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Fully equipped CAFÉ (catering for breakfasts, snacks, lunches, teas & coffe

Price:
Freehold - £229,950
Leasehold - £32,950
Turnover:
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Seller Ref:
R3122
Location:

East Sussex

Business Type:

Food Service Businesses

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Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : SINGLE FRONTED CAFÉ with electric shutters, 2 electric wall heaters. Tables and chairs providing seating for 28 persons. Counter, 2 group coffee machine, electronic cash register, upright slimline single door drinks display fridge (on loan from Coca Cola).

Rear large kitchen with tiled floor. The equipment includes 6-burner gas cooker with oven, large eye-level steak grill, stainless steel extractor, griddle, bain marie, 4 domestic microwave ovens, 2 stainless steel tables, upright deep freeze, fridge/freezer, chest deep freeze, double sink and drainer, additional sink and drainer, dishwasher etc.

Customer's cloakroom with w.c. and wash hand basin

WE ARE INFORMED the turnover averages £700-£800 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years lease in respect of the Café with accommodation over at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. Alternatively should the accommodation not be required the vendor, subject to satisfactory references, is prepared to grant a new 15 years in respect of the Café only at an initial rental of £7,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £647 p.a. approx.

PESONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £32,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £229,950 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Location Details:
Situated in a terrace, residential area, approx. 2 minutes walk from the seafront, town shopping centre and close to the University, EAST SUSSEX
Trading Hours:
Monday - Saturday inclusive - 8.30 a.m. - 3 p.m.
NO SUNDAY TRADING
We are advised by the vendo
Accommodation:
The SELF CONTAINED ACCOMMODATION with FULL GAS FIRED CENTRAL HEATING, comprises:

First Floor
Large Lounge
Kitchen
Bathroom with corner bath, w.c. and wash hand basin

Second Floor
2 Double Bedrooms

Stairs to 3rd double bedroom (loft conversion)

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