COFFEE SHOP CAFÉ OCCUPYING PHENOMENAL TRADING POSITION NORTH LAINES, BRIGHTON

The coffee shop/café premises are located in the middle of the popular North Laines. It is a short walk from Brighton’s mainline railway station and benefits from 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 9 years ago and during this time have created an excellent reputation which is evidenced with 4.6* rating on Google Reviews and 4.5* on Trip Advisor. The business is now only coming to the market due to the vendor’s wish to focus on other business opportunities.

THE PREMISES:  The coffee shop/café occupies an excellent premise in the middle of the North Laines. There is seating for 36 covers inside with a further 4 covers available outside. The serve over counter is located at the front of the premises and is used to display an array of cakes and pastries and also contains the two-group coffee machine and grinder. The first floor contains the customer toilets, kitchen and additional seating. The kitchen area has a wealth of fixture and fittings which will be included in the sale.

TURNOVER:  The business currently trades 8:30am-5pm Monday-Sunday. The café is currently run under management with a full-time manager on site with the assistance of 7 part time employees. The average weekly turnover is £6,200 per week. At the present 70% of the turnover is based on eat in sales with the remaining 30% being takeaway items.

TENURE: The entire premises are held on a full repairing and insuring lease with approximately 9 years unexpired. The current rent passing is £ 22,265 per annum.

RATES:  We have been verbally informed that the Rateable Value is £8,800 and the current rates payable amount zero 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. North Laines location. Versatile site.

PRICE:  We are instructed to quote for the goodwill, lease, goodwill, equipment, trade fixtures and fittings PRICE REDUCTION £75,000. SAV   PLEASE NOTE: The trading name 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 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 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:         6728C

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 Commerci