Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Licensed Restaurant In Hove For Lease

Hove, East Sussex, UK
Asking Price:
£70,000 Furniture / Fixtures included
Turnover:
£187,200
Net Profit:
Available on request

The rent is $1,083 Per month
Utilities are only £800 Per month
On and Off license from midnight
Current turnover: 3,500 + 1,500
Open 7 days a week
new 10-year lease with rent review every 3 years

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a full repairing and insuring lease, which has approximately 10 years unexpired at a current rent of £13,000 per annum. Rent reviews to take place every 3 years.

Location:

. There are also several residential developments taking place in the nearby area. The restaurant is also only a short walk away from Church Road and the popular shopping area of George Street, but has the benefit of much lower overheads compared to properties in that area.

Premises Details:

The restaurant and deli comes to the market in good condition with regular maintenance and decorating taking place. The ground floor provides covers for 24 inside with an additional 10 covers available outside should a new owner wish to capitalise on the pavement licence which is available. The council have also announced plans to extend the payment outside of the

restaurant which would allow for a total of 20 covers outside. At the front of the premise is the serve over counter and refrigerated deli counter. There is also a small preparation and cooking area towards the rear of the premise which includes full extraction, and there is a larger kitchen area in the basement which is fitted with extraction and includes a double pizza oven and has a separate washing up area. There would certainly be an opportunity for the new owners to increase the seating on the ground floor, by fully utilising the kitchen downstairs. There is a separate store room downstairs along with an
office and the customer toilet.

Planning Consent:

ALCOHOL LICENCE: - Alcohol consumed on the premises between the hours of:
12:00:00 - 00:00:00 Friday-Saturday
12:00:00 - 23:30:00 Sunday-Thursday

Business Operation

Trading hours:

9am-2pm Monday Saturday and 6pm-10 on Friday and Saturday

Employees:
6
Years established:
10

Other Information

Support & training:

yes

Related Documents: