Leasehold Coffee and Cocktail Bar for Sale in Falmouth Cornwall with Harbour Views
Falmouth, Cornwall
- Status
UNDER OFFER
- Advert ID
650901
- Reference
3248 / Rightbiz
- Call Agent:
- Leasehold: £44,950
- Turnover: £130,000 (£2,500 per week)
- Profit: Not Applicable
Business Details
Leasehold Coffee & Cocktail Bar Located In Falmouth
Leasehold Coffee & Cocktail Bar Located In FalmouthCurrently Trades Daytime Only
5 Star Food Hygiene Rating
Stunning Harbour Views
Ref 3248
Asking Price £44,950 plus SAV (£3,000)
Location
This delightful Coffee & Cocktail Bar is located in the vibrant harbour town of Falmouth. Situated within a prominent and highly visible trading position on Discovery Quay, one of the main waterfront areas of Falmouth, right beside the harbour, marina and the National Maritime Museum, giving it a lively mix of marina views, restaurants, shops, and cultural events.
Falmouth has recently been voted as one of the most desirable places to live in the UK.
Business Description
Veritas Business Sales are privileged to offer for sale this Coffee & Cocktail Bar which is located in Falmouth. The business has been established for over 30 years ago and has been in the careful hands of our clients for the past 2 ½ years. The café is now being sold due to the owners wishing to enjoy a well deserved retirement. Since ownership they have undertaken a complete refurbishment and invested in new equipment along with fixtures & fittings which are all bought and paid for (coffee machine & grinder is rented) 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. Java is owner operated and employs the help of 2 part time members of staff and has an annual turnover of circa £130,000. They serve simple vegan & vegetarian food, cream teas, cakes, local coffee, various teas and smoothies. All fayre is freshly prepared to order on site using only the finest local produce. The business also holds a full on licence for the sale of alcoholic drinks. We believe that there is further potential to increase trade should you wish to do so as they do not currently open in the evenings despite large demand during. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a great opportunity to purchase a readymade business with further potential which is a great base to build upon and as such early viewing is highly recommended.
Opening Times
Monday – Friday – 09:00 – 16:00
Saturday – 09:00 – 19:00
Sunday – 10:00 – 15:00
Leasehold
Original term: 7 years
Remaining: 3 years
Rent: £30,000 pa
Business rates: £8,000 pa
Ground Floor
Restaurant (3.3m x 5.1m) comprising: tables and chairs with bench, chair and stool seating to cover (40), sales counter, espresso coffee machine and grinder supplied (rented via Coffee South West), glass display case, numerous glass cake stands, various pictures, sink, and various shelves.
Toilet (2.5m x 0.8m) with w/c, wash basin and wall mounted mirror.
Kitchen (1.7m x 2.2m) comprising: combi oven, dishwasher (Italinox), ice machine, upright fridge freezer (Polar), stainless steel worktop, pannini grill (Adexa), 2 slice toaster, microwave (Toshiba), combi oven (Adexa), various shelves, wash basin with drainer and hot water unit.
Large storage area above the restaurant.
External
External area licenced for 40 currently utilising (25) covers
EPC Raring C
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.'.
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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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