West Sussex Licensed Cafe Restaurant Plus Juice Bar For Sale

Business description

Outstanding opportunity to acquire a well equipped Café/Restaurant plus Juice Bar catering for breakfasts, lunches, sandwiches, baguettes, pizzas, teas and coffees plus fresh juices.

Front area with space for 3 tables and 6 chairs (We understand there is a licence fee payable of £400 p.a).

SPACIOUS CAFÉ/RESTAURANT with woodstrip floor, ceiling with inset lighting. Tables and chairs providing seating for 52 persons. Attractive counter, cool display serveover counter, 3 group coffee machine, coffee grinder, electonic cash register.

OPEN PLAN LEVEL KITCHEN with non-slip floor, stainless steel extractor, large electric griddle, deep fryer, 1 chest deep freeze with stainless steel top, 3-door stainless steel counter fridge, 1 upright Fosters stainless steel fridge, 2 sinks, wash hand basin, dishwasher.

First floor ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Office

In addition there are 3 offices situated on the third floor, let on shorthold tenancies to 3 separate tenants and providing a current rental income of £1,200 per month.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlady, the present lease having approximately 1 year unexpired at a rental of £22,000 p.a. exclusive of rates, fixed for the remainder of the term. (As will be appreciated with the current rental income from the offices over of £14,400 p.a. the net rental payable at the present time is only £7,600 p.a. exclusive of rates). We further understand from the present tenant that the landlady will grant, subject to satisfactory references, a new 15 years lease at terms and rent to be agreed.

Uniform Business Rates: £10,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Location:

Occupying an excellent main road trading position, sought after WEST SUSSEX TOWN

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £5,500/£6,000 p.w. before recently commenced evening opening. In our opinion the business offers terrific potential for further development in the right hands. Gross profit 65% approx. We are further advised that the sales for the period 15th October, 2010 to the 31st August, 2011 (i.e. approximately 10½ months) showed sales of £207,855 with a gross profit of £127,499 plus rent received of £14,092 making a total gross profit of £140,591.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

9 a.m. - 6.30 p.m. seven days per week

Employees:

At present operated by a husband and wife team with the assistance of 1 full time chef plus 4 additional full time staff.

Other information

Financing available:

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