Business for Sale in England: West Sussex - CHICHESTER CAFÉ & SANDWICH BAR IN SUPERB CENTRAL LOCATION - Leasehold: £42,500

Key Information

Food Service Businesses: Cafes
England: West Sussex
For Sale
Annual Sales
£214,000 Ex Vat
1 Bedrooms
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The business has a superb central location close to the Cathedral and the Market Cross in the very heart of Chichester which is a vibrant, affluent city and the administrative centre for West Sussex. Chichester has a fine mix of retail shops, eateries and independent businesses along with the Festival Theatre and Pallant House Art Gallery making it a popular destination for locals and tourists alike.

This impressive 4-storey property has an attractive and well-equipped café to the lower floors with potential living accommodation above including a modern bathroom and spacious top-floor bedroom. The café has a large built-in counter/servery near the entrance, good kitchen facilities to the rear and approximately 50 covers (including counter seating). We understand that the entire café had a comprehensive refit and refurbishment just 4 years ago at a cost of more than £30,000.

Currently trading Monday to Saturday daytimes only, the café serves a freshly prepared menu including breakfasts, pasties, sandwiches, paninis, baguettes, melts & rarebits, soups, salads, jacket potatoes, cakes and pastries. Beverages include teas, coffees, soft drinks, milkshakes and a selection of fruit smoothies. Accounts for the year ended 30th September 2018 show Annual Sales of £214,536.

The property is held on a 10-year lease from 2012 at a current rent of £35,500 per annum, and we understand that an extension to the current lease will be available if required. (Buyers will need to provide satisfactory trade and bank references to ensure landlord’s consent to the lease assignment.)

The business has built an excellent reputation and attracts a wide range of customers; approximately 40% of sales are for takeaway. With an alcohol licence already in place, new owners will see the potential to introduce an evening menu and the scope for special events and private parties. There is also great potential to increase takings by trading on Sundays and/or introducing a local delivery service.

Ref: C34046T LEASEHOLD £42,500

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