The Tea Room occupies one of Brighton’s premium trading locations in the heart of the Brighton. It therefore benefits from a high footfall throughout the year, from both tourists and local residents. The café has been in the current vendor’s hands for just over five years and comes to the market due to the vendor’s wish to retire. The owners and staff have created an excellent reputation, with first-rate reviews on Trip Advisor, Facebook and Google. Currently, the main food offerings are afternoon teas, cakes, light meals and lunches.
THE PREMISES: The double fronted premises have been fitted to a high standard with all fixtures and fittings being owned outright by the vendor. The serve over counter is to the rear of the premises which is used to display cakes and other baked goods. Adjacent to the counter is the customer toilet with wash hand basin. The preparation and cooking areas are directly behind the counter with access to a small yard area to the rear of the premises used for the storage of waste containers and a separate outside storage unit. The cafe provides inside seating for some 20 persons which can be easily increased to 23/24 when required and has additional alfresco seating on the forecourt for a further 6 persons.
HOURS OF OPENING: Opening hours have been regularly modified over the past two years to suit the prevailing situation. Current hours are 11am to 5 pm Sunday to Friday and 10.30 am to 6pm Saturday.
TURNOVER: The business is currently run under management. The staff consists of one full time Manager and four part time employees. The current average turnover amounts to approximately £2,800 per week.
GENERAL REMARKS: Outstanding position with a high footfall in the Brighton Lanes
Valuable E class Use. The business is ideally suited to an owner operator as the obvious potential will immediately be seen at the time of inspection.
TENURE: The entire premises are held on a full repairing and insuring, renewable lease with 5 years remaining, at a current rental of £25,000 per annum. The next rent review is due to take place in 2025.The current owners are confident a new lease will be granted.
RATES: The current rateable value is £20,500 per annum and benefits from a retail discount with rates payable amounting to £2,577 per annum. Prospective occupiers should make their own enquiries to verify same.
PRICE: We are instructed to quote for the valuable lease, goodwill, equipment, trade fixtures, fittings and chattels PRICE REDUCTION £50,000 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: Rated G
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: 6723C
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
