Restaurant/cafe for sale in Preston Road, Brighton BN1
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Property features
- Trading business
- Low overheads
- E class
Property description
Turnover: The business is run under the personal supervision of the vendor with the assistance of 2/3 part time staff and 1 part time kitchen porter. Current Hours of Opening: 9:30am to 4:30pm – Thursday-Monday. We are informed that the business currently averages £1,500 per week. At present 80% of the turnover is from customer’s eating their food onsite. Considerable scope to increase both the trading hours, outside catering and delivery service.
Tenure: The entire premises are at present held on a full repairing and insuring lease, and the current rent passing is at £6,200 per annum, and has one year remaining. The landlord has agreed to grant a new 10-year lease with a rent review at year 5.
Rates: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value for the property is £4,000 per year. Prospective occupiers should make their own enquiries to verify same.
General remarks: This concern is well fitted to the trade with a valuable inventory of trade fixtures and fittings. Tremendous scope to increase opening hours to capture the early morning breakfast and/or evening trade. The business is assured of an excellent all year-round trade due to the many offices, local residents and shop workers that frequent the business. Points to Consider: Secure lease with very low rent.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Watkins commercial ltd, BN6 on +44 1273 767261 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Watkins commercial ltd, and do not constitute property particulars. Please contact Watkins commercial ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.