Leasehold Café/Restaurant Located In Newquay
Prominent Town Centre Location
Licensed
Ref 2981

Asking Price £49,950 plus SAV (£2,000)

Location
This established Café is located within a busy parade of shops just off one of the main thoroughfare roads in Newquay town centre. Newquay is one of the nation's favourite seaside towns, exudes the laid-back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort, all wrapped up in the most fantastic coastal scenery.

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Cafe which is located in the Cornish seaside town of Newquay. The business has been established for 50 years and has been in the careful hands of our clients for the past 8 months. Reluctantly the business is now being offered for sale so that they can concentrate on their other business interests.
Since ownership they have completely redecorated the premises and 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. The business is owner operated with the help of 1 full time and 5 part time members of staff (depending on the time of year) and has an annual turnover of circa £200,000 with a high GP & net profit. Bunters Café serves a fine range of breakfasts, lunches, cream teas with homemade scones & cakes (all made with fresh local ingredients), cold drinks, freshly made specialist coffee and fruit teas. The café has internal seating for (60) and external seating for (12).
We believe that there is further potential to increase trade should you wish, by advertising to the many local businesses for lunch time deliveries during the out of season months, make more use of the delivery portals and open in the evening, the business has many requests for this but currently closes at 4.00pm. The business enjoys a very 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 superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday - Saturday - 08:00 - 16:00
Sunday - closed

Leasehold
Term: 10 years
Remaining: 7years
Reviewed: 5 yearly
Rent: £20,000 pa
Rates: £1,840

Ground Floor
Restaurant (10.7m x 6.1m) comprising: tables & chairs to cover (60), various menu boards, bench seating, various pictures, serving counter, cash register (Loyverse) cash till, undercounter fridge (Beko), chiller display unit, various shelves, large bain-marie, buffet counter with warming cupboard and hot lights, 6 pot bain-marie (Lincat), 2 slice toaster and 4 slice toaster.
Drinks prep area (1.6m x 1.6m) comprising: hot water dispenser (Instanta), espresso coffee machine (Francino), coffee machine (Nova) and various shelves and serving counter and drinks display fridge.
Gents W/C with wash basin.
Ladies W/C with wash basin.
Storeroom (2.8m x 1.5m) with upright fridge (Sterling), various shelves, oven (Blue Seal), under counter fridge, 2 x undercounter freezers and chest freezer (Electra).
Kitchen (5.4m x 3.0m) comprising: wash basin, stainless steel prep table, wash basin with drainer, undercounter freezer (White Knight), under counter freezer (Swan), undercounter freezer
(Hot point), 4 x stainless steel microwaves (Sharp), 2 prep tables, upright fridge (Williams), dual fryer (Falcon), single fryer (Valentine), griddle (Malibu), salamander grill (Blue Seal) and plate warming oven (Dane).
Dry stores (6.7m x 1.0m) with various shelves.
Pot wash area (2.2m x 3.4m) with dishwasher (Maid Aid), dual sink with drainer, upright drinks fridge (Vest Frost), undercounter fridge, undercounter freezer, microwave (Samsung) and small chest freezer.
Rear kitchen area with walk in freezer (Caravell), black chest freezer and undercounter grey fridge.

External
Frontage with tables & chairs to cover (12).

EPC Rating B

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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