well-established franchise restaurant business for sale as a going ...
BUSINESS FOR SALE
WELL-ESTABLISHED FRANCHISE RESTAURANT BUSINESS FOR SALE AS A GOING CONCERN *TRADING SINCE 1977* (FREEHOLD INTEREST AVAILABLE)
WIMPY, 8-10 SURREY STREET, LITTLEHAMPTON WEST SUSSEX BN17 5BG Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION Littlehampton is a bustling seaside resort located on the Sussex coast, between Worthing and Chichester, which lie approximately 7 miles and 14 miles to the east and west respectively. The town has an urban population of approximately 25,500 and a catchment area of 55,000 and is an established commercial centre with fast direct access to the A3 and A24 via the east/west main A27. Littlehampton Station is within a short walking distance, offering rail services to Worthing, Brighton, Bognor Regis, Chichester, London Victoria, Portsmouth and Southampton. The property is located in a bustling well-established shopping area in the heart of the town centre, just off the main High Street. Nearby multiple traders include Morrisons, King & Chasemore, Iceland, Weatherspoons, Lidl, Peacocks and Sainsbury’s. DESCRIPTION A well-presented, fully fitted A3 burger restaurant arranged over ground and first floors with living accommodation above. The premises provide a traditional layout with an open plan dining area, kitchen and preparation area to the rear. The dining area offers approximately 50 table covers. The living accommodation over the second floor, which is accessed at the rear, provides a good sized one bedroom self-contained flat. COMMERCIAL ACCOMMODATION The interior style is in a corporate theme having mainly tiled floor, two tone painted walls and low lit ceiling lighting. The premises include a fitted granite service counter, fully equipped kitchen with overhead extraction. To the rear, there is a disabled toilet, dedicated washing up area and access point for deliveries. The first floor comprises further customer toilets, staff changing room, stock room (with walk-in freezer) and private office. The premises provide the following net internal floor areas* Ground Floor Dining area Kitchen Disable toilet First Floor Stock room / office Staff changing room Customer toilets Total Accommodation
827 sq ft (76.8 sq m) 76 sq ft (7.10 sq m)
365 sq ft (33.90 sq m) 43 sq ft (4.0 sq m) 1,311 sq ft (121.8 sq m)
*Valuation Office Agency floor areas
RESIDENTIAL FLAT (SECOND FLOOR) The flat comprises a double bedroom, lounge, small kitchen and large shower room. The Landlord will allow the flat to be sublet if not required.
THE BUSINESS Established in 1977 and run by the same family ever since, the business is run by two full time employees with the assistance of six part-time staff members. The property’s central location within the town centre offers excellent all year round trade, boosted in the summer months by day trippers and tourists alike. We have been verbally advised that the business typically generates an annual gross turnover in the region of £285,000 (averages £5,480 per week). The business currently trades from 9.00 am – 8.00 pm Monday to Thursday, 9.00 am – 9.00 pm Friday and Saturday and from 9.30 am – 7.00 pm Sunday. TENURE The property is available upon a new full repairing and insuring lease for a term of 15 years with five yearly reviews. Subject to terms offered, the freehold interest could be available – price upon application. RENT £24,000 per annum exclusive. PREMIUM A premium of £164,000 is being sought for the benefit of a new lease, goodwill, trade fixtures/fittings including extensive catering equipment. VAT We have been advised that the property is VAT exempt. LEGAL COSTS Each party to pay their own. BUSINESS RATES & COUNCIL TAX (2014 | 2015 FINANCAIL YEAR) Business Rates Rateable Value Payable Rates
£15,000 £7,065
Council Tax Valuation Band A
£1,049.75
Interested parties are advised to contact Arun District Council Business Rates Department on 01903 713372 to verify the above.
