Offers in Region Of £60,000

• Premises and food truck available
• 100% rate relief (STS)
• 30 Covers externally
• 10 Covers internally

A rare opportunity to take over an established food premises & takeaway currently trading as The Vegan Street Food Company. On the market at an asking price of offers in region of £60,000 with an annual rent of £4000.

Situated in the heart of Worthing town centre in a walkway off Montague Street opposite M&S & next to Superdrug.

Description The shop opened in 2020 as a takeaway with seating outside on the terrace without any fees (normally around 30 seats) & internal seating for 10 people. The current menu is free from dairy wheat and nut. In addition to the business, there is also a food truck which will be included within the sale.

The overall size of the shop is 19'6 x 12'7 with an additional storage/washing up area, rear lobby and WC.

Accommodation: The premises have the following approximate floor areas:

Ground floor: 227sqft / 21.13sqm

Total floor area: 227sqft / 21.13sqm

Tenure: The property is let on a lease for 5 years from May 2021 however, a new lease direct with the landlord might be considered.

Rent: Rent £4,000 per annum, exclusive.

Premium: Offers are invited in the region of £60,000 for the lease, business and food truck.

Business Rates: The rateable value from April 2023 provided by the Valuation Office Agency is £4,400. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £2,195.60.

EPC: The property has an EPC rating of C - 56

VAT: We are informed that VAT is not applicable on the terms quoted.

Legal fees: Each party is responsible for their own legal fees in this transaction.

Viewing: Strictly by appointment with Sole Agents, Jacobs Steel.

Contact: Leigh Doherty, Commercial Manager,  t: 01903 792785 / e: leighdoherty@jacobs-steel.co.uk