ESTABLISHED CAFÉ PORTLAND ROAD HOVE

Hove Patisserie was created 23 years ago from their first site in Hove Park Villas and then 8 years ago opened the Portland Road site.  The Portland Road café is on the north side of a bustling parade of shops, which has a mixture of retail, catering outlets and language schools nearby. The café benefits from a high footfall due to its ideal location and being adjacent to a busy bus stop. At present the cafés offer a wide range of freshly prepared pastries, sandwiches, cakes, panini’s and a selection of salads which are all made and baked in house. The business has developed an excellent reputation with many customers being local residents and coming from nearby businesses and offices. The businesses now only come to the market due to the vendors wish to retire.  

PORTLAND ROAD PREMISE: The single fronted shop has been refurbished and decorated to a high standard.  The serve over counter is well proportioned and has two glassed display cabinets which currently display breads, pastries and cakes. Behind the display cabinets are a long preparation bench which is used to prepare customers food and drinks orders. Seating area for approx. 3 customers inside with additional alfresco seating available for a further 14 customers. To the rear of the café is a further preparation area, which includes a number of fridges and freezers. As well as a washing, up area and dry store. There is a WC to the rear of the premises. 

TURNOVER:  We are informed that the business currently averages just over £3,000 per week. The vendors oversee the management of the business and the café is currently run by two full time staff members.  The café is open Monday-Friday 6:30am-2:30pm. There is enormous scope to increase turnover further by opening at the weekends, restarting the previously very successful outside catering side of the business and to also partner with the likes of Deliveroo and Just Eats.

TENURE:  The premises is held on a full repairing and insuring lease at a current rental of £14,000 per annum and has 1 year remaining on the lease.

RATES:  The rateable value for this site is £7,500 per annum and the rates payable are £1,800 per annum, due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: The café is located in an excellent location which benefits from a high footfall throughout the year. Low overheads. Opportunity to restart outside catering operation. Personally inspected.  Secure leases. Established businesses. Highly Recommended.

PRICE:  We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £50,000 SAV

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 property has been rated a band B, 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:         6782C

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.