Traditional Cafe in Worthing For Sale

Situated in a parade, excellent main road trading position, WEST SUSSEX WORTHING

Turnover £ 4,500
Price £89,500

Features

Well Established Traditional Licensed Café

5 DAYS OPENING
4* HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 740 ft². Woodstrip floor, ceiling with spotlights. Tables and chairs providing seating for 42 persons. Sales counter with counter fridge, EPOS till. CCTV system (5 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, 2 microwaves, grill, oven, 2-pan deep fryer, 5 freezers, 5 fridges, 2 stainless steel preparation tables.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 3 full time & 2 part time staff.

Trading Hours

5 Day week
MONDAY, THURSDAY & FRIDAY 8 a.m - 3.30 p.m
SATURDAY & SUNDAY 9 a.m - 3.30 p.m

Outside

Small garden

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the private landlord is prepared to grant a new 10/15 years lease with reviews every 5 years at a rent of £19,500 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote