EXCEPTIONALLY WELL PRESENTED BUSY CAFE BRIGHTON, EAST SUSSEX

The current vendors have created an excellent reputation for cooking exceptional food with fresh ingredients made to order. This has been demonstrated in their rave reviews on Trip Advisor, Facebook and Google Reviews. This business is situated on an extremely busy main road with a high volume of many road users and close to many shops, offices and small industrial sites. The concern also benefits from workers coming from the many large office blocks in the close vicinity and provides this business with an ever-increasing customer base. The cafe%u0301 is also located close to the New England Development which is bringing 209 new homes to the area as well as 3,270 sq ft of commercial space, bringing many more workers and residents to the area. This concern has been in the same vendor’s hands for 8 years and only comes to market because the current vendor’s family commitments. The present vendor has done a few selected outside catering events, however there would be significant opportunity to expand this side of the business and to also work with the likes of Deliveroo and Just Eat, as at present it is collection only.

THE PREMISES: The cafe%u0301 occupies an ideal corner location, close to Preston Circus. The cafe%u0301 comes to the market in excellent condition and is fitted and equipped to a very high standard. The business has seating for some 6 persons. The theatre still kitchen is adjacent to the serve over counter and has been equipped to a very high standard and has full extraction to the roof, a double fryer and a number of other commercial high-quality trade fixtures and fittings. Towards the rear of the premises is a separate preparation, washing up area and a large storage area at the very rear which includes a number of chest freezers and shelving units. The vendor has part converted the current storage area, as his intention was to create an additional food preparation area.

TURNOVER: The business is run under the personal supervision of the vendor and 1 part time staff member who assists during peak times. Current Hours of Opening: 9am to 4pm, Monday- Friday. We are informed that the business currently averages £3,000 per week. 95% of the turnover is a result of takeaway orders, with a small amount of order eaten on the premises. Considerable scope to increase both the hours, outside catering and delivery service.

TENURE: The entire ground premises are at present held on a full repairing and insuring lease, and the current rent passing of £12,500 per annum, exclusive, with 4 years remaining on the lease.

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. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: This concern is well fitted to the trade with a valuable inventory of trade fixtures and fittings. Tremendous scope to increase opening hours to capture the early morning breakfast and evening trade. The business is assured of an excellent all year-round trade due to the many office, shop workers that frequent the business. Points to Consider: Secure lease with reasonable rent. The vendor’s sole agents recommends immediate inspections.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £95,000 SAV

LEGAL FEES: Each party to be responsible for their own legal costs. The purchaser to pay for the landlord’s 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: The property has been rated a Band C and the full report is 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: 6670C

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 etc. 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