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Leasehold Café Bar with Airbnb Accommodation in Thriving St Agnes, Cornwall for Sale

Saint Agnes, Cornwall
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Leasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, CornwallLeasehold Café Bar Located In St Agnes, Cornwall
  • Status

    UNDER OFFER

  • Date Submitted:

    20/05/24

  • Advert ID

    611543

  • Reference

    2993 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £59,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Leasehold Café Bar Located In St Agnes, Cornwall

Leasehold Café Bar Located In St Agnes, Cornwall
Licenced
Owners Accommodation
One Bedroom Airbnb ( Very Popular)

Ref 2993

Asking Price £59,950 plus SAV (1,000)


Location
This delightful Café is located in the Cornish seaside village of St Agnes. The Village has a population of circa 7,565 and sits in both a designated Area of Outstanding Natural Beauty and a World Heritage Site which produces high levels of tourism footfall, especially during summer months. St Agnes has a thriving and creative local community which supports lots of independent shops and businesses. Add to that beautiful, dog friendly beaches, world class pubs and restaurants, and access to some of the county’s most stunning coast path walks. The city of Truro is (7miles) to the west and the town of Newquay is (11 miles) to the north. The main A30 trunk road from Exeter to Penzance passes within a couple of miles.

Business Description
Veritas Business Sales are delighted to offer for sale this respected leasehold Café Bar which is located in St Agnes Cornwall. The business has been established for over 30 years and has been in the careful hands of our client for the past 4 years. They are now offering the business for sale due to other business interests requiring their attention.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Bull Frog Café Bar is owner operated and requires the help of 3 part time members of staff and has an annual turnover of £84,000. They serve locally sourced artisan coffee and organic teas along with pastries, freshly cut sandwiches, homemade soups, daily specials and cakes. All fayre is freshly prepared on site to order using only the finest locally sourced produce. The current owner has a hair salon on the first floor which could easily be converted into owner's accommodation. There is also a one bedroomed apartment which is used as Airbnb. Both the salon and the Airbnb have a separate entrance from the Café Bar..
We believe that there is further potential to increase trade by extending the current opening times and by opening in the evenings during the very busy summer months. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established café which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – Sunday – 10:00 – 16.00

Leasehold
Original Term: 10 Years
Remaining: 6 years
Rent: £14,400 pa
Reviewed: 3 years

Ground Floor
Restaurant (7.3m x 4.8m) comprising: 5 tables with chairs to cover (16), feature fireplace, serving counter with copper surface, draught beer dispenser with cooler, music system, espresso coffee machine (La Spaziale), 2 x coffee grinders, various menu boards, undercounter fridge, 3 door chiller unit, ice maker, epos till with monitor and copper wine glass rack.
Pot wash-room (2.6m x 2.3m) with sink drainer, boiler, kitchen wall & base units, washing machine (Indesit) and fridge (Indesit).
Kitchen (2.6m x 3.8m) comprising: 2 x stainless steel prep tables, griddle press, undercounter fridge, chest freezer, various shelves, wash basin, oven (Adexa), pizza oven, microwave (Sharp), upright fridge freezer (Hoover), induction grill (Caterlite), salad counter (Polar) and microwave (Panasonic).
Toilet (2.4m x 1.2m) with w/c and wash basin.

External
Tables and chairs to cover (18).

First Floor
Lounge/Salon (3.6m x 5.8m) with cutting chair, wooden chest, wall mounted mirror, coffee table, wash basin and settee.
Kitchen (4.2m x 3.1m) with wall & base kitchen units.
Lounge/dining Room (3.4m x 6.4m).
Conservatory (2.4m x 1.7m).
Bedroom (2.7m x 3.1m) double with wash basin.
Office (2.9m x 2.4m).
Toilet.
Airbnb
Bedroom (3.0m x 3.3m) double with en-suite (1.7m x 2.5m) shower and washbasin. Toilet with w/c and wash basin.

EPC Rating D

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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