COASTAL TAKEAWAY / RETAIL BUSINESS
THREE BEDROOM ACCOMMODATION
WELL PRESENTED / EQUIPPED
NET T/O £233k, EBITDA £146k PA
GENUINE RETIREMENT SALE
The Shop in the Square is situated in the centre of the pretty village of Cawsand in South East Cornwall, betwixt Rame Head and Plymouth Sound. The area is sought out by visitors who come to enjoy the timeless beauty of the colour washed cottages and meander through it’s quiet streets and within a short distance of numerous family beaches. Nearby is Mount Edgcumbe estate and with it’s neighbour (Kingsand) has a number of Festivals and Events throughout the year. Property and indeed business opportunities in Cawsand and Kingsand are very rare.
We are advised the building dates to 1900 and is on the original footprint, not having been extended, which borrows some architectural influence from Europe. The two storey property has c. 450 square feet of trading space, a good size commercial kitchen to the rear and with separate access to the business 3 bedroom owners accommodation, with some beautiful far reaching coastal views over Cawsand Bay towards Plymouth Sound and Wembury.
We understand a business has traded from this property since it’s construction and was indeed built as a shop. Our clients have had the business since 2005 and are now looking to sell due to retirement plans. we are advised the business trades all year with some closure in the month of January and has varying hours depending on the season; summer hours are 10 am to 8pm and winter 11am to 4pm being typical. The sales are predominantly derived from takeaway sales (85%) and the remainder (15%) the sale of beach / seasonal and drinks/general goods. The business is run by our two client owners with up to 10 part time seasonal staff.
The Trading Profit and Loss Account for the year end March 2019 showed net sales of £233,114, with a Gross Profit level of 68.4% and an adjusted net profit of £146,689 (after deducting premises costs but not wages which typically equate to c. £20,000 per annum), further accounting information will be made available to interested parties. Our clients do not have an online / social media presence.
The Accommodation Comprises
FLOOR PLANS AVAILABLE UPON REQUEST
ICE CREAM PARLOUR / BEACH SHOP
On the left hand side as one enters, with a window to the front, door to store room and interconnecting door to Owners Accommodation Inner Hallway. Racking and shelving for the display of Beach Goods and seasonal equipment and apparel.
Ice Cream display unit, slush puppy machine. Wipeable walls.
Door to store room, with window to the front, with racking.
On the right hand side as one enters, with a window to the front overlooking the Square and towards the beach, also a window to the side. A spacious area with some shelving for the display of dry / tinned goods and confectionery. Principal equipment to include a roll top glass display cabinet, pasty warmer, commercial oven (turbo fan), 2 head coffee machine and separate grinder, instant Coffee Machine and double hot plate, double drinks chiller and upright fridge.
Window to the rear elevation, overlooking the courtyard. Principal equipment to include 2 double fryers and double hot plate with 3 vent extraction system over, two deck pizza oven, under counter fridge and freezer, two microwave, stainless steel sink and drainer unit.
Accessed from the front (via the Commercial Kitchen), inner door from the Ice Cream Parlour or externally via the rear Courtyard, into a lobby area, with stairs ascending to the first floor, with window and half landing.
First Floor Landing with radiator and doors leading off to:
Lounge : A good size room with a large picture window to the front, with beautiful far reaching views over Cawsand Bay towards Plymouth Sound and Wembury. Two radiators and a woodburner.
Kitchenette : Window to the rear, recently refitted with base and wall units, sink, wall mounted boiler, radiator.
Bathroom : Corner bath with shower over, low level wc, pedestal wash hand basin, radiator.
Bedroom 1 : Window to the front, with aforementioned views (from Lounge), airing cupboard, radiator.
Bedroom 2 : Window to the front, loft (not inspected) hatch, radiator.
Bedroom 3 : Window to the side, radiator.
Rear Courtyard which is accessed via the rear of the property or via a shared lane which runs to the side of our clients property.
Within the courtyard is space for tables and chairs, several storage sheds housing chest freezers and also a staff wc, with hand dryer.
Front seating area, with bench overlooking the square.
NB : PARKING, as this is limited in the village we are advised by the clients they are eligible for a parking permit which costs £58 pa and has use for a single undesignated space in the public car park a short walk away.
General Enquiries 0300-1234-100
We understand the business currently holds a premises licence in respect the sale of liquor for consumption off the premises.
Licence Number : 00343PL14P
Energy Performance Certificate
The Energy Performance Rating for this property is, 61/C, copy available.
An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value is £5100. For small business holders with just one premises this is likely to be below the minimum threshold. However, please do not rely on this information and make your own enquiries with the local authority.
Advised by clients:
Bottle Gas for Central Heating
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999
To be taken at valuation on Completion, cost value agreed between seller and buyer.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the numbers below.
For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email email@example.com or
Paul Collins on 01872 247029 or via email firstname.lastname@example.org
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.