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Established Health Cafe/coffee House - Worthing For Sale

Worthing, West Sussex, UK
Asking Price:
£97,500 Furniture / Fixtures included
Turnover:
£112,467
Net Profit:
Available on request

Popular Tourist Location
Short Distance From Worthing Beach and Pier
Five Star Food Hygiene Rating
Accounts Available Year End 30th November 2021
Annual Turnover £112,467 (Covid affected)
Gross Profit £69,944
Accounts Available After Viewing
Seating For 23 Inside
Seating For 15 Outside
Scope For Evening Opening
Potential For Delivery Service
EPC - D

Ref 7669 Leasehold Health Café/Coffee House

Blacks Brokers are pleased to bring to the market this long established leasehold health café and coffee shop in Worthing, West Sussex.

INTRODUCTION

NRG Cavern was established in 2016. The business offers an extensive menu of balanced nutritional homemade hot and cold meals, breakfasts, brunches, lunches, salads, award-winning cakes and coffee, teas and smoothies. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to its prominent location within the heart of Worthing town centre. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Tripadvisor. The business also has a strong social media following.

LOCATION

NRG Cavern occupies a prominent trading position within a parade of shops that is located right within Worthing town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as H Samuel, H&M and many more. The business is just a short walk from the beautiful beach front and pier which generates a lot of tourism. The area is well linked by the M23 and A23 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s desire to relocate, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2015 at a cost of £298 per week.

STAFF

The business operates with three full time members of staff in employment supporting both of our clients also working on a full time basis. Additional staff are often recruited throughout busier periods in the Spring and Summer.

FINANCIAL DETAILS

NRG Cavern has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 30th November 2021 show that the business has an annual turnover of £112,467and a gross profit of £69,944. It should be noted that the turnover for year end November 2020 was heavily affected by Covid-19 and lockdowns. Full financial information can be made available after viewing.

BUSINESS RATES

The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This long established business occupies a superb trading position in a bustling area of Worthing. Our client has secured a strong customer base and an impressive trading history. There is plenty of scope to develop the business further with the introduction of a delivery service, evening opening hours and the introduction of outside catering. This proposition would ideally suit an owner operating team who could push the business forward and build upon.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON: 10:00 - 17:00
TUE: CLOSED
WED - SUN: 10:00 - 17:00

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