Business for Sale in Arundel, West Sussex CHARACTER TEA ROOMS AND 2-BEDROOM FLAT IN ARUNDEL, WEST SUSSEX

Key Information

Reference

TR34488T

Tenure

Freehold

Status

Sold

Region

West Sussex

Sector

Tea Rooms

Annual Sales

£286,000.00 Exc. VAT

Accommodation

Yes

Business Information

The business is situated in the centre of Arundel, a busy market town synonymous with its castle and cathedral and boasting 1000 years of history. The town has excellent road communications being situated on the A27 dual-carriageway which runs east to Worthing and Brighton and west to Portsmouth and Southampton where it connects with A3(M), M27 and M3 motorways. Gatwick Airport is located approximately 38 miles to the north-east. Arundel train station offers easy access to London and other cities such as Brighton and Southampton.

The property comprises a two storey Grade II Listed building with the ground floor configured as a tea room/restaurant and includes a working kitchen, preparation area, storage, customer and staff WCs. The tea room currently offers 45 covers with a further 20 covers outdoors on the terrace which can be accessed through the tearoom or from the rear via the car park. The self contained first floor flat includes a single and double bedroom, open plan kitchen/living room and bathroom and is accessed via the courtyard of the tea room.

This is a long-established and successful business with an excellent reputation for home-cooked food and specialising in cakes, scones, lunches and lighter snacks. The business currently holds a 5-star food hygiene rating and a 2019 Tripadvisor Certificate of Excellence. The most recent accounts show annual sales of £286,638 and a pre-tax net profit of £78,177. As occupiers of retail and leisure properties are eligible to receive a discount of 100% from their 20/21 rates bill, we understand that there are currently no business rates payable.

This is an outstanding opportunity to acquire a successful and well-established business in the desirable and historic town of Arundel. The property is available to interested parties due to the proposed retirement of the existing owners. Although the first floor flat is currently let by way of an assured shorthold tenancy, purchasers can potentially combine a good income from the business with the benefits of living in a very attractive environment just a short distance from the coast.

FREEHOLD £525,000 REF: TR34488T