This business occupies a fabulous high street trading position in one of Sussex’s prettiest villages. The business has established a loyal following among the local community and has received excellent reviews Trip Advisor, Facebook and Google Reviews. It has been in the present vendors hands for nearly 7 years, and now only comes to the market due to one of the vendor’s wish to retire. The business has created an excellent reputation for offering freshly prepared food, which includes breakfasts, light lunches and the popular afternoon tea. There would be enormous scope to extend the current opening hours, increase the outside catering element of the business and develop the retail side of the business further.

THE PREMISES: The business occupies a mid-terrace and prominent high street position with seating for 28 covers. The business has been beautifully refurbished and is fitted and equipped to a very high standard, and has been awarded the 5-star Rating from the Health and Environmental Team. To the rear of the shop, there is a customer WC with wash hand basin and a newly refurbished kitchen, which leads onto a yard space, which is ideal for storing the bins. There is also substantial dry storage available in the basement.

TURNOVER: At present the vendor works full time in the business, with the assistance of 3 part time staff members. At present the business trades between 9am-3pm Tuesday-Saturday and 10am-3pm on Sunday, therefore there would be enormous scope to extend trading hours and increase turnover. We are informed that the current weekly turnover averages £2,500-£3,000 per week.

TENURE: There are currently 5 and half years left on the lease, at the current rental of £16,784 per annum. The next rent review is due in February 2023. PLEASE NOTE: The lease does not have the protection of the landlord and tenant act; however, the landlord is prepared to extend the lease.

RATES: We have been verbally informed that the current rates amount to about £2,472 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: This business was personally inspected by the vendor sole selling agents, very highly recommended. This concern will appeal to one/two partners who wish to run the business with obvious scope to increase. Early Inspections Advised.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £65,000 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 E and the full report is available upon 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: 6689C

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 etc. 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