The Coffee Tavern, at Redruth has reduced guide price.
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Written by Gareth Moody
Friday, 16 May 2008
 Miller Commercial of Truro have received instructions to market ‘The Coffee Tavern’, Redruth at a substantially reduced guide price of £62,500. The very long established coffee shop and café is located in the centre of the historic and popular West Cornwall town. 

The establishment provides a spacious, ground floor cafe with seating for approximately 50 covers, whilst on the 1st floor, there is a newly created café/tea room offering an additional 40 covers. The first floor has recently gone a refurbishment programme and the business is being offered with a comprehensive range of catering equipment. The premises benefit from a cellar, which offers good storage facilities.

The Coffee Tavern is being made available with the benefit of a new, 12-year, F.R.I. lease, at a commencing annual passing rental of £12,000 exclusive, subject to 3-yearly reviews.

The business is coming to the market for the first time in 9 years and enjoys considerable goodwill in the Redruth community. Trading accounts for the year to February 2007 show sales of nearly £90,000, with a gross profit of £53,700 before operating costs.

Gareth Moody of Miller Commercial’s Business Transfer Dept comments,

This cafe business enjoys a high profile within attractive premises. At the reduced asking price it is realistically priced for an early sale and we expect good local interest’.

For full details contact Gareth Moody at Miller Commercial Truro on 01872 247027