NEWLY REFURBISHED COFFEE SHOP IN THE HEART OF LITTLE CHELSEA, EASTBOURNE

 This successful and highly rated coffee shop occupies a prominent position in little Chelsea in Eastbourne. This is an affluent area located in central Eastbourne and is only two minutes’ walk from Eastbourne’s railway station and less than five minutes walk from the Arndale shopping centre. This area has a reputation for being a lively independent shopping and dining quarter, with many solicitors, architects, accountancy firms and Eastbourne library all within a short walk of the coffee shop. The concern is assured of an all year-round trade and experiences an increase in turnover during the high summer season.  The coffee shop was established 5 years ago and during this time they have received excellent reviews on Trip Advisor (5*), Google Reviews (4.8*) and Facebook (4.5*). At present the coffee shop offers a brunch menu and range of sandwiches - there would be considerable scope to increase the menu range and to fully utilise the commercial kitchen setup.  The owners have decided to sell the business as they wish to retire.

THE PREMISES:  This smart single fronted premise comes to the market in excellent condition with a wealth of valuable fixture and fittings. The coffee shop was fully refurbished in 2019 which included the property being fully rewired. The coffee shop has seating for 30 covers inside with an additional 12 covers on the pavement to the front of the shop, which is permitted by a pavement licence. The serve over counter is towards the rear of the coffee shop which includes a glass display for pastries, sandwiches and cakes. The two-group coffee machine and 2 grinders are also located on this counter space. The main kitchen is located at the very rear and benefits from full extraction, which is regularly served and maintained. The property is only serviced with electricity and water. The customer toilet is located towards the very rear of the premise and has the benefit of two newly installed air conditioning units. The premise also benefits from a small yard to the rear which is ideal for bin storage and deliveries.

TURNOVER:  We are informed that the business currently averages some £2,000- £2,500 per week. The vendors work full time in the business with the assistance of 2 part time staff members. Hours of Opening:  8am to 4pm Monday-Saturday. The vendors currently close every Sunday and bank holiday throughout the year, therefore there is potential to grow the business by increasing the opening hours.   

 TENURE:  The premises are held on a full repairing and insuring lease which has approximately 4 years unexpired at a current rental of £21,600 per annum, inclusive of VAT.

RATES:  We have been verbally informed that the current rates payable amount to £720 per annum and the rateable value for the property is £13,250 per annum.

 GENERAL REMARKS: Well established and highly rated business. Fantastic area right in the middle of Little Chelsea, Eastbourne. We earnestly advise immediate inspections to avoid disappointment. Recently refurbished to a very high standard.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings Price reduction £40,000 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to pay 50% of the landlord’s legal costs.

VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: The property was rated a Band B and 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 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:         6777C

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 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