High levels of interest are expected in a cafe in a sought-after Cornish beachside village.The Retreat Cafe in Portreath occupies a detached property which has been subject to high level investments and improvements throughout the vendor's ownership.
From the front a customer entrance leads into a cafe area offering 34 covers with breathtaking sea views.
An archway leads to a further cafe area for 44 covers, toilet facilities and office space.
To the side of the café is a doorway leading into a recently fitted commercial kitchen.
The cafe also offers a further 32 covers outside and provides a fish and chip take-away service.
Above the business is a two-bedroom flat which has an allocated parking space.
The vendors have owned and operated the business since 2004 and now wish to move back to Australia.
They have run it as a husband and wife team with the assistance of 25 casual part-time staff.
The business is seasonal, operating from March to November Monday to Friday 10am to 7pm and Saturday to Sundays 8.30am to 7pm, with increased opening hours during the summer peak season.
There is a premises license in place which entitles the owners to serve alcohol from noon to midnight, seven days a week.
The business is held on a 999-year lease providing a peppercorn rent to the freeholder. We are advised that the current net turnover is in order of £190,000 with a gross profit of 61 per cent.
The ground floor lock-up is being offered on a 999-year lease with a peppercorn rent for £425,000 or the freehold at £655,000.
Michael Fredriksson, head of retail department at Peninsula Commercial, said: "We expect high levels of interest, particularly from someone who is looking for a seasonal business in a stunning location."
For further details contact Peninsula Commercial on 01392 848484 or visit www.peninsulacommercial.co.uk
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