This café/restaurant is in one of Brighton’s most desirable trading spots, situated in the popular North Laine area. Just a short walk from Brighton’s mainline train station and surrounded by large office buildings, the business benefits from a steady flow of foot traffic throughout the year, including tourists, office workers, and residents. Currently offering a well-received Asian-fusion menu, the café/restaurant has a strong customer base. However, the location and premises are versatile and would be suitable for a variety of different cuisines or business concepts. This is a great opportunity to take advantage of a prime location with plenty of potential for continued success.
THE PREMISES: The single fronted E class premise has been fitted to a high standard with all fixtures and fittings being owned outright by the vendor. On entering the premises there is seating for 14 covers inside, with an additional 12 covers to the front of the premise, by way of a pavement licence. Towards the rear of the property is the serve over counter and open plan kitchen. Which includes extraction, a preparation area and cooking space. In the basement there is an additional preparation area and washing up space. The toilets are also located in the basement.
TURNOVER: The business is currently run under management and is fully staffed. The current weekly average turnover is £4,000 per week.
GENERAL REMARKS: New secure lease. Outstanding position with a high footfall in the middle of the Brighton’s North Laine. Obvious potential of this premises will immediately be seen at the time of inspection. Valuable fixture and fittings.
TENURE: The ground floor and basement will be held on a new 12-year full repairing and insuring lease at a commencing rental of £32,500 per annum. Rent reviews to take place every 4 years.
RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value for the property is £18,500 per annum. Prospective occupiers should make their own enquiries to verify same.
PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £90,000 SAV
LEGAL FEES: Each party to be responsible for their own legal costs.
VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: The premises has been rated a Band C, the full report is available on request.
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: 6814C
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 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
