Cafe and Cocktail Bar in East Sussex For Sale

Occupying a corner position, prominent pedestrianised trading position, residential area, near station, East Sussex.

Turnover £ 3,750
Price £65,000

Features

Modern Café & Cocktail Bar with Spacious Outside Seating Area


Outside seating for 30 customers with patio heaters.

4 STAR HYGIENE

DOUBLE FRONTED PREMISES, in the region of 945 ft², Laminated (wood flooring), with spot and pendant lighting, cctv with 8 cameras..

Tables and chairs seating 23 people.

Bar - EPOS cash register, Coffee machine (2 group ) on lease, frother, undercounter fridges, glass washer, sink, juicer, beer pump, display chiller, dairy fridge, etc.

Dry store, wash hand basin, fridge / freezer.

Kitchen - Stainless steel extractor, oven, griddle, hob, 2 microwaves, double basket deep fat fryer, dishwasher, undercounter fridges, double sink and drainer, full height fridge, stainless steel preparation taable, etc

Customer cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,750 p.w. increasing with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 8 am - 6 pm
Potentail and demand for longer opening hours.

Outside

Large shed with freezer, used for storage.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £28,000 p.a.

Business Rates from April 2024 £2,600 approx. (Please contact local authority to confirm)


THE BUSINESS IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote