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A3 TEA ROOMS WITH HIGH FOOTFALL PRIME LOCATION IN BRIGHTON ALL YEAR ROUND TRADE

Brighton, East Sussex
Leasehold Price:
£120,000
Status
FOR SALE
Advert ID
242247
Reference
6460C / Rightbiz

The Tea Room occupies one of Brighton’s premium trading locations in the heart of the Brighton. It therefore benefits from a high footfall throughout the year, from both tourists and local residents. The café has been in the current vendor’s hands for just over two years and comes to the market due to the vendor’s wish to focus on other business opportunities. The owners and staff have created an excellent reputation, with first-rate reviews on Trip Advisor, Facebook and Google. The business has a 5-star FSA hygiene rating and at present the main food offering is afternoon teas, cakes, light meals and lunches.

THE PREMISES: The double fronted premises have been fitted to a high standard with all fixtures and fittings being owned outright by the vendor. The serve over counter is to the rear of the premises which is used to display cakes and other baked goods. The preparation and cooking areas are directly behind the counter with access to a small yard area to the rear of the premises used for the storage and collection of the waste bins. Adjacent to the counter is the customer toilet with wash hand basin. 

The cafe provides inside seating for some 20 persons which can be easily increased to 23/24 when required and has additional alfresco seating on the forecourt for a further 6 persons.

Hours of opening

October to February – Weekdays: 11.00 to 16.00, Saturday 10.30 to 1800 and Sunday 11.00 to 17.00.

March to May - Weekdays and Sun:11.00 to 17.00   Sat. 10.30 to 18.00 Sun.

June to September – (summer season) provides an increase in hours   

Weekdays 10.30 to 18.00, Saturday 10.00 to 19.00 and Sunday 11.00 to 17.00

TURNOVER: This business is currently run under management. The staff consists of one full time manager, one full time assistant manager, one part time member of staff and two occasional part time staff who work when required during the summer season. Average weekly turnover amounts to just over £2,800, per week.

GENERAL REMARKS: Secure lease.  Outstanding position with a high footfall in the middle of the Brighton. Valuable A3 Use.  Obvious potential of this business will immediately be seen at the time of inspection. Popular venue with tourists and locals.

TENURE: The entire premises are held on a full repairing and insuring, renewable lease with 8 years remaining, at a current rental of £25,000 per annum. The next rent review is due to take place in 2020 and then again in 2025.

RATES: The current rateable value is £22,750 per annum and benefits from a retail discount with rates payable amounting to £7,447 per annum.  Prospective occupiers should make their own enquiries to verify same.

PRICE: We are instructed to quote for the valuable lease, goodwill, equipment, trade fixtures, fittings and chattels Price £120,000 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs.

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

ENERGY PERFORMANCE CERTIFICATE:  Rated G

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 and rents 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:                   6460C

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

 

 

Listing Details
Leasehold Price: £120,000
Tenure: Leasehold
Location: Brighton, East Sussex
Sector: Tea Rooms, Cake Businesses
Financials
Annual Net Profit: Available upon request
Key Features
  • Fully Fitted
  • Town Centre location
  • Attractive Business
  • Established Business
  • Accounts Available
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: 6460C / Rightbiz

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