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Crickmay View more business for sale by this agent
This concern has operated for many years at the heart of the Back Packing scene in Brighton and offers a great opportunity for new owners to take over an established business and to further explore the ground floor café/ coffee shop opportunity that exists.
The premises are a short walk from Brighton mainline Railway Station and are close to all of the city’s main attractions.
Comprising a substantial double bay fronted property arranged with Reception and Cafe on the ground floor with letting accommodation arranged on the first, second and third floors.
The accommodation is arranged in dormitories comprising 4 eight bedded rooms, 6 four bedded rooms and 2 staff bedrooms. There are 4 shower rooms and 5 w.c.'s within the property. The ground floor is served by a good size trade kitchen and there are also good size stores at lower ground floor level.
The premises provide wi-fi coverage and bike and luggage store.
The business has been owned and operated by the present Vendors since 1999 having recorded a consistent turnover in the region of £130,000 p.a. This figure is based on 11 months trading as the premises close over Christmas and January period. The turnover figures do not include takings from the potential cafe premises at ground floor level which the current vendors have chosen not to utilise, although this offers an excellent opportunity for new owners.
The premises are held on two co-terminus Leases running from July 2010 for 15 years. The current passing rental is £38,000 per annum with reviews scheduled at 3 yearly intervals.
We are instructed to quote for the Leasehold Interests to include, Goodwill and an Inventory of Fixtures and Fittings:
OIRO £75,000 + Stock at Valuation
Rateable value £8,000
Each party to be responsible for their own legal fees.
Rating E - 122 - Certificate Ref. No 0030-7907-0307-6720-30064
As the business is currently operational and staff are unaware, viewings may only be conducted by prior appointment
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