EXTREMELY WELL PRESENTED CAFE LOW OVERHEADS WORTHING, WEST SUSSEX

A beautifully presented café situated in Worthing town centre, West Sussex. The business is located on a busy high street location with a number of other retail and catering businesses operating which ensures a steady footfall throughout the year. The café is also close to the Premier Inn and Travelodge which results in a number of guests choosing the café to eat in.  At present the vendor offers a comprehensive, breakfast, brunch and lunch menu, along with freshly prepared cakes and pastries.   The cafe has received excellent reviews on TripAdvisor and Google Reviews. The vendor also has an artist of the month, who has the opportunity to display their artwork on the walls and sell these items.

THE PREMISES:  The café comes to the market in very good condition and benefits from having a number of beautiful stain glass window at the front of the premises. The café provides seating for 22 covers with a further 6 covers outside to the front of the case. The main serve over counter is towards the rear of the premises, where there is a small preparation area, coffee machine and grinder and a chiller cabinet for drinks. There is extraction fitted at the front of the café, however the vendor is unsure whether this is currently working. The main kitchen and cooking area are at the rear of the premises. The kitchen is fitted with a commercial oven and a number of fridges and freezers. There is also a separate washing up area and access to the yard, where the bins are stored and collected. There is also a customer toilet with wash hand basin.

TURNOVER:  We are informed that the business currently averages £1,500 per week, which is based on trading Monday - Saturday 9am-3pm. At present only 35% of orders are takeaway with the remainder being eaten in. There is additional scope to increase the turnover by increasing the opening hours from 8am-6pm and also introducing deliveries with the likes of Deliveroo, Just Eat, etc. The business is run by the vendor, with the assistance of 2 part time staff members. The café has also been used for a number of private functions, such as baby shower, birthday celebration and art workshops, the vendor has also carried out a number of outside catering events.

TENURE:  The entire premises is held on a full repairing and insuring lease at a current rental of £8,400 per annum. There is currently 6 years remaining on the lease and there is a rent review in 2025.

RATES:  We have been verbally informed that the current rates payable are zero and the premises has a rateable value of £6,200.  Prospective occupiers should make their own enquiries to verify the same. 

GENERAL REMARKS:  This business was personally inspected, very highly recommended. Central Worthing location. High footfall throughout the year. Close to a Premier Inn and Travelodge. The business has an established goodwill and loyal customer base. Inspections Advised. 22 covers internally and a further 6 outside.

PRICE:  We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £39,950 SAV Price reduction 

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, Tel 01273 709090. 

EPC: The premises has been rated a Band D, 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 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.  These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

Ref:  6738C

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 et. 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.