CAFÉ RESTAURANT ON A BUSY MAIN ROAD POSITION, BRIGHTON VALUABLE ALCOHOL LICENCE

The café/restaurant is located on York Place, which has recently been invested in heavily by Brighton and Hove City council as part of the Valley Gardens improvements scheme. York Place is one of Brighton’s busiest thoroughfares on the edge of the famous North Laines.  The concern is surrounded by local universities, catering and art colleges and on the direct walk way to Brighton mainline railway station and shopper’s pedestrian way from the heart of the Brighton shopping centre to the London Road and Lewes Road neighbourhoods.  The business has been in the current vendors hands for the past 2 years and now comes to the market due to the vendor wishing to retire. At present the vendor has focused on the breakfast and lunch time trade, however this site would be well suited to cater for the evening trade and to capitalise on the alcohol licence. The business has developed an excellent reputation with very good reviews on Uber Eats (4.9*), Google Reviews (4.9*) and Deliveroo (4.3*).

THE PREMISES:  The single fronted café/restaurant has a bar and serve over counter on entering the premise which also include a coffee machine and grinder. The premises has seating available for 60 customers inside, with an additional 20 covers available to the front of the premise and   an additional 20 covers in the courtyard garden at the rear of the property. There are separate ladies and gents’ toilets located near to the main customer seating area. The premises come to the market in excellent condition and all equipped has been regularly maintained and serviced. The kitchen is located towards the rear of the property and has the benefit of full commercial extraction and has a wealth of trade fixture and fittings.  There is also a separate washing up area, dry store, a number of fridges and freezers and the staff toilet. The premises is also fitted with CCTV.

ACCOMMODATION: The lease has the benefit of a self-contained flat which consists of 3 bedrooms and a kitchen and bathroom. At the moment one of the rooms is being let at £1,150 per month and the vendor is currently living in the other bedroom room.

TURNOVER:  We are informed that the business averages between £5,000-£6,000 per week.  The business is currently run by the owner with the assistance of 1 full time chef and 2 part time front of house staff members. Hours of Opening:  9am-4pm Monday-Sunday. There would be significant scope to increase the opening hours to include the evening trade and benefit from the premises licence.

ALCOHOL LICENCE: Licence - 1445/3/2022/02023/LAPRET - Sale by Retail of alcohol consumed on the premises. Between the times of - 10:00:00 - 23:00:00 Every Day.

TENURE: The entire premises are held on a 20-year full repairing and insuring lease at a current rental of £30,000 per annum. There is currently 18 years remaining on the lease and rent reviews are due to take place every 5 years.

RATES: We understand by the vendor that the rates payable amount to £3,500 per annum.  The rateable value for the property is £16,250 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: This business was personally inspected by the vendors sole selling agents who can thoroughly recommend this business. Ideal location with a high footfall.  Secure lease at reasonable rental.  Accommodation included. Early inspections advised. Valuable Alcohol licence.

PRICE: We are instructed to quote for the lease, goodwill, fixture and fittings. Price £150,000 SAV Price reduction

LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to pay 50% of the landlord’s reasonable 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 C, 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:               6766C

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.