This beautifully presented restaurant and wine bar is offered to the market in excellent condition and occupies one of the most sought-after trading locations in central Hove. Situated on a vibrant and busy parade, the business enjoys strong year-round footfall, enhanced by its proximity to major bus routes and an affluent residential catchment of both large houses and high-density flats. Having been under the same ownership for 17 years, the restaurant has built significant goodwill and a loyal customer base, earning an outstanding reputation reflected in its reviews — 4.4* on Facebook, 4* on TripAdvisor, and 4.3* on Google.
- Asking Price:
- £39,950
- Turnover:
- £343,200
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- Leasehold Type:
- Existing
- Lease Terms:
-
The premises are held on a full repairing and insuring lease, which has approximately 2 years unexpired at a current rent of £36,000. Plus VAT. New Lease available
- Leasehold Rent:
-
£36,000 per annum
- Location:
-
Situated on a vibrant and busy parade, the business enjoys strong year-round footfall, enhanced by its proximity to major bus routes and an affluent residential catchment of both large houses and high-density flats.
- Premises Details:
-
The restaurant benefits from being situated on a corner premise in the centre of Hove. The restaurant has been regularly maintained and comes to the market in excellent condition. There is seating for 46 covers inside with an additional 26 covers outside to the front of the restaurant which benefits from the afternoon/evening sun. The outdoor seating also has the benefit of outdoor heating lamps which hang above the tables. There is a custom-built bar to the rear of the premises which has an opening into the main kitchen. Adjacent to the bar is a dumbwaiter which provides access to the basement kitchen. The ground floor kitchen is fully fitted to trade and has the benefit of full extraction, a double pizza oven, chilled pizza prep area and stainless-steel equipment throughout. The basement kitchen has a large preparation area, washing up area with a dishwasher. There are also ample dry storage areas and a walk-in chiller. The customer toilets are also located in the basement with a separate ladies and gents and customer cloakroom. The premises are fitted with CCTV and fire alarms.
- Planning Consent:
-
Sale of retail alcohol
11:00:00 - 23:00:00 Monday- Thursday, Sunday
11:00:00 - 23:30:00 Friday-Saturday
- Energy Performance Rating:
- G
Business Operation
- Reasons for selling:
-
other interests
- Trading hours:
-
12pm – 3pm and 5pm-10pm Monday-Thursday then 12pm-10pm on Friday-Sunday.
- Employees:
- 8
- Years established:
- 17
Other Information
- Support & training:
-
The vendor is also open to offering a payment plan. PLEASE NOTE: The business name and pizza oven is not included in the sale.
- Financing available:
-
The vendor is also open to offering a payment plan.
- Website:
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