Fully-fitted Cafe for Sale in Farnham with seating for 40 in Lion & Lamb Yard, lease and assets only.
Farnham, Surrey
- Status
FOR SALE
- Advert ID
659447
- Reference
RPS-23397 / Rightbiz
- Call Agent:
- Leasehold: £99,000 (Stock at valuation)
- Rent: £30,000 (£2,500 per month)
- Turnover: £234,000 (£4,500 per week)
- Profit: Not Applicable
Key Features
- Fully operational business for sale
- Potential for growth opportunities
- High hygiene rating kitchen
- High-quality dining experience
Business Details
Fully fitted Cafe for Sale in Farnham. Lease & Assets only. Circa 40 covers (GF & 1st floor)
Fully-fitted Cafe for Sale in Farnham. Lease & Assets only
Property ID: RPS-23397
PROPERTY & BUSINESS SNAPSHOT
Type - Fully fitted & modern cafe
Location - Historic & Car-free Lion & Lamb Yard, Farnham
Lease expiry - Ending in June 2038 (Outside the 1954 Act)
Rent - £30,000 VAT p.a. exclusive
Rent review - Every 5 years with next review due in 2028
Floor area - TBC
Covers - Circa 40 covers (ground floor & 1st floor)
Rateable value - 31,000
Business rates payable - Circa £5,590 per annum (relief applied)
Permitted use - Cafe (Class E)
Annual Turnover - Circa £234,000 (circa £4,500/week)
Ancillary - We have been informed it benefits from 3 phase
Premium - £99,000 (Lease & FF&E only)
LEASE & LANDLORD’S REQUIREMENTS
- The opportunity is offered by way of assignment of the existing lease, which expires in June 2038. The lease is granted outside the security of the Landlord and Tenant Act 1954.
The landlord requires:
- Rent deposit, subject to references
- Satisfactory completion of the landlord’s usual referencing and due-diligence procedures.
MAIN DETAILS
- Situated in a historic Lion & Lamb Yard in Farnham, this fully fitted café provides approximately 40 covers across the ground and first floor. Ground floor accommodates circa 12 covers with counter and kitchen.
- We have been informed that the business currently generates an annual turnover of circa £234,000, equivalent to approximately £4,000 to £5000 per week.
- Our client manages the business with 3 full time staff and a part time staff.
THE LOCATION
- Lion and Lamb Yard is a historic, car-free shopping courtyard located in the heart of Farnham, Surrey GU9
- Affluent demographic area with strong purchasing power and professional workforce
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements. All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
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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.
Be safe, use a Rightbiz Solicitor
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