro/restaurant opening throughout the week.
The cafι/coffee shop offers an attractive range of breakfast muffins or baguettes, scones, teacakes and croissants, Cornish cream teas, a selection of cakes and pastries, sandwiches and paninis, soup, jacket potatoes, omelettes and salads as well as a range of daily lunch specials. Italian blend coffees are offered as well as hot chocolate, a selection of teas and cold beverages.
Currently unlicensed (the present owners decided to give up the licence in view of the associated costs and their chosen offering but we are certain, given the nature and location of the property, that a premises licence would be likely to be granted to new owners if required) patrons are permitted to bring their own wine to supplement meals and no corkage is charged.
The residential accommodation is extensive offering separate 3 bedroom apartments on both the first and second floors, the former being particularly attractive benefiting from high ceilings, very attractive period features and exposed floorboards. The second floor apartment could be let out to generate rent of c £500 per month or alternatively the whole could be operated by two families in comfort.
All mains services are connected with a gas fired boiler providing hot water and central heating to the ground and first floor accommodation. The second floor is fitted with electric wall heaters and an independent electric hot water system but we understand that the gas supply could be extended to this level without major expense.
Externally there is a virtually new large wooden storage shed, further outside store and 2 parking spaces forming part of a large privately owned shared car park accessible via steps up from the rear of the premises or by vehicle from Pound Street.
YEARS ESTABLISHED:
A licensed restaurant/bistro traded from the site following a substantial rebuild of the premises in 1976. The property was acquired by the present owners in 2004 since which time it has operated as a cafι/coffee shop.
TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £68,565 were reported for the year ended 31 March 2011 (£66,009 31 March 2010).
A very high gross profit margin is maintained being 74.1% in the year ended 31 March 2011 and having averaged 72.8% over a three year period.
With high quality accommodation forming part of the business premises and personal food consumption largely provided for, the abridged profit (average £25,834 per annum over the past three years) permits a good standard of living.
The business is deliberately operated below the Vat registration threshold by the current owners and undoubted potential exists to grow turnover and profitability through longer opening hours or perhaps through the re-introduction of a licensed evening bistro restaurant service.
REASON FOR SALE:
Retirement
STAFF:
The vendors are assisted by two part time staff (Mondays to Fridays) each working a maximum of 18 hours with two students working 4 hours each on Saturdays
OPENING HOURS:
Monday to Friday: 9.30am to 4.30pm
Saturday: 9.30am to 3.00pm
Sunday: Closed
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The imposing and impressive terraced property understood to date from the Regency period with a major rebuild in 1976 is laid out over three floors under a pitched and tiled roof and although not formally listed stands in a Conservation area. The rear elevation is faced with slate tiles. To the rear a single storey extension under a sloping tiled roof accommodates the commercial kitchen with a roof storage space accessed from the half landing between the ground and first floors.
