• CONTEMPORARY DAYTIME CAFE

Price:

Leasehold - £29,950

Seller Ref:

B35638

Location:

Cornwall, Truro

Business Type:

Food Service Businesses

See Other:

Cafés for sale in Cornwall
Food service businesses for sale in Cornwall

Description:

THE BUSINESS:

• REFURBISHED GROUND FLOOR & FIRST FLOOR (20 COVERS) AREAS
• CONSISTENT TRADE (75% TAKE-AWAY/25% SIT-IN)
• FIRST FLOOR STORE/OFFICE & KITCHEN
• STRONG TRADING LOCATION
• SECURE RENEWABLE LEASE
• VIEWING HIGHLY RECOMMENDED
PROPERTY / BUSINESS
Ciao is a substantial two-storey building, which enjoys return frontage, the exterior and the interior having been subject to redecoration and signage, creating a modern look in this historic building.

On the ground floor the retail area has some seating by the windows and display/serving facilities with a wash-up/dishwasher behind the serving counter.

The business is principally concerned with take-away sales (advised circa 75%) with the remainder (25%) being sit-in trade either on the ground floor or first floor facility; which has ample space for 20 covers.

The business trades all year between the hours of 8.00 a.m. and 5.00 p.m. Monday to Friday and 9.00 a.m. to 4.30 p.m. on Saturday. We understand the business has traded on this site for the past circa 10 years and is now being sold by our client who has new location plans. Ciao is an ideal husband and wife/partnership operation with some part-time assistance to cover days off etc.

We understand the business is currently taking in the region of £1,200 - £1,500 per week and produces a gross profit level of 65% - 70%.

The business is held by way of a 15-year Lease commenced October 2002, which enjoys the Security of Tenure (i.e. meaning automatically renewable at the end of this period) of the Landlord & Tenant Act 1954, and has a current annual passing rental of £15,000 per annum and a three-year rent review pattern.

Lease Terms:

Leasehold - 15-year Lease commenced October 2002, which enjoys the Security of Tenure (i.e. meaning automatically renewable at the end of this period) of the Landlord & Tenant Act 1954, and has a current annual passing rental of £15,000 per annum and a three-year rent review pattern.