EXCEPTIONALLY WELL PRESENTED E CLASS CAFE SITUATED ON A BUSY MAIN ROAD BRIGHTON

The current vendors have created an excellent reputation for cooking exceptional vegan food with fresh ingredients made to order. They have received excellent reviews on Happy Cow (5*), Facebook (4.7*), Tripadvisor (5*) and Google Reviews (4.7*). The cafe is situated on an extremely busy main road with a high volume of 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 and residents from the nearby flats which provides this business with an ever-increasing customer base.  This business has many advantages, which include low overheads, E use, secure lease with the full protection of the Landlord & Tenant Act. This concern has been in the same vendor’s hands for just over 7 years, and only comes to market because the current vendor’s wish to explore other business opportunities.

THE PREMISES:  Single fronted shop is fitted and equipped to a very high standard, and has seen continuous investment in the fixture and fittings since the vendors bought the business 7 years ago. The business has seating for some 18 persons inside with seating for an additional 4 people outside.  The kitchen has been equipped to a very high standard with stainless steel cladding throughout the cooking areas, full extraction to the roof, gas hob and a number of other high-quality trade fixtures and fittings. The premise also has the benefit of a yard area, which is ideal for storing the bins and has a WC with wash hand basin. The premise has also been well maintained, the electrics were updated and full safety inspection in June 2021 and there is also a gas safety certificate available, dated November 2022.

TURNOVER:  The business is run under the personal supervision of the vendor with the assistance of 2/3 part time staff and 1 part time kitchen porter. Current Hours of Opening:  9:30am to 4:30pm – Thursday-Monday.    We are informed that the business currently averages £1,500 per week.  At present 80% of the turnover is from customer’s eating their food onsite. Considerable scope to increase both the trading hours, outside catering and delivery service.

TENURE:         The entire premises are at present held on a full repairing and insuring lease, and the current rent passing is at £6,200 per annum, and has one year remaining. The landlord has agreed to grant a new 10-year lease with a rent review at year 5.

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. The rateable value for the property is £4,000 per year. 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/or evening trade.  The business is assured of an excellent all year-round trade due to the many offices, local residents and shop workers that frequent the business.  Points to Consider:  Secure lease with very low rent. 

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings Price reduction £25,000.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: The premises has been rated a band D, the full report is available upon 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:              6741C

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