Restaurant for sale

21 The Square - PO22

£23,000

Property Description

Commercial information

  • Business for sale

Key features

  • Eat in and take away coffee shop
  • Income in the region of £800 - £1,200 per week
  • Town centre location with loyal customer base
  • Refurbished to high standard, viewing recommended

Full description

Tenure: Leasehold

DESCRIPTION
Sussex Barista is located in the busy West Sussex town of Barnham, near Bognor Regis. This impressive coffee shop has an excellent position in the very heart of the town centre and was fully refurbished in 2014 by the current owner. Sussex Barista is situated on the main road with free parking facilities and directly opposite Barnham mainline train station.

The town is active throughout the day with local residents, plus staff from the various independent retailers and national chains, along with approx. 150/200 staff which work at the train depot which is also on the main high street next door to the business.

Sussex Barista was re-branded by our client and provides what is now a well renowned take away business, although there is space for 9 internal covers and space for 6 — 8 external covers for those wanting to sit and eat, making it family and dog friendly.

Since taking over the business, our client has established a loyal and regular customer base and generates an average income of c. £800 - £1,200 per week. The majority of the income comes from coffee sales which generate excellent gross profit margins to the tune of c. 70%, with food led sales in the region of 50% gross margins, making this business profitable for any hands on operator.


Sales
The advised average takings are in the region of £800 - £1,200 per week.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Friday 05:30 — 16:30
Saturday 07:30 — 16:00
Sunday Closed


STAFF
Managed and run by the owner.

Building External
A highly visible and slightly quirky detached building, which has been tastefully refurbished by the current owner and now provides a small seating area for those wishing to eat in.

BUILDING INTERNAL
The business is fully open plan in design, with a light and airy feel providing space for 9 internal covers, plus space for 6 — 8 external covers. Sussex Barista offers good quality fixtures which include a wood panel counter with glass front chiller for sandwich fillings and salads.

KITCHEN
Due to the nature of the building, there is no dedicated commercial kitchen, although the area behind the serving counter is well equipped with a coffee machine, a panini toaster and a microwave.


RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is held on a leasehold basis which expires in 2019. The rent is £575 per month (correct as advised on 20.10.16). Rent reviews are at 5 yearly intervals. Our client has advised us that the landlord would be prepared to grant a new or extended lease to approved candidates on change of ownership.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


SUMMARY
This is a superb opportunity to purchase a well used coffee shop located in an excellent town centre positon, with excellent gross profits.

This is an ideal lifestyle change business, which needs to be viewed to fully appreciate the location and the business opportunity in general.


Nearest stations

  • Barnham (0.1 mi)
  • Ford (2.7 mi)
  • Bognor Regis (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Barnham (0.1 mi)
  • Ford (2.7 mi)
  • Bognor Regis (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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