Central Arundel Café – Prime Location with Low Overheads

This highly regarded café is perfectly situated in the historic and picturesque town of Arundel, West Sussex. Known for its affluent local population and year-round tourism, Arundel attracts a steady stream of visitors thanks to its iconic castle and various annual events. The café enjoys an enviable High Street location in the heart of the main tourist area, benefitting from strong footfall and a lucrative summer trade. Specializing in freshly made bagels and premium coffee, the café has earned excellent reviews on Google and TripAdvisor, solidifying its reputation for quality and service. The premises boast low operating costs, with the added advantage of a first floor that can either be sublet for additional income or utilized to expand seating capacity and grow the business further. This is a fantastic opportunity to acquire a well-positioned and highly regarded café with significant growth potential.

THE PREMISES: The business occupies a mid-terrace and prominent high street position and is adjacent to a popular cut through to a car park ensuring a consistent footfall of pedestrians. The café is situated in a historical building which was refurbished in 2020 and comes to the market in excellent condition. The ground floor is well proportioned and has seating for 7 covers inside.  Towards the rear of the premises is a chiller serve over counter which is used to display the freshly prepared bagels. There is also a two-group coffee machine, grinder, small dishwasher and an express chef combi oven. The first floor was previously being sublet as office space which was generating a rental income of £790 per month. However this area could easily be used for additional customer seating. The upstairs can be accessed from an independent entrance from the street or through a door from the café on the ground floor. There is also a single toilet with wash hand basin on the first floor. The premises is fitted with Wifi and cctv.

TURNOVER: At present the vendor works full time in the business, with the assistance of several family members who work on a part time basis. At present the business trades between 9:30am-4:30pm Wednesday-Friday and Saturday-Sunday 9:30-5pm. However, during the summer these hours are extended to capitalise on the buoyant tourist market. We are informed that the current weekly turnover averages £1,600 per week. There is substantial opportunity to grow the business further by increasing the number of seats on the first floor and by also extending the opening hours.

TENURE: The entire premises are held on a full repairing and insuring lease, at the current rental of £13,250 per annum, with 9 years remaining on the lease. The rent reviews are due to take place in year 5 of the lease.

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  £8,100 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: This business was personally inspected by the vendor sole selling agents. Fantastic High Street position in the centre of Arundel. Established client base. Scope to expand the seating area or sublet the upstairs.  Early Inspections Advised.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £45,000 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 property has been rated a band C 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 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:              6850C

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