SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Thai British Cafe for sale with A3 permission Reduced price £5k annual rent

Battle, East Sussex

Status

SOLD / WITHDRAWN

Date Submitted:

15/02/19

Advert ID

238055
Leasehold: £12,500
Annual Rent: £5,000
Annual Turnover: £100,000
Annual Net Profit: Available upon request

Requests just clicking the, please send more information will be ignored. Please specify what information you require.

** Price reduced from £30,000 to £12,500. **. We are moving from the area so te price has been slashed to well under market value. The lease is auto renewing so despite only two years lease remaining a new 10 lease will automatically be granted if you request one. Total cost of aquiring business will be £12.500 plus all Landlord's legal fees for the assignment of lease. The average rent in Battle High Street is £25,000 per year plus business rates, ours is only £5,000 and no business rates. Huge potential to expand the business after easing od Covid restrictions. The price has been reduced to substantially below market value for quick sale.

Please do NOT enquire if you do not have previous catering experience; the landlord insists on previous catering experience—incredible value considering £1,500 per week turnover on just three evenings per week during covid. Usually fully booked every week as bookings can be made five days advance through the online order system.

Exceptional value as asking price can be recouped in a matter of months. Potential to double the number of external seating at the front and rear of the property.

The sale price includes all new fixtures and fittings, all commercial cooking and cleaning appliances (many of which were renewed in 2018) — all cutlery and crockery, which was bought as part of the refurbishment in 2018 and colour profiled. The cafe is fully CCTV and razor wire security protected. New hot water system and water filter installed in 2019 at the cost of over £2,000.7. 5KW Induction cooking, Bottled gas cooking and three deep fat fryers, six fridge/freezers, two microwaves, Merrychef combination oven £2,500. Full extractor fan system.

Due to the kitchen shape and area probably not suitable for Indian Restaurant as planning consent to remove a load-bearing wall would be required, and it is Grade two listed.

Front retail area approx 29sqm.

Front External dining area 10m x 3m.

Rear Kitchen area 9sqm.

Public toilets male and female 4sqm including storage units and new electric 120L hot water cylinder and water filter system. Toilet area has been refubished in 2021

The office/ storage area is 13sqm with a shower room and toilet.

Rear Yard 5m x 6m with rear access for deliveries. Extra tables for outside dining can be put in tha back yard.

Pre-covid daytime and evening takeaway menus increased turnover to nearly £2,000 per week and operated with two family members.

Outgoings are low with £5,000 per annum rent and zero business rates. There are two years left on the lease.

Local area population 6,500 in Battle and 10,000 within four miles. 300 New houses also being built within Battle. It is an affluent area with 60% detached properties.

The building is grade two listed, so permission would is required for any structural work.

During Covid we have reduced from six days a week to three evenings only but have maintained over 75% of pre covid turnover by offering takeaway and delivery service which has been enthusiastically received by a regular and loyal customer base, Current hours are five pm to nine pm Thursday to Saturday takeaway and delivery only. We use our own delivery drivers paid on an hourly basis, so no losing 30% to the big chain delivery companies.

Current covers are 16 internal and ten outside, but more tables can be comfortably incorporated. There is no alcohol licence currently but bring your bottle with corkage is possible or application for an alcohol license. The business currently has A3 permission.

There is a separate storage area (“The Office” with its postal address, separate energy supply, toilet and shower facilities). There is separate access from the rear to the office so deliveries can be received.

Reluctant sale of rapidly growing business due to the upcoming retirement and relocation of the business owner.

  • Separate outbuilding with a shower and toilet.
  • 5-star food hygiene rating December 2018
  • Full extractor fan system.
  • 7.5KW Induction cooker, bottled gas hob and electric hotplate cooking.
  • 3 deep fat fryers.
  • Merrychef combination cooker £2,500
  • Sage Oracle coffee machine £1,600 value.
  • New electric hot water system and water filter £2,000
  • An online food ordering system for collection, delivery and payment.
  • Low rent £5,000 per annum payable monthly.
  • Two years of lease remaining with a Renewing lease of 10 years.
  • No business rates. Last rent review was March 2020, five-year review so rent fixed to at least 2025
  • Regular local trade and tourist trade in season.
  • Option to open longer.
  • Good margin. Margin and profit have increased during Covid due to switching from Engish to Thai takeaway.
  • Electronic POS system for orders, stock control, hygiene and cleaning rota.
  • Completely refurbished with new flooring, LED lights, Tables and new decoration in 2018
  • CCTV protected.
  • Full social media coverage.

There are four pubs, one Italian restaurant, one Modern European, one Kebab shop, one Deli and two Tea in Battle. All other competition is six miles away in Hastings.

No silly offers, please; you are wasting all our time. No agents, please. If you want more information, please ask for what information you require, and we can chat. Requests just clicking the, please send more information will be ignored.

Listing Details
Key Features
  • High Turnover
  • Potential for Alternative Use
  • Town Centre location
  • Attractive Business
  • Central Position in Affluent Village
  • Established Business
  • Price Further Reduced
  • Close to Local Amenities
  • Small Business
  • Retirement Sale
  • Adjacent to Multiple Retailers
  • Price Reduced
  • Fully Fitted
  • Prime Location
  • Owner Financed
  • Open Plan Trading Area
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SOLD OR WITHDRAWN FROM THE MARKET
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