Established Day-Time Cafe For Sale

12 Coronation Buildings, Brougham Road, Worthing, BN11 2NW

Quick Summary

£39,950 Price Description: Guide Price Units: 1 Floors: 1 Area: 408 sq ft Type: Business, Catering, Commercial Status: Sale Rooms: 1 Parking: 1

Property Description

An excellent opportunity to purchase a fully fitted and trading daytime café situated in an established trading position. The premises, which are presented in excellent order throughout, comprise a double fronted retail area with serving counter and seating for approximately 28-30 covers. To the rear there is a kitchen, store room and WC.

This is an excellent turnkey opportunity and viewing is strongly recommended.

 

LOCATION:

The premises are situated in a prominent position within a well-established neighborhood parade in Brougham Road; a busy vehicular thoroughfare to the east of Worthing Town Centre.

The parade serves the densely populated surrounding area and nearby commercial occupiers include a mix of independent retailers, offices and eateries. Worthing Hospital and East Worthing Trading Estate are close by, whilst the main Town Centre is approximately 1.5 miles distant.

 

ACCOMMODATION:

The property has the following approximate gross internal floor areas:

 

Front Retail Area

Maximum overall width           17’8

Maximum overall depth           21’1

Approximate area                     325 sq ft

 

Kitchen                                                  83 sq ft

Walk-In Store Room

WC

One car parking space to rear yard

 

BUSINESS:

The current owners have been running the business for approximately two years, but a café has traded from the premises for a good number of years.

The current owners run the business without staff serving a menu including breakfasts, sandwiches, hot cooked meals, roast dinners, cakes and drinks to both eat-in and take-away customers.

The opening hours for the shop are 8am – 2:30 pm Tuesday to Saturday and 9am-2:30pm on Sundays.

 

TERMS:

 

Lease:

The premises are held under the terms of a five year full repairing and insuring lease from March 2018 at a current rent of £7,200 per annum. The lease is contracted within the security provisions of the Landlord & Tenant Act 1954.

 

Premium:

The business, goodwill and fixtures & fittings are offered at a Guide Price of £39,950, subject to contract. Full inventory to be agreed. Stock at valuation.

 

Legal Fees:

The in-coming tenant is to be responsible for the Landlord’s legal fees and the seller’s abortive costs unless otherwise negotiated.

 

RATES:

The Rateable Value for the property is £5100 and therefore any ingoing occupier would likely be subject to Small Business Rate Relief and there would be no rates payable. All parties are advised to make their own enquiries with the local authority.

 

VIEWING:

Strictly by appointment with Spratt & Son.

 

ENERGY PERFORMANCE CERTIFICATE:

The Energy Performance Asset Rating for the property is C.

Copies of the EPC and accompanying Recommendation Report are available upon request.

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