EXCEPTIONAL FAMILY RUN ITALIAN RESTAURANT 88 COVERS, HORSHAM, MID SUSSEX

  • £80,000
Horsham, West Sussex, England
EXCEPTIONAL FAMILY RUN ITALIAN RESTAURANT 88 COVERS, HORSHAM, MID SUSSEX
Horsham, West Sussex, England
  • £80,000

Overview

  • Business, Food Service Businesses, Italian Restaurants,Fast Food Restaurants, Italian Restaurants, Pizza Restaurants, Restaurants
  • Property Type

Description

Situated in the heart of Horsham, this well-loved Italian restaurant presents an outstanding opportunity for both budding restaurateurs and experienced operators. Horsham, a vibrant market town, is strategically located just 20 minutes from Gatwick and Crawley to the north, and a short 35-minute drive from Worthing to the south. The restaurant enjoys a prime location, just a 5- minute walk from Horsham’s mainline train
station, and is surrounded by local attractions, including two cinemas and a theatre. The restaurant is ideally positioned next to the Piries Place multistory car park and just a few steps from the newly opened Premier Inn, ensuring high visibility and steady foot traffic. Over the past 17 years, the current owners have turned this establishment into a go-to dining destination, drawing in not only loyal locals but also visitors from afar, eager to savor its authentic Italian cuisine.
Boasting excellent online reviews—Google Reviews (4.4*), The Fork (8.7/10), and TripAdvisor (4.5*)—this restaurant has built a strong reputation for quality and service. With significant untapped potential, particularly in extending trading hours to capture the morning and daytime crowd, the business offers numerous growth opportunities. Now on the market due to the owners’ planned

retirement, this is a rare chance to take over a thriving and well- established restaurant with immense potential for further success.
THE PREMISES: The
business occupies
the entire building,
which is a located
directly outside of
Piries Place car park
and is located near
many other bars and
restaurants. The
main restaurant
area is accessed via
an external staircase and the restaurant provides seating for some 60 covers with a further 28 covers available outside. Towards the rear of the seating area is a bar which includes a coffee machine and drinks prep area. The first floor also includes a customer toilet and store cupboard. The kitchen is located on the ground floor which is fully fitted to trade and includes a double deck pizza oven and has full extraction which is regularly serviced and maintained. The kitchen has a separate washing up area and area to assemble desserts. The kitchen also has a dumbwaiter which is in full working order. There is a separate room on the ground floor which is currently used as a staff room, however in the past provided seating for an additional 10 covers and was particularly useful for customers who couldn’t
walk up the stairs. There is also a further customer toilet located on the ground floor. The restaurant is also fitted with an air conditioning unit and integrated music
system.
TURNOVER: The vendors are actively involved in the running of the business with one vendor being the chef and the other running the front of house. They also have one full time kitchen porter and 2 part time waitresses that assist

them. Current hours of opening Tuesday-Saturday 5:30pm – 11pm. There would be substantial opportunity to increase the current trading hours to open all week and also during the day. The current weekly average turnover amounts to just over £3,000 per week and the vendors are able to share bona fide accounts with interested parties. PLEASE NOTE: The vendors currently close the business on an average 8 weeks per year.
ALCOHOL LICENCE -– The sale
of retail alcohol between the hours of 11am – 10:30pm, Sunday-Thursday and 11am-11pm on Friday and Saturday.
GENERAL REMARKS: Secure lease. Outstanding reputation. Outside seating. Obvious potential of this business will immediately be seen at the time of inspection. Enormous scope to increase trading hours, outside catering and events.
TENURE: The entire premises are held on a full repairing and insuring lease with 2 years remaining at a current rental of £17,400 per annum.
RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is £2,000 per annum. The rateable value for the property is £17,750 per annum. Prospective occupiers should make their own enquiries to verify same.
PRICE: We are instructed to quote for the valuable lease, premises licence, equipment, trade fixtures, fittings and chattels (Please note the name is not included in the sale) Price £80,000 SAV
LEGAL FEES: Each party to be responsible for their own legal costs. The purchaser to pay 50% of the landlord’s legal fees.
VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: The property has been rated band C, the full report is available on request.
DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.
VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.
Prop. Ref: 6812C
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract
APPLICANTS CONFIDENTIALITY AGREEMENT
I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:
i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business
registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other than professional advisor et. Bank, solicitor,
surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations
v) Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions
which seek to preclude, or are contrary to the interest of Watkins Commercial

Details

Updated on January 16, 2025 at 6:39 pm
  • Price:

    £80,000

  • Property Type:

    Business, Food Service Businesses, Italian Restaurants,Fast Food Restaurants, Italian Restaurants, Pizza Restaurants, Restaurants

  • Tagline:

    Fast Food Restaurants, Italian Restaurants, Pizza Restaurants, Restaurants

  • Website:

    www.watkinscom.co.uk

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