Free Of Tie Bognor Seaside Cafe And Bar For Sale

Business description

Located in the heart of the town as well as being only 50 yards from Bognor Regis's award winning beach.
Modern and recently refurbished open plan Cafe and Bar Area (circa 100) with wood flooring.
1st Floor Function Room (circa 60) with solid wood flooring and bar servery.
1 Bed Self Contained Flat.
Well Equipped Commercial Catering Kitchen.
Advised current turnover is averaging £3000 per week on a 100% wet trade basis with huge potential to introduce catering and further Cafe facilities.
New 21 year 'free of tie' lease with a rent of only £15k.

A 'free of tie' seaside property offering many uses and huge potential

Asking price £39,950 leasehold to include fixtures & fittings, goodwill, excluding s.a.v.

The Property

This substantial cafe and bar is an attractive and impressive 2-storey property of brick construction under a pitched, tiled roof occupying a superb and prominent corner position.

The Open Plan Lounge Bar and Cafe (circa 100) has recently undergone a refurbishment and is presented in excellent condition. This room benefits from a large bar servery, solid wood flooring and a DJ Booth.

The Function Room (circa 60 covers) is located on the first floor and is an ideal room for functions and parties. The room has a bar servery area and solid wood flooring that has recently been refurbished.

The Ground Floor Cellar benefits from coolers, python system and direct access to both the kitchen and bar area.

Ladies and Gents W.C.'s.

There is a commercial catering kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash up and preparation areas.

The Business

The current owners purchased the business 4 years ago and are offering the property in excellent condition throughout as well as being a profitable business.

The property has been an Italian Restaurant for the past two years and has recently been converted back to a cafe and bar.

The property and business offers a profitable business with huge potential as the current owners are not currently doing any catering.

We are advised that the current turnover is averaging at £3000 per week on a 100% wet trade basis.

This property offers a variety of uses and benefits from an excellent position close to the seafront as well as being in the heart of the town.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Leasehold

Lease terms:

The business is offered for sale as a lease assignment with approximately 21 years remaining of the private 'free of tie' full repairing and insuring, renewable agreement. We are advised that the business is free of tie for all products. We are informed that the rent is currently £15,000 with the next rent review due in 2012.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services, (no services seen or tested). Business rates are advised as currently being circa £4,500 per annum.

Living accommodation:

Situated on the first floor is a 1 Bedroom Self Contained Flat that is currently undergoing some refurbishment work.

Location:

This well located 'free of tie' cafe/bar is situated on High St, Bognor Regis, West Sussex.

Bognor Regis is a seaside resort town in the Arun District of West Sussex, on the south coast of England.

It lies 55 miles south southwest of London, 24 miles west of Brighton and 6 miles southeast of the county town of Chichester.

Bognor Regis has a population of 22,500 according to the 2001 census.

With high sunshine figures, a flat and wider promenade and bustling, friendly town centre, Bognor Regis is a great place to live along with being a very popular holiday destination.

The town is famous for its award winning Blue Flag sand and shingle beach along with being a popular destination for water sports including windsurfing, jet-skiing, sailing and swimming.

This 'free of tie' property is located within 50 yards of the beach as well as being in the heart of the town.

Other information

Trading hours:

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon - Tues 9am to 11pm

Wed - Sun 9am to 12.30am

Current opening hours are:

Mon - Tues 10am to 11pm

Wed - Sun 10am to Midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 weeks.