Sandwich Bar, Patisserie & Catering Business For Sale

Sea Road, East Preston

Quick Summary

£40,000 Price Description: Offers In Excess Of Units: 1 Floors: 1 Area: 370 sq ft Type: Business, Catering, Commercial Status: Sale Rooms: 3 Garage: 1

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Property Description

Spratt and Son are delighted to offer this excellent opportunity to purchase a well-established catering business operating from a fully fitted premises within a popular West Sussex coastal village. The premises, which trade as a daytime sandwich bar and patisserie, are presented in excellent order throughout with a good standard of fixtures and fittings. There is a small front retail area with serving counter, prep area and display chiller, beyond which there is a good size kitchen, storage space and office. Externally the property benefits from a rear garage with power and lighting and outside seating for two tables and chairs to the front of the shop. This is an excellent turnkey opportunity and viewing is strongly recommended.

 

LOCATION:

East Preston is an affluent and desirable seaside village with a population of around 5,500. It lies on the south coast between the West Sussex towns of Worthing and Littlehampton and offers excellent transport links to the surrounding areas. The property is situated within a well-established parade to the southern end of Sea Road, just 200m from the beach.

 

ACCOMMODATION:

The property has a gross internal area of approximately 370 sq ft with accommodation arranged as follows:

 

Front Retail Area                     90 sq ft

Kitchen                                    184 sq ft

Store                                          48 sq ft

Office                                         48 sq ft

WC

Garage                                     156 sq ft

 

BUSINESS:

The business offers an outside catering service providing sandwich platters, finger and fork buffets to events, corporate lunches and parties. As well as the aforementioned, they also wholesale supply cakes to local cafes and restaurants.

The daytime trade of the shop consists of a patisserie and sandwich take-away serving a range of freshly prepared cakes, pastries, quiches and sandwiches as well as soups and hot and cold drinks.

The day-to-day running of the shop is managed by one of the two business partners, together with the assistance of six part-time members of staff.  The opening hours for the shop are currently 9am – 3pm Monday to Saturday.

The original business was formed over ten years ago, trading from other premises locally before moving to the existing shop in 2013. The business has a consistent and healthy turnover with full accounting information available upon request.

This is considered to be an excellent turn-key opportunity suitable for existing operators hoping to expand or first ventures seeking a manageable and established business.

 

TERMS:

 

Lease:

The premises are available under the terms of brand new full repairing and insuring lease at an initial rent of £9,000 per annum.

 

Premium:

Offers in Excess of £40,000 for the business, goodwill and fixtures and fittings (full inventory to be agreed). Stock at valuation.

 

AGENTS NOTE:

Our clients may consider a sale to the right applicant on the basis of a Joint Venture by way of a Partnership Agreement. Please call for further information or to discuss your requirements in more detail.

 

Legal Fees:

The in-coming tenant is to be responsible for the Landlord’s legal fees unless otherwise negotiated prior to entering into an agreement.

 

RATES:

Rateable value              £3,500.00

We would recommend any interested parties make their own enquiries as to the Rates Payable. Businesses may be entitled to some small Business Rate Relief, for further details please contact Arun District Council.

 

VIEWING:

Strictly by prior appointment with Spratt & Son

 

ENERGY PERFORMANCE CERTIFICATE:

The Energy Performance Asset Rating for the premises is F. A copy of the EPC and accompanying Recommendation Report is available upon request.

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