E CLASS CAFÉ & BAKERY COASTAL EAST SUSSEX TOWN ALL YEAR ROUND TRADE

This very popular community café is located in the centre of a village and now only comes to the market due to the vendors wish to retire.  This extremely well-presented café occupies a prime location in a beautiful costal village, which is close to Brighton & Hove city. The café is very popular among local residents and also from nearby towns. During the summer months the café is very busy with a number of tourists visiting the area and also walkers. The vendors have created an excellent reputation for delicious homemade food and has received excellent reviews on Trip Advisor and Google Reviews.

THE PREMISES:  The smart double fronted restaurant comes to the market in very good condition. The cafe can accommodate 16 covers inside with a further 24 covers in the garden at the rear of the premises. This business comes to the market with a number of of trade fixtures and fittings and an inventory can be provided to any bona fide purchaser. Please note the coffee machine, 1 fridge and dishwasher are leased items. On entering the café, you are greeted by the serve over counter, which has a number of shelves behind displaying the fresh bread and other baked good available to buy. The seating area is to the left of the premises where there is also access to the toilets and garden.  Towards the rear of the premise there is a small washing up and preparation area. The main kitchen is located in a separate building in the garden, where all of the food is prepared and cooked. There is access to parking, with a public car park located 5 minutes from the cafe.

TURNOVER:  We are informed that the business averages between £4,500 - in the winter months and increases to £6,000 per week during the summer season. The business is currently by the owners with the assistance of 1 full time staff member and 3 part time staff members. Hours of Opening:  8am-4pm Monday-Saturday. At present the cafe specializes in breakfast, brunch and light lunches and also offers takeaway as an option. The owners have run several pop events at Christmas and also for Mother’s Day, as well as private events such as parties and local club events.

 TENURE:  The business currently occupies two separate premises, which are owned by the same landlord, therefore at present there are two leases. Both leases have 9 years remaining and the combined renal is £13,800 per annum.  There is an additional charge of £2,000 per annum for the use of the garden.

RATES:  We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero.  The property has a ratable value of £11,750 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: E Class premises. Prime location in central coastal village. All year-round trade, however it peaks during the summer months. Beautiful garden with alfresco seating to the rear. Excellent take away trade. We earnestly advise immediate inspections to avoid disappointment. Secure lease.

 PRICE:  We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings PRICE £115,000 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to pay half of the landlord’s legal reasonable costs.

VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: Rated band D, full report available on request.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT:     All prices are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE  & FINANCIAL PLANNING:  We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

Prop. Ref:         6768C

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)               Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial

iii)              Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank, solicitor, surveyor accountant, etc.

iv)              Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

v)               Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial