MapProperty for sale
Bank Street, Newquay TR7
Property
Features and description
- Tenure: Leasehold (6 years remaining)
- Trading Artisan coffee shop business
- Potential for lunch/sandwich business expansion
- Fully equipped and ready to run
- Successful business trading accounts
- Coffee training available
- With or without current coffee wholesale, no tie
- Central Newquay location, busy footfall
- Sit in and take out business
- Shared dry store/prep area and wc
- Leasehold premises at £9,500 per annum
FULLY EQUIPPED ESTABLISHED COFFEE SHOP BUSINESS IN CENTRAL NEWQUAY NEXT TO THE KILLACOURT WITH TRADING FIGURES AVAILABLE FOR IMMEDIATE TAKEOVER
The Roasting Room is an attractive well established and well presented artisan coffee shop servery in central Newquay offering quality coffee products for drink in and take-out, along with cakes and pastries. The premises trade with a limited number of staff for limited coffee style hours and, as such, there is potential to increase offerings and trade with a new owner. The premises are held on a 6 Year lease and are available immediately, including all necessary equipment, fixtures and fittings to carry on as a coffee shop.
Branding - The current owners are continuing their successful wholesale umbrella business called The Roasting Room, so the name of the coffee shop will need to be changed and re-branded. The current owners are happy to continue supplying coffee to the shop at commercial wholesale rates, or a new owner can forge a new relationship with a replacement coffee provider if preferred. If the supply relationship is to continue, the current owner will provide on-site training as part of a handover. All of the required equipment is owned and included in the sale (see inventory ).
Lease - The current owners have just signed a new 6 Year lease extension from the 29th September 2024 at a passing rent of £9,500pax. The next rent review is 29th September 2027. The commercial lease is outside the provisions of the landlord and tenant act 1954. The tenant is required to pay 18.8% of the annual buildings insurance premium to the landlord to insure the building. The lease allows for a user as coffee shop/sandwich bar (excluding ice cream). The premises qualify for small business rate relief under current provisions (subject to user qualification). The lease will be assigned to a new owner.
Shared Facilities - The shop and 3 surrounding business users share the use of a staff wc with a key. There are no customer toilets but there are some public toilets directly across the road. The shop also has shared use of a rear dry store/wash-up that serves as a further exit passageway and is shared with the neighbouring ice cream shop (separate electric and water supplies for each business in this space).
Services - The shop has independent water and electric supply meters.
Equipment Inventory Included In The Sale - •Victoria Arduino White Eagle Coffee machine
•Victoria Arduino Mythos one Grinder x2
•Polar Drinks fridge x2
•Samsung Dishwasher
•Polar ice machine
•8 x black stools
•4 x pine stools
•Glass display cabinet x 2
•Pine shelving display cabinet
•Milk jugs in various sizes x 8
•Pitcher rinser in counter top
•Cutlery
•Kitchen knifes
•Chopping Boards
•Various Catering equipment
•Coffee knock box
•Till
•Square up Till system
•Over door heat curtain
•Storage seating bench
•Out side bench used as coffee table
•Hot tap Heater
The Business - Trading accounts are available for 2023/2024. Please enquire for further details
Rateable Value - £10,500
Energy Performance Certificate - Awaited
The Roasting Room is an attractive well established and well presented artisan coffee shop servery in central Newquay offering quality coffee products for drink in and take-out, along with cakes and pastries. The premises trade with a limited number of staff for limited coffee style hours and, as such, there is potential to increase offerings and trade with a new owner. The premises are held on a 6 Year lease and are available immediately, including all necessary equipment, fixtures and fittings to carry on as a coffee shop.
Branding - The current owners are continuing their successful wholesale umbrella business called The Roasting Room, so the name of the coffee shop will need to be changed and re-branded. The current owners are happy to continue supplying coffee to the shop at commercial wholesale rates, or a new owner can forge a new relationship with a replacement coffee provider if preferred. If the supply relationship is to continue, the current owner will provide on-site training as part of a handover. All of the required equipment is owned and included in the sale (see inventory ).
Lease - The current owners have just signed a new 6 Year lease extension from the 29th September 2024 at a passing rent of £9,500pax. The next rent review is 29th September 2027. The commercial lease is outside the provisions of the landlord and tenant act 1954. The tenant is required to pay 18.8% of the annual buildings insurance premium to the landlord to insure the building. The lease allows for a user as coffee shop/sandwich bar (excluding ice cream). The premises qualify for small business rate relief under current provisions (subject to user qualification). The lease will be assigned to a new owner.
Shared Facilities - The shop and 3 surrounding business users share the use of a staff wc with a key. There are no customer toilets but there are some public toilets directly across the road. The shop also has shared use of a rear dry store/wash-up that serves as a further exit passageway and is shared with the neighbouring ice cream shop (separate electric and water supplies for each business in this space).
Services - The shop has independent water and electric supply meters.
Equipment Inventory Included In The Sale - •Victoria Arduino White Eagle Coffee machine
•Victoria Arduino Mythos one Grinder x2
•Polar Drinks fridge x2
•Samsung Dishwasher
•Polar ice machine
•8 x black stools
•4 x pine stools
•Glass display cabinet x 2
•Pine shelving display cabinet
•Milk jugs in various sizes x 8
•Pitcher rinser in counter top
•Cutlery
•Kitchen knifes
•Chopping Boards
•Various Catering equipment
•Coffee knock box
•Till
•Square up Till system
•Over door heat curtain
•Storage seating bench
•Out side bench used as coffee table
•Hot tap Heater
The Business - Trading accounts are available for 2023/2024. Please enquire for further details
Rateable Value - £10,500
Energy Performance Certificate - Awaited
Property information from this agent
About this agent
Established in 1977 by the Start family, we are a trusted independent family run firm of estate agents dealing in the sale and rental of residential and commercial property in and around the Newquay area. We also deal with Property Management, New Homes Development and Auctioneering. We pride ourselves on our depth of local knowledge and targeted Newquay experience to deliver the very best property related service to all of our clients, big and small. Situated in the very centre of Newquay and still run by three enthusiastic members of the Start family with a wealth of local experience, we adopt a `no nonsense` and friendly approach to property transactions aiming to sell or rent your home with the minimum of fuss, at the maximum price and for a reasonable fee. It’s simple. We love the town, beaches and fantastic lifestyle. We all live in Newquay and believe passionately in all that the town and surrounding areas have to offer. Our in-depth knowledge and experience helps us to match properties to the individual in a way no other agency can. We have a vested interest in helping you to make the right decisions and not just because we will probably bump into you on the beach, in one of our amazing local restaurants, or simply getting the morning paper! We love supporting Newquay and all it has to offer and we sponsor many local sports clubs, Newquay Fish Festival, local charitable events and business groups, to help our town grow and to impact on our customers, the people that live here.