This is a fantastic opportunity to acquire a wonderful café located in Seaford. Seaford is a coastal town in Sussex and is located 13 miles east of Brighton and 10 miles west of Eastbourne. The café comes to the market in good condition and is situated in the centre of Seaford and is a matter of minutes away from the mainline train station.
The cafe has been in the current vendor’s hands for 17 years and during this time has created excellent goodwill, with a 4.6* rating on Google Reviews, 4.8* on Facebook and 4.5* on Trip Advisor. At present the vendor offers a full breakfast and lunch menu, including light bites such as jacket potatoes, panini’s and a range of different sandwiches.
THE PREMISES: The café comes to the market in good condition and has seating for 20 covers. The serve over chiller counter is at the rear of the café, which is where orders are prepared. The main kitchen is towards the very rear of the café and is fitted with light extraction. There is also access to a yard area at the very rear of the building. The toilets are in the basement. The basement also includes two large rooms which are currently being used for storage.
TURNOVER: The business is currently run by the vendors with the assistance of 1 part time and 2 full time staff members. The business trades between the hours 8:30am-3pm on Tuesday-Friday and 8:30am-2pm on Saturday. The current average weekly turnover in the restaurant is £1,800-£2,000 per week.
TENURE: A new full repairing and insuring 12-year lease will be granted at a commencing rental of £16,000 per annum, with upward only rent reviews every 4 years.
RATES: The rateable value is £9,700 per annum and the current rates payable are zero, due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: This business was personally inspected by the vendor’s sole agents who can thoroughly recommend this as being an extremely well-presented cafe. Ideal location in the centre of Seaford and a few minutes walk to the train station. New secure lease. Excellent reputation.
PRICE: We are instructed to quote for the lease, goodwill, fixture, and fittings £42,500. SAV. Price reduction
LEGAL FEES: Each party to be responsible for their own legal costs.
VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: Our clients are in the process of obtaining an EPC.
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: 6790C
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.
