This is a fantastic opportunity to acquire a superb restaurant with an outstanding reputation located in Newhaven Marina. Newhaven is a coastal town in Sussex and is located 9 miles east of Brighton and Lewes is 8 miles to the north. The restaurant comes to the market in very good condition and is situated in Newhaven marina and has views overlooking the quay. There are several large blocks of flats part of the marina development which has created a busy and vibrant area. The restaurant has been in the current vendor’s hands for 12 years and during this time has created excellent goodwill, with a 4.6* rating on Google Reviews, 4.7* on Facebook and 4.5* on Trip Advisor. At present the vendor offers an Italian menu during lunch and evening times and a breakfast/ brunch menu in the morning.
- Asking Price:
- £60,000
- Turnover:
- £218,400
- Net Profit:
- Available on request
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
A new 12-year lease will be granted at a commencing rental of £25,000 per annum, with upward only rent reviews every 4 years. There is also an annual service charge of £2,800.
- Leasehold Rent:
-
£25,000 per annum
- Location:
-
This is a fantastic opportunity to acquire a superb restaurant with an outstanding reputation located in Newhaven Marina. Newhaven is a coastal town in Sussex and is located 9 miles east of Brighton and Lewes is 8 miles to the north. The restaurant comes to the market in very good condition and is situated in Newhaven marina and has views overlooking the quay.
- Premises Details:
-
The double fronted unit comes to the market in excellent condition. The main restaurant allows for 55 covers inside with a further 55 outside as well, which benefits from the sunshine throughout the day.
At the front of the premise is a bar which also includes a two-group coffee machine and grinder and under the counter drinks fridges. Towards the rear of the restaurant is a separate open plan kitchen which is used to prepare and cook the pizzas and included a double pizza oven. The main kitchen is at the very rear and is fully fitted to trade with full extraction which is regularly serviced and maintained. There are separate ladies and gents available and also a large storage room which is currently used for freezers/fridges. However this space could be easily adapted to provide additional covers in the restaurant.
- Energy Performance Rating:
- C
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
hours 9am-2:45pm Tuesday to Sunday, 5pm-6pm on Friday, Saturday 9am-11pm and 9am-6pm on Sunday.
- Employees:
- 4
- Years established:
- 12
