Restaurant for sale

Church Street, Gorran Haven, St. Austell PL26

This is an exciting opportunity to acquire a Leasehold cafe/catering business situated on the Beachfront in the picturesque village of Gorran Haven, on the South Cornish coast. The business has been owned and operated by our clients for several years on a Seasonal basis, with the assistance of part time staff. The business is being offered for sale, with the benefit of a new 6 year lease at a commencing rental of £20,000 per annum.

The cafe offers a wide selection of freshly made hot and cold snacks, a selection of beverages, locally produced ice creams and benefits from a premises licence for the sale of alcohol.

The premises extend to circa 450 sqft, and comprises a customer service area behind which is a well equipped kitchen and small store room. The sale of the business is to include a wide selection of equipment, fixtures and fittings to enable a seamless transition of the business to new owners.

Accounts

Full accounts will only be made available subject to a viewing appointment in the usual manner, however please see below figures for guidance:

• Year Ending January 2025: £162,697
• Year Ending January 2024: £173,505
• Year Ending January 2023: £163,650
• Year Ending January 2022: £187,550

The above figures quoted are net of VAT, and we are advised that the business is flat rated for VAT purposes. Based on the above figures, the annual, adjusted net profit (before rent) has been in the region of £60,000 (before rent) for the past 4 years.

EPC

The property has an EPC rating of B (48).

Tenure

Leasehold

The business is being offered for sale subject to the granting of a 6 year proportional repairing and insuring lease at a commencing rental of £20,000 per annum (payable monthly in advance) with all other terms to be agreed.

Inventory

A comprehensive range of equipment, fixtures and fittings will be included within the sale and a full inventory will be supplied prior to completion of the transaction.

Legal Costs

Each Party to be responsible for their own legal costs in connection with the transaction.

Listing

We are advised that the property is Grade II Listed and sits within a conservation area.

Method Of Sale

The business is being offered for sale to include the fixtures, fittings and goodwill. For further information please contact the selling agent.

Stock

To be taken at valuation upon completion.

Premises Licence

The premises are licenced for the sale of alcohol.

Services

Water - Mains (Metered)

Electric - Mains

Drainage - Mains

General Information

The information provided in this listing, including any details relating to material facts, is offered in good faith and to the best of our knowledge. However, purchasers are strongly advised to satisfy themselves as to the accuracy of any information provided, as these details are not to be relied upon.

We recommend that all information—particularly relating to boundaries, tenure, planning, covenants, and other legal matters—be verified by your solicitor upon the commencement of a sale.

Please note, we do not act in the capacity of a Chartered Surveyor. Any comments regarding the construction, condition, or structure of the property are assumptions and should not be treated as statements of fact. We strongly advise that an independent surveyor be instructed to carry out a full inspection for confirmation of these details.

Measurements are approximate and for guidance purposes only. Any items, fixtures, or fittings referred to in these particulars are not necessarily included in the sale unless specifically stated within the Fixtures and Fittings forms provided by the seller and confirmed via the conveyancers.

Anti-money laundering regulations – Purchasers
It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.

Proof of finance – Purchasers
Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.