High Footfall Cafe with Loyal Customers and Expansion Potential in Chichester For Sale
Chichester, West Sussex
- Status
FOR SALE
- Date Submitted:
05/04/24
- Advert ID
609324
- Reference
B07966 / Rightbiz
- Call Agent:
- Leasehold: £64,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Popular and Growing Cafe For Sale
BusinessPlease quote reference B07966
CoGoGo are delighted to welcome to the market The Sty In Chi, a highly rated cafe located in Chichester.
The Sty In Chi recently came under our client's ownership in 2022, and with the permission of the landlord, they made extensive changes to the interior for a more bespoke and unique look. In this short time, they have built up an outstanding reputation and loyal customer base.
The business is now being sold as a going concern with all fixtures, fittings & decorations included.
The menu includes –
- Street Food
- Loaded Fries
- Sandwiches
- Breakfasts
- Hot & cold beverages
- Sausage roll's
- Hog roast's
- Cakes & brownies
The success of the business has bought lots of positive feedback and our clients advise any new buyer could potentially increase the current turnover by adding any of the following –
- Extend the current opening hours (open in the evenings)
- Expand the menu
- Local advertising
- Outside catering
- Obtain alcohol license
The business also provides a ' Too Good To Go' service to minimise any food waste, which has bought great revenue to the business.
Key selling points:
- Potential to expand business
- Handover period offered
- High footfall location
- Unique hog roast & street food
- Homemade sausage rolls
- Strong relationships with local suppliers
- 2500 followers on social media (Included in the sale)
- Business Website (Included in the sale)
Location
The Sty In Chi is located within Chichester, West Sussex.
This part of Chichester is highly desirable, extremely popular with those relocating from London and very popular with developers.
The area is accessed just off the busy cross country A27 which connects Portsmouth in the West to Brighton in the East.
The business benefits from parking straight outside the business and a carpark within one minute walk.
Premises
Ground Floor
- Service area - leading in to the downstairs seating area (20 covers split between ground floor and first floor)
- Commercial kitchen
- Small courtyard (for storage only)
- Upstairs seating (20 covers split between ground floor and first floor)
- WC
- Large Storage area
Tenure
This business is being sold on a Leasehold basis with 3.5 years remaining on a 5 year lease.
The current rent is £16,500 per annum.
We are advised the lease can be taken over or a new buyer can negotiate new terms with the landlord.
Hours
The current trading hours are:
Monday to Friday - 10:00am to 3:00pm
Saturday - 10:00am to 4:00pm
Sunday - 11:00am to 3:00pm
Staff
The business is run and managed by our client with the help of 6 staff members.
Financial Profile
The business generated a £150,000 turnover in 2023. Full financials can be made available upon further request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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