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High Footfall Cafe with Loyal Customers and Expansion Potential in Chichester For Sale

Chichester, West Sussex
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  • Status

    FOR SALE

  • Date Submitted:

    05/04/24

  • Advert ID

    609324

  • Reference

    B07966 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £64,995
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Popular and Growing Cafe For Sale

Business
Please 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
All menu items can be enjoyed inside or takeaway.

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 Sty in Chi is a daytime cafe that is well known in the area for their excellent hog roast, street food and homemade sausage rolls. The business is mainly walk in trade with some local deliveries via Just Eat and Deliveroo. Their till system is developed to provide an online ordering system as well as their business website.

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)
First Floor

  • Upstairs seating (20 covers split between ground floor and first floor)
  • WC
Second Floor

  • Large Storage area


Tenure
This business is being sold on a Leasehold basis and a new lease will be negotiated with the landlord. 

The current rent is £16,500 per annum.

 



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.



Read more

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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.

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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.

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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.

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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.

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