A centrally set, extra width, wooden entrance door with feature semi-circular glazed panel over opens into a small lobby from which an extra width, half glazed, wooden door opens into:
Open Plan Hall:
Open feature archway to left giving access to Coffee Lounge with bar servery
Two open feature archways to the right giving access to the Main Dining Area
Space for cloaks
A wooden door to the left gives access to the WC facilities
A wooden door to the rear with two steps up opens into the Rear Hall leading to the Rear Terrace and stairs rising to the residential accommodation on the first and second floors
The trading areas all benefit from industrial quality hardwearing 21mm laminate wood effect flooring
The ground floor benefits from many period features including plaster coving, dado and picture rails
A music system is installed with speakers appropriately located to serve the various areas
Coffee Lounge (4.2m x 2.8m):
Irregular shape
Offering 2 x matching 2 seater settees and 3 matching armchairs with adjacent low level coffee tables to provide 7 covers as presently arranged (we understand that a third matching settee is currently stored in the residential accommodation and is therefore available to provide additional covers if desired)
Wooden feature window to front elevation
Feature period corner fireplace with tiled insert
Feature overhead and wall lighting
Wooden door to meter cupboard
Glass fronted bottle chiller
Bar servery with access via hinged wooden flap
o High level mirror feature over
o High level internal storage space above and further storage below the bar servery itself
o Rear shelf accommodating San Remo coffee machine and ice maker
o Refrigerator
Main Dining Area (7.2m x 4.4m):
Irregular shape
Feature triple window to front elevation with fitted full length curtains
Wall lights
2 x overhead fans
Arranged to provide 27 covers (combinations of 2,3 and 4) with wooden tables and chairs
2 radiators
Tall cake display unit
Wooden table with soup kettle
To the rear on the right a further open archway gives access to:
Inner Passage (2.6m x 1.4m):
Tall fridge used for cakes and desserts
Wooden shelf accommodating cutlery and electric till and further wooden shelf over
Wooden door to further inner lobby with vinyl floor and recess accommodating chest freezer and fuse boxes and further door interconnecting with the Rear Hall
Half glazed wooden door to:
Commercial Kitchen (3.7m x 2.8m):
Irregular shape
UPVC double glazed window to rear elevation
Ceramic tiled walls
Non slip floor surface
Fluorescent strip light
Stainless steel extraction unit
6 burner range oven
Hot cupboard
Stainless steel prep tables with storage space under
Stainless steel double sink with drainer to side
Wash hand basin in vanity unit with soap dispensers over
Blue Seal grill
2 microwave ovens
Panini grill
Blizzard upright refrigerator
Blizzard upright freezer
Dishwasher
2 hot lamps
Wooden shelving
A half glazed wooden door to the side with fitted steel curtain gives access to the Rear Courtyard
WC Facilities:
A wooden door from the Open Plan Hall opens into an inner lobby with ceramic tiled floor with doors to:
Gents WC:
Ladies WC:
Rear Hall:
Rear Courtyard:
Rear Terrace:
A particular feature of the property and highly popular with patrons during the warmer months being a sheltered sun trap, fully paved and enclosed by pebble dashed walls to a considerable height on two sides and fence panels above a retaining wall on one side
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'.)
From the Rear Hall carpeted stairs with feature banister rail rise to a half landing with wooden door to loft storage space over the Commercial Kitchen extension before rising to:
First Floor Landing:
First Floor Apartment:
Currently being used as the owners private accommodation this most attractive apartment benefits from many period features including high level ceilings, plaster coving, picture rails and deep skirting boards.
Hallway:
Bedroom 1 (3.3m x 2.7m):
Bathroom (2.7m max x 1.7m max):
Bedroom 2 (4.6m max x 2.4m max):
Office/Bedroom 3 (3.5m x 1.7m):
Through Lounge and Kitchen (5.2m x 4.2m Lounge + 3.0m x 1.8m Kitchen):
From the First Floor Landing carpeted stairs with feature banister rail rise to a half landing with turn and then rise again to:
Second Floor Landing:
Second Floor Apartment:
Previously occupied by the owners daughter and eminently suitable as self contained accommodation for a second family sharing the running of the business or alternatively potentially to generate letting income estimated at c £500 per month. Also benefiting from some period features including plaster coving and deep skirting boards.
Hallway:
Bedroom 2 (3.3m x 2.4m widening to 3.4m):
Bathroom (3.2m max x 1.7m max):
Bedroom 1 (4.6m x 2.8m plus door alcove):
Bedroom 3 (3.5m x 2.7m):
Lounge (3.4m max x 4.7m max):
Kitchen (3.7m x 2.4m):
OUTSIDE:
The property is served by two private parking spaces forming part of a large shared car park with vehicular access via Pound Street and pedestrian access via three flights of stone steps rising from the Rear Terrace (please see above) | | | | | | FOR SALE | | | | | REFERENCE: | DC2123 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
