ICE CREAM PARLOUR E CLASS PREMISE IN THE HEART OF KEMPTOWN ST JAMES STREET, BRIGHTON, EAST SUSSEX

This extremely well-presented corner café (E class) premise occupies a prominent position on St James Street, in this bustling cosmopolitan part of Brighton’s famous Kemptown, surrounded by multi occupancy properties and well-known shops such as Morrisons, Boots the Chemist, Starbucks, etc. nearby.  The business is also within close proximity to a number of law courts, large solicitors’ firms, police station and the American Express European Headquarters which has 4500 staff. Also, the Edward Street Quarter Development which has recently been finished is bringing 168 new homes to the area as well as 125,000 sqft of grade A office space, 20,000sqft of leisure, shops and hospitality facilities. At present the vendor is operating a Gelato café which specializes in producing artisanal gelato and sorbets, made freshly every day in store, as well as a range of Italian pastries and coffee. The café also has the benefit of an alcohol license. The café was established in 2017 and during this time they have developed a successful business, and have received excellent reviews on Trip Advisor (4.5*) and Google Review (4.4*). The vendor has also confirmed that he would provide training and a handover, should they wish to continue making Gelato. The business is now only coming to the market as the vendor wishes to move abroad.

THE PREMISES:  Well-presented corner premise located on St James Street. The E class premise has seating for some 30 persons inside, with an additional 8 covers outside to the front of the café. On entering the café there is a large curved Gelato chiller display freezer with the 2-group coffee machine and grinder behind this. The premise comes to the market with a fine inventory of trade fixtures and fittings and a full inventory will be made available to any bona fide purchaser. We are assured by the vendor that all items of fixtures & fittings are owned by them, nothing is on hire purchase or lease and all have been regularly serviced and maintained.  The preparation and washing up area and kitchen are  located in the basement and contains all of the necessary machines to make fresh Gelato.  There is also a dry store area and the customer toilets.

TURNOVER: We are informed that the business currently averages £5,000 per week. The vendor works full time in the business, with the assistance of three 3 part time staff members. Hours of Opening:  10am to 9:30pm Monday to Saturday. 

ALCOHOL LICENCE: Sale of retail alcohol –

·       8am – 11:30pm – Monday-Saturday

·       8am-11pm - Sunday

TENURE:  The premises are held on a full repairing and insuring lease at a current rental of £15,000 per annum. The lease currently has 10 years remaining.

RATES:  We have been verbally informed that the rateable value is £13,500 and the current rates payable are £828 per annum due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.  

 GENERAL Fantastic area right in the middle of Kemp Town. Fully equipped. We earnestly advise immediate inspections to avoid disappointment.

 PRICE:  We are instructed to quote for the lease, equipment, trade fixtures and fittings PRICE REDUCTION - £75,000 SAV

LEGAL FEES:  Each party to be responsible for their own 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: Our client is in the process of commissioning an EPC for the property.  

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:         6725C

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