EXCEPTIONAL CAFÉ SITUATED IN THE HEART OF THE NORTH LAINE, BRIGHTON

The vendor has created a thoroughly successful business over the past 17 years and has developed substantial goodwill during this time. The café specialises in vegetarian & plant-based food all made on site using only natural raw ingredients. The business occupies and excellent trading position in one of the busiest cash trading thoroughfares in the south of England, which is a destination location for many shoppers and tourists visiting Brighton.  The café benefits from a high footfall throughout the year and the café is easily accessed from Brighton mainline railway station and the City Centre Car Parking facilities. The cafe is also in close proximity to numerous large professional offices. They have received outstanding reviews on Google review, Facebook and Trip Advisor and have an excellent reputation in the city of Brighton & Hove. The business only comes to the market due to the vendor’s wish to retire. 

THE PREMISES: The E class cafe is situated in a double fronted premise and consists of the entire property of 4 floors and comes to the market in excellent condition after being entirely refurbished in 2021. The ground floor is fully fitted and equipped to a high standard and comes to the market in excellent condition. On entering the café there is a large heated and chilled servery which is used to display the freshly prepared food. Behind the counter is a preparation area, a 2-group espresso machine, on demand grinder, drinks cooler, ice machine and various juicers and blenders. The premises also benefit from having an alcohol licence for both on and off sales and has draught beer on tap. The ground floor has a number of booth and bench seats, providing 42 covers inside and a further 12 covers on the pedestrian walkway outside the café. The vendor has confirmed that all fixtures and fittings are owned by themselves and nothing is on lease or hire purchase. Towards the rear of the premises is a staircase which provides access to the other floors. The extensive kitchen is located in the basement and includes a preparation room with walk-in chiller, dishwasher, vegetable store and main cooking area which includes full extraction to the roof, a wok cooker, large blast chiller, Blueseal ovens & range. Our client has confirmed that all equipment is regularly maintained and serviced. The 1st floor has the customer toilet with wash hand basin, a bakery or additional kitchen with laundry equipment, a large office and roof terrace. The 2nd floor consist of a staff room with an additional toilet and shower. The entire premises has been fitted with HD CCTV. 

TURNOVER:  The vendor involved part time in the management of the business and is supported by a full-time general manager, 3 full-time chefs 1 full time kitchen porter and 3  other part time kitchen staff along with 4 full time and 6 part time front of house members of staff. The business normally trades 9:30am to 5pm – Monday to Sunday.  The current average weekly turnover is £12,500. Full trading accounts will be made available to any bona fide purchaser.  There would be enormous scope to expand and grow the business by diversifying the products offered and increasing the trading hours further to capitalise on evening trade and city wide deliveries.

TENURE:  The premises are held on a full repairing and insuring lease at a current rental of £30,000 per annum, with 5 years left on the current lease. There is currently a rent review being negotiated with a maximum £5,000 per annum increase.

BUSINESS RATES: We are informed that the rates payable are currently £10,000 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS:  Located in the heart of Brighton’s ever-popular North Laine, and benefits from a high footfall throughout the year. Well established and has an excellent reputation. Established for over 17 years.

PRICE:  We are instructed to sell the shares of the limited company – £195,000 OVNO

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 vendors’ agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: Our client has been made aware that an EPC is required for the property.

DISCLAIMER: Neither the Vendor nor the Agent give or imply 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: 6695C

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 me 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 e.g 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