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COFFEE HOUSE CAFÉ SPACIOUS PERIOD PROPERTY IN THE CENTRE OF LEWES LOCATION WITH A HIGH FOOTFALL

Lewes, East Sussex
Leasehold Price:
£69,960
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
249115
Reference
6495C / Rightbiz

Details

The concern occupies a superb trading position in the heart of Lewes and is situated between the High Street and train station. Lewes is a bustling historic town within easy reach of the motorway networks, main line railway station and principal seaside towns are also within easy reach. Lewes is an affluent area with many residents travelling to Brighton and London on daily commutes, as well as an abundant of tourists regularly visiting the town to see many of its historic attractions. The coffee house has been trading for just under two years and only comes to the market due to the vendors family commitments. During this time they have created an excellent reputation, receiving excellent reviews on Google reviews, Facebook and Trip Advisor. The coffee shop is currently rated No.1 coffee shop in Lewes on Trip Advisor.

THE PREMISES: The corner premises is approximately 75 sq.m and has been completely refurbished and comes to the market in an excellent condition.  The main area benefits from a high ceiling and ample natural light. On entering the coffee house there is a modern serve over counter to the righthand side of the premises, where the cakes, pastries and sandwiches are displayed and the coffee machine, grinders and syrups are located. Behind the counter is a small preparation area which includes storage and a double drinks fridge. The Food Preparation Kitchen area is behind the service counter and to the rear of the premises and includes a washing up area, counter top space and dishwasher. There is seating for some 50 customers in the main area, with the snug providing an additional 12 covers.

TURNOVER: The business is currently run jointly by the vendors with the assistance of one full time barista. We are informed that the average weekly turnover amounts to £3,500, per week trading 8am to 5pm – Tuesday to Saturday, Sunday 10am to 4pm. Currently 70% of food and beverages are consumed on the premises with 30% being take away. The business is currently providing an excellent profit margin of circa 70%. At present a limited number of sandwiches and pastries are available throughout the day, however there would be significant scope to increase the food offering. The vendors have also held a number of private parties and functions on the premises, which have been very popular and this could be an ideal way to boast the turnover further.

TENURE:  The premises are held on a full repairing and insuring lease, which has approximately 3 years unexpired at a current rent of £16,000 (plus VAT) per annum. 

RATES: The current rates payable amount to £5,700 per annum.  Prospective purchaser should make their own enquiries to verify same.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £69,950 SAV

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: EPC rating 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 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:           6495C

These particulars are believed to be correct but their accuracy is not guaranteed and

they do not form any part of any contract

Seller Details
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Listing Details
Leasehold Price: £69,960
Tenure: Leasehold
Sector: Tea Rooms, Cafes
Key Features
  • Small Business
  • Town Centre location
  • Fully Fitted
  • Accounts Available
  • Established Business
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