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Restaurant In West Sussex For Sale

West Sussex
Asking Price:
£125,000
Turnover:
£364,000
Net Profit:
Available on request

The restaurant has established a loyal following among the local community and residents, as well as many customers travelling from Brighton and other nearby towns to visit the restaurant. The vendor has received excellent reviews on Trip Advisor, Google, Facebook and Just Eats, and has been in the present vendors’ hands for just over a year. It only now comes to the market due to personal reasons. The current offering includes pizzas, pastas, steaks and freshly prepared fish dishes.

Property information

Property:

Leasehold

Lease Terms:

The entire premises are held on a full repairing and insuring lease, which has approximately 19 years unexpired at a current rental of £25,000 per annum. The next rent review is due to take place in 4 years time.

Living Accommodation:

Above the premises is a self contained flat. Which consist of 1 single bedroom and 3 double bedrooms, with a shower room and newly fitted kitchen. At present the rooms are rented to staff members, which generates a rental income of £2,400 per month.

Location:

West Sussex. . The premises is located on a busy parade and has an abundance of free parking nearby.

Premises Details:

The restaurant is located on the south coast in West Sussex. The premises is located on a busy parade and has an abundance of free parking nearby. The restaurant is also surrounded by a number of affluent homes belonging to families and young professionals. The restaurant was fully refurbished a year ago before opening and has been fitted and equipped to a high standard. The restaurant area has seating for some 58. There are separate ladies and gents cloakroom as well as a disabled toilet. Also located on the ground floor are the superbly fitted and equipped kitchens, which are regularly maintained and serviced. The kitchen has a service counter, which opens out into the restaurant so that customers can see the chefs cooking. A full list of the valuable trade fixtures and fittings will be made available to any bona fide purchaser. There is rear access available from the kitchen, which is ideal for deliveries and also leads onto a large garden. The garden is currently being landscape so that it can be used next summer and it is expected that you could sit 40 covers comfortably in the space once the works have been finished. At the very rear of the garden is a large garage which is used for dry storage and contains fridges and freezers.

Planning Consent:

A3 Restaurant

Business Operation

Trading hours:

The current opening hours are Tuesday-Saturday 12.00pm to 3.00pm and then 6.00pm to 10.pm. Sunday 12.00pm to 5.00pm. Closed Monday.

Employees:
At present the vendor works full time in the restaurant as the head chef, with the assistance of 2 full time members of staff and 2 part time members of staff. The front of house staff consists of 2 full time and 2 part time members of staff

Other Information

Support & training:

yes

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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