E CLASS COFFEE SHOP CAFE YORK PLACE, BRIGHTON VALUABLE ALCOHOL LICENCE

The licensed E café/coffee shop occupies a highly prominent trading position on York Place, an area that has recently benefited from substantial investment by Brighton & Hove City Council as part of the Valley Gardens regeneration scheme. This ongoing improvement programme continues to enhance footfall and overall trading potential within the immediate area. The café/coffee shop is located on one of Brighton’s busiest and most sought-after thoroughfares, positioned on the edge of the famous North Laine district, one of the city’s most vibrant and well-visited destinations. The business enjoys exceptional passing trade and is ideally positioned to benefit from the surrounding universities, catering and art colleges, as well as its location on the main pedestrian walkway linking Brighton mainline railway station with the city centre shopping district, and the busy London Road and Lewes Road neighbourhoods. The business currently trades as a popular café/coffee house, specialising in high-quality pastries, brunch offerings, and small plates. The premises also benefits from a valuable alcohol licence, providing excellent scope to expand the current offering into evening trade and further increase turnover.

THE PREMISES:  The premises is situated on the popular and newly developed York Place in Brighton and forms part of the wider regeneration of the Valley Gardens area. The business is presented to the market in excellent condition. Upon entering, there is a long serve-over counter on the right-hand side, providing space for a two-group coffee machine, grinder, and an attractive display area for freshly prepared cakes and pastries. To the rear of the counter is a separate preparation area, dedicated washing-up area, and cooking area. The customer seating area provides covers for 12, with an additional three bar stool seats positioned in the front window. There is also external bench seating to the front of the premises, offering a further eight covers. Towards the rear of the premises is additional storage space along with the customer toilet facilities. PLEASE NOTE: The MerryChef, La Marzocco, Grinder and Prep Fridge are not included in the sale, these items can be included but are subject to negotiation.

TURNOVER: The business is currently fully managed and operated by an assistant manager and several part time staff members. At present, trading hours are 10:00am – 4pm, Wednesday to Sunday. The business is currently achieving average weekly takings of approximately £1,600. There is significant potential to increase turnover by extending trading hours to capture both early morning and late afternoon/evening trade.

TENURE: The entire premises are held on a 6-year full repairing and insuring lease with 3 years remaining at a current rental of £15,250 per annum. There is an annual service charge of £700.

RATES: We understand by the vendor that the rates payable amount to zero, due to the small business rate relief scheme.  The rateable value for the property is £10,000 per annum. Prospective occupiers should make their own enquiries to verify same.

ALCOHOL LICENCE: Licence1445/3/2023/03120/LAPRET - Sale of alcohol to be consumed on the premises. Between the times of - 12:00:00 - 22:00:00 Every Day.

 GENERAL REMARKS: Ideal location with a high footfall.  Secure lease at reasonable rental. Valuable Alcohol licence.

PRICE: We are instructed to quote for the lease, alcohol licence and fixture and fittings £35,000 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to cover the costs of the landlord’s 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 premises has been marked a Band B, the full report is 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 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:               6927C

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.