VIEWING ARRANGEMENTS Whilst the premises may be informally inspected as a customer, we would ask all parties to respect our Client’s strict wishes and that no direct approaches are made to staff members. Arrangements for thorough inspections can be made by appointment with Henry Adams Commercial, 50 Carfax, Horsham RH12 1BP. CONTACT Andrew Mark Algar – Head of Commercial Agency T 01403 282 519 M 07868 434449 E [email protected]
Location Map (not to scale) ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
WELL-ESTABLISHED FRANCHISE RESTAURANT BUSINESS FOR SALE AS A GOING CONCERN *TRADING SINCE 1977* (FREEHOLD INTEREST AVAILABLE)
WIMPY, 8-10 SURREY STREET, LITTLEHAMPTON WEST SUSSEX BN17 5BG Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION Littlehampton is a bustling seaside resort located on the Sussex coast, between Worthing and Chichester, which lie approximately 7 miles and 14 miles to the east and west respectively. The town has an urban population of approximately 25,500 and a catchment area of 55,000 and is an established commercial centre with fast direct access to the A3 and A24 via the east/west main A27. Littlehampton Station is within a short walking distance, offering rail services to Worthing, Brighton, Bognor Regis, Chichester, London Victoria, Portsmouth and Southampton. The property is located in a bustling well-established shopping area in the heart of the town centre, just off the main High Street. Nearby multiple traders include Morrisons, King & Chasemore, Iceland, Weatherspoons, Lidl, Peacocks and Sainsbury’s. DESCRIPTION A well-presented, fully fitted A3 burger restaurant arranged over ground and first floors with living accommodation above. The premises provide a traditional layout with an open plan dining area, kitchen and preparation area to the rear. The dining area offers approximately 50 table covers. The living accommodation over the second floor, which is accessed at the rear, provides a good sized one bedroom self-contained flat. COMMERCIAL ACCOMMODATION The interior style is in a corporate theme having mainly tiled floor, two tone painted walls and low lit ceiling lighting. The premises include a fitted granite service counter, fully equipped kitchen with overhead extraction. To the rear, there is a disabled toilet, dedicated washing up area and access point for deliveries. The first floor comprises further customer toilets, staff changing room, stock room (with walk-in freezer) and private office. The premises provide the following net internal floor areas* Ground Floor Dining area Kitchen Disable toilet First Floor Stock room / office Staff changing room Customer toilets Total Accommodation
827 sq ft (76.8 sq m) 76 sq ft (7.10 sq m)
365 sq ft (33.90 sq m) 43 sq ft (4.0 sq m) 1,311 sq ft (121.8 sq m)
*Valuation Office Agency floor areas
RESIDENTIAL FLAT (SECOND FLOOR) The flat comprises a double bedroom, lounge, small kitchen and large shower room. The Landlord will allow the flat to be sublet if not required.
THE BUSINESS Established in 1977 and run by the same family ever since, the business is run by two full time employees with the assistance of six part-time staff members. The property’s central location within the town centre offers excellent all year round trade, boosted in the summer months by day trippers and tourists alike. We have been verbally advised that the business typically generates an annual gross turnover in the region of £285,000 (averages £5,480 per week). The business currently trades from 9.00 am – 8.00 pm Monday to Thursday, 9.00 am – 9.00 pm Friday and Saturday and from 9.30 am – 7.00 pm Sunday. TENURE The property is available upon a new full repairing and insuring lease for a term of 15 years with five yearly reviews. Subject to terms offered, the freehold interest could be available – price upon application. RENT £24,000 per annum exclusive. PREMIUM A premium of £164,000 is being sought for the benefit of a new lease, goodwill, trade fixtures/fittings including extensive catering equipment. VAT We have been advised that the property is VAT exempt. LEGAL COSTS Each party to pay their own. BUSINESS RATES & COUNCIL TAX (2014 | 2015 FINANCAIL YEAR) Business Rates Rateable Value Payable Rates
£15,000 £7,065
Council Tax Valuation Band A
£1,049.75
Interested parties are advised to contact Arun District Council Business Rates Department on 01903 713372 to verify the above.
VIEWING ARRANGEMENTS Whilst the premises may be informally inspected as a customer, we would ask all parties to respect our Client’s strict wishes and that no direct approaches are made to staff members. Arrangements for thorough inspections can be made by appointment with Henry Adams Commercial, 50 Carfax, Horsham RH12 1BP. CONTACT Andrew Mark Algar – Head of Commercial Agency T 01403 282 519 M 07868 434449 E [email protected]
Location Map (not to scale) ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
