Cafes for sale in Southampton

View the "BUSY DAYTIME CAFE IN SOUTHAMPTON CITY CENTRE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 


I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Leasehold Price: £39,950 Price Reduced
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Business Description
LOCATION:
Occupying a prime trading position in the Below Bar area of one of Southampton's most densely populated residential areas yet is in the City centre, close to West Quay, Debenhams and other High Street shops and offices. Southampton is the regional capital of England's South Coast and with a population of 221,200 is the largest city in the South East outside London. The economy, formerly based on traditional manufacturing industries and port-related activities is now more diverse. Companies such as Royal Bank of Scotland, Ford, NXP Semi-conductors, Ordnance Survey, Skandia and Merck have headquarters in Southampton. The city is one of Britain's most historic and successful deep-water ports; a natural choice for a wide range of customers and trades, with facilities to handle virtually any type of cargo. Its natural deep-water harbour and unique double tide allow unrestricted access for the world's largest vessels. It hosts Europe's biggest on-water boat show - The Southampton Boat Show which is held in September each year, as well as garden and music festivals. There are a host of excellent bars, restaurants, clubs and superb venues for music, theatre, film and recreation. West Quay is the premier shopping destination on the South Coast, offering an unrivalled selection of retail brands located in Southampton City Centre. Shoppers are attracted to the choice of more than 90 stores, including John Lewis and Marks and Spencer.

BUSINESS:
A very busy, daytime cafe trading in the heart of Southampton. The vendor runs the cafe full time with one full time assistant/grill chef and 2 part time staff each working 2 days per week. The premises offer 30 covers with a vacant first floor area currently used for storage. This well-equipped cafe has competed successfully for the past 5 years opposite Subway, indicating the high-volume footfall in this area of the City. The vendor is selling up to invest the proceeds into an Asian Noodle Bar to be operated by his wife in another part of Southampton.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)

The premises have a fully-glazed, maintenance free aluminium shop front with centre inward opening casement door opening into a 38ft/11.5 m deep x 16 ft/4.8m ground floor area offering a net internal area of 554 sq ft/51.44 sq m. There are separate male and female WC facilities and a door to the rear for loading. Stairs lead up to the first floor which offers an optional 232 sq ft/21.6 sq m of additional seating but which the vendor uses for storage.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)

There is no private accommodation included with this opportunity

TENURE:

This is a leasehold opportunity with a renewable 10-year lease in place which expires in 2021. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £24,000 per year. There are 3-yearly rent reviews.
Please be aware that the landlord will require references to support your application as a tenant and satisfactory bank and trade references will be requested. In addition, the landlord may ask for a rent deposit equal to 3 or 6 months dependent upon quality of references and status of the buyer.

RATES:
The rateable value of the business premises for 2016/17 is £17,750
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:

We understand from the vendor that all main services are connected to the property.

HOURS:

Monday to Friday 09:00 to 16:00
Saturday 08:30 to 16:30
Sunday 09:00 to 15:00

STAFF:

The vendor runs the cafe full time with one full time assistant/grill chef and 2 part time staff each working 2 days per week.

STOCK:

The vendor informs us that the value of the stock is approximately £750.

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:

The vendor is selling up to invest the proceeds into an Asian Noodle Bar to be operated by his wife in another part of Southampton. This has created an exciting opportunity for a new owner to build on the solid foundations laid down by the current operator.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Tenure: Leasehold

Location Details: Southampton City Centre

Leasehold Term:

This is a leasehold opportunity with a protected, renewable 10-year lease in place which expires 30 June 2021. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £24,000 per year. There are 3-yearly rent reviews with the next review due in 2017.

Listed by: Adams & Co
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HW1480
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