This is a unique opportunity to acquire an exceptional restaurant with an outstanding reputation. The restaurant comes to the market in excellent condition and is in one of the best locations in Hove. The restaurant is located on a busy parade on Church Road, Hove and is adjacent to the popular shopping area of George Street. Church Road is a very busy main road, with several main bus routes running along it and benefits from a high footfall throughout the year. The restaurant has been in the current vendor’s hands for 4 years and during this time has created excellent goodwill. With a 4.4*rating on Google Reviews and 4* rating on Trip Advisor.
- Asking Price:
- £365,000 Furniture / Fixtures included
- Turnover:
- Undisclosed
- Net Profit:
- Undisclosed
Property Information
- Property:
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Leasehold
- Lease Terms:
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The premises are held on a full repairing and insuring lease, which has approximately 14 years unexpired at a current rent of £50,000 per annum. The rent is due to increase to £55,000 per annum in 4 years’ time to £60,000 per annum at which time the rent is fixed for the remainder of the lease.
- Living Accommodation:
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Above the restaurant is a 6-bedroom HMO which include 3 bathrooms and 1 shared lounge area. The annual rent from the HMO’s is £48,000.
- Premises Details:
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This is an extremely smart premises having recently undergone a full refurbishment and comes to the market in excellent condition. The ground floor provides covers for 72 inside with an additional 4 outside to the front of the restaurant. At the front of the premises is the open plan kitchen with charcoal grill, extraction and food preparation area. The cocktail bar is located towards the rear of the restaurant and there is a further large preparation kitchen in the basement which also has the benefit of full extraction and a walk-in chiller and freezer. The kitchens have a wealth of fixture and fittings, and a full inventory is available on request. The customer toilets are located on the lower ground floor.
Business Operation
- Trading hours:
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The business trades between the hours of 12pm – 11pm Monday – Saturday and 12pm-10:30pm on Sunday.
