Sold
Highly Desirable Cafe For Sale
Shoreham-by-Sea, West Sussex
- Asking Price: £125,000 +SAV
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Turnover:
We are advised that the business generated an advised turnover in the region of £325,000. Full financials can be made available upon further request.
Before Covid the business was generating circa £7,000 per week, but during Covid the business was only offering takeaway service. However they still achieved a turnover of £250,000 including Government Grant.
Please quote reference B06187
- Tenure: Leasehold
Please quote reference B06187
Hilton Smythe is delighted to present one of Shoreham’s most desirable cafe/bistro businesses to the open market.
The ‘turn-key’ business opportunity has undergone a complete refurbishment since our clients purchased the business in 2019. In our opinion, this is now the most prestigious unit now available on East street and therefore would highly recommend early enquiry to avoid disappointment.
Our clients have invested in the region of £100,000 on upgrading both the interior decor as well as re-placing all of the tired equipment with high quality catering units which will last for many years to come.
It is clear to see from the business photographs attached, the level of detail that has been applied in all areas of the refurbishment.
The upstairs dining area is an ideal space for private parties, celebrations or business meetings. It can comfortably accommodate 20 covers.
Our clients have concentrated on daytime trading only and advise that any new owner would significantly benefit from opening in the evening to cater for the increasing demand for new bistros.
Currently the menu offers the following -
- Redber coffee, Birchall teas, Hot chocolates
- Freshly made sandwiches, bagels, flatbreads, ciabatta & wraps
- Vegetarian & Vegan savouries
- Homemade cakes, brownies, tray bakes,
- Jude’s Ice Creams, milkshakes, soft drinks & juices
- Full Breakfast options
- Brunch and Lunch options range from Various Quiches,Salads and Jacket Potato using our new Baked Potato Oven. Eggs Benedict, Royal and Florentine
There is a full alcohol licence in place.
Key selling points -
- Versatile space arranged over 2 floors
- Complete refurbishment (all receipts & invoices can be provided)
- Evening bistro/restaurant potential
- Opportunity to add both daytime/evening deliveries
- Ideal private dining/party venue
- Stunning location and views
- Equipped to a high standard
- Long lease in place
We are advised that the business has 3 full time and 3 part time staff members.
However during the summer holidays more part time staff are required.
The business hours are as follows:
Monday - 09:00am - 16:00pm
Tuesday to Fridays 09:00am - 17:00pm
Saturday to Sunday 08:30am - 17:00pm
Toast By The Coast occupies a highly prominent and much sought-after trading position along East Street in Shoreham, West Sussex.
The cafe is surrounded by other restaurants/bars, independent antique/art businesses, gift shops, organic food stores, clothing shops, health food store, bookstore WH Smiths, NatWest bank and St. Mary’s Church.
The sunny outside terrace enjoys clear views of Shoreham harbour.
Shoreham is a very desirable town, located just 6 miles west of Brighton and borders to the north by the South Downs.
‘Shoreham-by-the-sea’ as it is known has enjoyed a significant increase in footfall due to the many new housing developments located along the waterfront. The town has an eclectic yet relaxing feel to it and as a result has become one of the top places to live in West Sussex.
There are 2 pay and display car parks within 5 mins walk from the business including parking on the main high street.
The Town is accessed just off the A27 which connects to both nearby Brighton to the east and Worthing to the west.
Nearest mainline station is Southwick.
Front External - large pavement terrace for 40 covers.
Ground floor - open plan dining space for 24 covers with bespoke servery, kitchen, washroom, customer toilet.
First floor - storage area, second dining area for 20 covers.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 10 years remaining on the 12 year lease. The rent is £2,083 per month.
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