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Catering Property

Hastings, Bexhill, Rye and Surrounding, East Sussex

Asking £250,000
Turnover £81,000

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Business description

An opportunity to purchase a freehold property with a profitable business in the town centre of Hastings (TN34 3DY). SEA FRONT LOCATION This period property maybe small but is ideally located next to Iceland supermarket, opposite Argos and next 2 office blocks providing trade all year round! This property is also ‘perfectly’ located for all the mayor seasonal festivals such Mayday Weekend, Pirate Day, Bonfire Night etc. Along with the seasonal foot traffic walking to the historic Hastings Old Town (approx. 30% uplift). The Business Opening Times: Monday to Friday : 7am to 3pm Gross Sales for YR3: £77,000 Current Growth: Approx.[hidden]% pa Current Gross Profit: 60% All equipment included such as 2 Lincat Ovens, Merrychef Eikon e2 oven (£5000 new), saladete, coffee machine etc. The prices are very competitive and could easily increase the prices by 10% without any impact on the business and of course increase opening times The Business has an excellent reputation and is much loved by the locals, Google: “Yam Yams Hastings” for Tip Advisor, Facebook, etc. The Freehold Property Ground Floor (Serving Area) W175 D435 cm approx. 1st Floor (Kitchen) W175 D320 cm approx. 2nd Storage and Toilet W175 D235cm (toilet D100) approx. The property is period and grade 2 listed. Rateable Value: £3,900 (meaning no business Rates) Along with a Citroen Nemo 62 Van (25k miles) The Van is purely advertising – no deliveries!

Business typeCatering Property
Asking price £250,000
LocationHastings, Bexhill, Rye and Surrounding, East Sussex
Turnover£81,000
Property typefreehold
Net profit£55,000
Accomodationno
Property Value£150,000
Staff no
Years established4
This business is located in:

Hastings, Bexhill, Rye and Surrounding, East Sussex

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Sector specific information
Tenanted N/A
Rental per annum N/A
Yield per annum (if known) N/A
Asking - £250,000 turnover - £81,000
Catering Property
Hastings, Bexhill, Rye and Surrounding, East Sussex
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