COFFEE SHOP CAFÉ WITH ALCOHOL LICENCE OCCUPYING PHENOMENAL TRADING POSITION TRAFALGAR STREET, NOR

The coffee shop/café premises are located on Trafalgar Street which is a short walk from Brighton mainline railway station and benefits from being situated in the famous North Laines area with a very high passing trade throughout the year. There is also the added advantage of being in close proximity to Brighton Metropolitan College and a number of offices, therefore giving an excellent all year-round trade. The coffee shop was established 5 years ago and during this time have created an excellent reputation which is evidenced with 4.8* rating on Google Reviews. The business is now only coming to the market due to the vendor’s wish to relocate back to Italy.

THE PREMISES:  The coffee shop/café occupies an excellent Ground Floor corner position. There is seating for 30 covers inside with a further 25 covers available outside. The custom-built counter is located at the front of the premises and are used to display an array of cakes and pastries and also contains the two-group coffee machine and grinder. The lower ground floor contains the customer toilets, an office and storage room, as well as a large kitchen area. The kitchen area has a wealth of fixture and fittings, including a turbo fan oven and hot plates. The kitchen has a separate prep, cooking and washing up area. The premises are also fitted with CCTV.

TURNOVER:  The business currently trades 8am-4pm Monday-Sunday. The vendors work part time in business with the assistance of one chef and 2 part time Barista’s. The vendor’s also offer outside catering, which is popular amongst the number of large offices in the area such as Metlife and Bupa. The average weekly turnover is £6,000 per week.

ALCOHOL LICENCE: 1445/3/2021/01298/LAPREN

The licence allows the retail sale of alcohol between –

12pm-10pm Friday-Saturday

12pm-5pm on Sunday – Wednesday

12pm – 8pm on Thursday

TENURE: The entire premises are held on a full repairing and insuring lease with approximately 8 years unexpired. The current rent passing is £16,700 per annum.

RATES:  We have been verbally informed that the Rateable Value is £13,000 and the current rates payable amount £540 per annum.  Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: The business was personally inspected by the vendors agents and was found to be very well presented. Well-equipped to the trade.  Points to Consider:  Secure lease.  Premises has a high footfall throughout the year. Close proximity to Brighton Mainline train station. Versatile site. Alcohol licence.

PRICE:  We are instructed to quote for the goodwill, lease, goodwill, equipment, trade fixtures and fittings £120,000 SAV   PLEASE NOTE: The trading name ‘Blend & Brew’ is not included in the sale.

LEGAL FEES:  Each party to be responsible for their own legal costs.

VIEWING: Please contact Watkins Commercial on 01273 709090 to arrange a viewing.

ENERGY PERFORMANCE CERTIFICATE:  The premises has been rated a band G 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 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:         6720C

 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.