East Sussex Fully Equipped Cafe With Thai Food For Sale

Business description

SINGLE FRONTED CAFÉ with electric shutters, 2 electric wall heaters. Tables and chairs providing seating for 28 persons. Counter, 2 group coffee machine, electronic cash register, upright slimline single door drinks display fridge (on loan from Coca Cola).

Rear large kitchen with tiled floor. The equipment includes 6-burner gas cooker with oven, large eye-level steak grill, stainless steel extractor, griddle, bain marie, 4 domestic microwave ovens, 2 stainless steel tables, upright deep freeze, fridge/freezer, chest deep freeze, double sink and drainer, additional sink and drainer, dishwasher etc.

Customer's cloakroom with w.c. and wash hand basin

Property information

Property:

Freehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years lease in respect of the Café with accommodation over at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. Alternatively should the accommodation not be required the vendor, subject to satisfactory references, is prepared to grant a new 15 years in respect of the Café only at an initial rental of £7,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £647 p.a. approx.

PESONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SELF CONTAINED ACCOMMODATION with FULL GAS FIRED CENTRAL HEATING, comprises: First Floor Large Lounge Kitchen Bathroom with corner bath, w.c. and wash hand basin Second Floor 2 Double Bedrooms Stairs to 3rd double bedroom (loft conversion)

Location:

Situated in a terrace, residential area, approx. 2 minutes walk from the seafront, town shopping centre and close to the University, EAST SUSSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £700-£800 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £32,950 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £229,950 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 8.30 a.m. - 3 p.m.
NO SUNDAY TRADING
We are advised by the vendor the premises can remain open until 11 p.m.

Employees:

The business is at present operated by a husband and wife team and no staff are employed.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Leasehold asking price:

£32,950