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Well Est Indian Restaurant T-away In Eastbourne For Sale

Eastbourne, East Sussex, UK
Asking Price:
£24,500 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Available on request

Well est (50 yrs) restaurant with 4 bedroom staff accom/home above located in busy densely populated residential area in town. Outside courtyard with shed. Offers 40 covers. Current T/O £3,500-£4,000pw from 11-2pm and 5.30-11pm daily. Approx 10yrs on secure renewable lease, rent £12,500pa. Accom used by staff, access from restaurant only. Offers takeaway and free delivery locally. Could change cuisine, if desired.

Property Information

Property:

Leasehold

Lease Terms:

We are informed that the premises are held on a secure renewable lease with approximately 10 years remaining on the current term with an annual rent of £12,500. We are informed that the rent reviews are every 5 years.

Living Accommodation:

The stairs leading to the accommodation are accessed internally and the living accommodation itself is over 2 upper floors and is currently set up as 4 bedrooms for the staff, with each floor having its own kitchen with cupboards/units, cooker & sink, & bathroom with separate WC. Two of the larger bedrooms are set to the front elevation overlooking the street with double glazing and some gas central heating.

The accommodation could easily be adapted for owner's private living accommodation, but is in need of some modernization and decoration.

Location:

This well established restaurant is based just outside of the main town centre in a parade of shops, which includes other restaurants and takeaways, within a busy densely populated residential area of this sought-after seaside resort town. The property is set over 3 floors with accommodation above and the business is well known and regarded locally.

We understand that the premises has been established for over 50 years as a restaurant and serves both the local community and many regular customers from further afield, and the current owner operates a loyalty discount membership card scheme for just £10 a year offering various discounts throughout the week, to help encourage customers to use the business on a regular basis.

Premises Details:

The leasehold property with 3/4 bedroom accommodation which is currently used for staff is on a parade set in a busy area in a good position with on street parking. There is a small back yard and the accommodation upstairs is accessed from within the restaurant only (no separate access).

The restaurant, which is attractively decorated with half wood panelled walls and traditional bright hand painted Indian wall art, currently has 40 covers with cream leather chairs. There is a bar area with ample shelving for glasses, & optics and beyond the bar is a drinks chiller and Ladies & Gents Toilets with hand basin.

The main Commercial Kitchen which is well equipped has a double stainless steel sink with stainless steel worktops and cupboards below, a large 8 ring gas hob with large overhead extractor and ample shelving for all equipment. There is an additional storage area housing 2 upright fridges and a chest freezer. There is also a clay oven for Naan bread, 2 heated cabinets and additional ovens below.

There are ceramic floor tiles throughout the kitchen & storage area and there is a door to the rear leading outside to a small courtyard with shed.

Business Operation

Reasons for selling:

Retirement

Trading hours:

Currently open 7 days a week from 11.00am-2.00pm and again from 5.30-11pm, the business also offers take-away with a local delivery service.

Employees:
The business currently runs with 3 full time staff and during busy periods up to 6 part time staff as and when required.
Years established:
This business, which has been established for over 50 years has been owned by the current tenant for some 25years and has a regular and loyal customer base.

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