E CLASS SANDWICH BAR CAFE ON BUSTLING PARADE OF SHOPS HOVE, EAST SUSSEX

Seize the opportunity to own a popular E-class café, ideally situated on a bustling main road on the Hove/Portslade border. This prime location places the café between two expansive business parks, a large office block, and the Portslade mainline train station, ensuring a consistent and diverse customer base. The area is currently experiencing significant development, attracting additional tradesmen and increasing foot traffic, which bodes well for the café’s future growth. Over the past four years, the current owner has developed an excellent reputation to serving delicious food with a customer-focused operation. The café offers a diverse menu of freshly prepared sandwiches with various fillings, paninis, jacket potatoes, and other light bites, catering to a broad range of tastes. This commitment to quality has fostered a loyal clientele among local businesses and residents, contributing to its high footfall and consistent revenue. The café operates with low overheads, making it an ideal investment for an owner-operator seeking to manage their own business efficiently. Its operational excellence is reflected in outstanding online reviews, boasting a 4.8-star rating on Google and a perfect 5-star rating on Facebook. With the current owner’s decision to retire, this turnkey business is poised for continued success and growth in the area.

THE PREMISES: The double fronted E class cafe has recently gone through a refurbishment and there is currently space for 8 covers inside with an additional 4 covers to the front of the shop. The café also has the benefit of seating at the rear of the café which is accessed via the side of the premises. This is an enclosed area and provides seating for an additional 15-20 people and is very popular during the summer.

There is a worktop along one wall which has a number of cupboards below and a drinks fridge, as well as a 2-group coffee machine and a preparation area. To the rear of the café is a well-fitted kitchen, and a list of the fixtures and fittings will be made available to any bona fide purchaser.  There is also a small storage area and WC to the rear of the premises.

TURNOVER: The vendor currently works full time in the café with the assistance of one part time staff member. We are informed that the average weekly turnover is £1,500 per week. The vendor also carries out several outside catering requests for the nearby offices.  The current opening hours are 9am – 2:30pm Monday-Friday, there would be enormous scope to increase opening hours during the week and at the weekend to capture the breakfast and brunch market.

TENURE: The entire premises is held on a full repairing and insuring lease with approximately 4 years unexpired at a current rental of £7,000 per annum. 

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 of the property is £5,700 per annum. Prospective occupiers should make their own enquiries to verify same.

 PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings Price reduction £35,000 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: Premises was rated band B, full report available on 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:        6852C

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