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property information
Commercial
Status: POA
Type: For sale
Class: A3 Restaurants and Cafes
Address: South Street, Horsham, West Sussex RH12 1QU, UK
Categories:
Cafe
Restaurant
Price: Price on application
Min size: 279.00 sq ft
Min size: 749.00 sq ft

Popular Leasehold Specialist Sandwich Business Take-Away Franchise - Prime Location, Horsham, West Sussex

 

Status For Sale


Location
Located in the heart of the town opposite the Main Bandstand and close to the entrance to Swan Walk Shopping Precinct. Nearby multiple representation includes Moss Bros, Waterstones and Crew Clothing.

Horsham, being one of the largest West Sussex towns is located on the A24 close to its junction with the A264 which provides a direct link to the South East motorway network. The mainline railway station is a short walk from the town centre. There are a large number of office buildings close by including the More Than Insurance provider.

 

Accommodation
Single fronted shop front, internally enjoying a modern and corporate style shop fit including covers for 32 with modern fitted service counter with a range of refrigerated serve over glass fronted counters. Rear servery fitted with bread oven, microwave, rapid cook oven and full range of illumninated menu boards, cash register etc. To the rear of the main servery is a fully equipped preparation and wash up area. Beyond this are separate Freezer and Walk in Cold Rooms. Staff WC and access to rear loading bay and bin storage area.

The main dining area is served by separate and ladies gents WC's including disabled and mother and baby facility. Further to the rear are separate walk in Freezer and Cold Rooms. Staff WC and access to rear loading bay and bin storage area.

A full Inventory of trade fixtures and fittings will be provided to interested parties.

First Floor: 443.66 sq m - 470 sq ft approached by stairs at the rear of the shop.

Access to first floor office/operations room. Further staff area. Separate bathroom with cubicle shower, basin and WC. The first floor benefits from electric storage heating.

Shop dimensions:

Ground Floor Retail Area 69.58 sq m (749 sq ft)
Ancillary 26.85 sq m (289 sq ft)
Garage/Store 25.92 sq m (279 sq ft)

 

Lease Terms
The premises are currently held on a FRI Lease granted for a period of 15 years from December 2007. Passing rent £48,000 with 5 yearly rent reviews. Next review December 2017.

 

Business Information
Currently the business operates under a National Franchise Agreement and trades between the hours of  7 am until 8 pm. Monday to Thursday 7 am to 10 pm. Fridays and Saturdays and 9 am until 8 pm. on Sundays. All trade is counter only and no deliveries are undertaken although it is felt that demand does exist for local deliveries. The business is currently overseen by the owner who employs a full time manager and nucleus of 7 staff. The business enjoys the back up of a worldwide franchise organisation and has in recent months seen sales continue to grow to the current levels of between £9,000 - £10,000 per week. Excellent profits are achievable particularly if the business is owner run. The current franchise commitment 12.5% of gross turnover.

Franchise Details - Further details upon request.

 

Price
We are instructed to invite offers for the Leasehold Franchise Business to include a full Inventory of Fixtures, Fittings and Equipment:

£220,000 ono Stock at Valuation

 

Business Rates
We have been informed by the Local Rating Authority that the premises are assessed as follows:

Rateable Value: £35,000
UBR (2014/2015) 48.2 p in £

We advise that you contact the Local Rating Authority for confirmation of the actual amount payable.
The rates payable may be subject to transitional relief and small businesses may be eligible for the Small Business Rate Relief Scheme.

 

Legal Costs
Each party to be responsible for their own legal costs.

 

EPC
To be provided.


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Cafe for sale - South Street, Horsham, West Sussex RH12 1QU, UK

Listed on: 24 February 2015
Price on application
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