POPULAR CAFÉ SERVING THE LOCAL COMMUNITY LOW OVERHEADS BEVENDEAN, BRIGHTON

This successful and highly rated cafe has been in current vendor’s hands for the past 14 years and during this time has created an excellent business. The café is located in Bevendean which is located to the north-east of Brighton’s city centre and is situated in a densely populated area with a mix of families and student homes.  The café is only a short walk away from Bevendean’s Primary school and nursing home. The café is assured of an all year-round trade and experiences an increase in turnover during the high summer season where customers can sit outside to the front of the café.   The café serves an extension breakfast and lunch menu and also offers fish & chips on Friday night. During the vendor’s stewardship they have received excellent reviews on Trip Advisor (5*) and Google Reviews (4.7*). The business is now only coming to the market at the vendor’s wish to explore other business opportunities.

THE PREMISES:  This smart single fronted premise comes to the market in excellent condition with a wealth of valuable fixture and fittings. The café has been regularly maintained and comes to the market in excellent condition.  The cafe has seating for 17 covers inside with an additional 20 covers available outside to the front of the café. There is a serve over counter into the kitchen which allows customers and staff to interact and see the food being freshly prepared. The kitchen has the benefit of full commercial extraction which is regularly serviced and maintained. Towards the rear of the café is the toilet storage cupboard. The café also has the benefit of metal shutters.  Parking is also readily available on the street.

 TURNOVER:  We are informed that the business currently averages some £1,700 per week and has a reconstructed a net profit of £40,000 per annum. The vendors also regularly close the business 2 weeks in the summer and over the Christmas period as well as a week over Easter.   The vendors work full time in the business with the assistance of 1 part time staff member who works at the weekend. Hours of Opening:  9am to 2pm Monday-Saturday. On a Friday they also offer fish and chips eat in/take away option which is very popular with customers and they open from 6-8pm.

 TENURE:  The current lease is 5 years long and expires in October 2024, the council have confirmed that they will grant a new lease to the incoming purchaser. The current rent is £2,750 per annum.

RATES:  We have been verbally informed that the current rates payable are zero due to the small business rate relief scheme and the rateable value for the property is £2,800 per annum.

 GENERAL REMARKS: Well established and highly rated business. The business has very low operating costs. Very well supported by the local community and residents.  Fully fitted commercial kitchen.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £49,950 SAV PLEASE NOTE: The name is not included in the sale.

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: The property was rated a Band D 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 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:         6776C

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