Key Features:
- Established and Profitable: The restaurant began with no prior turnover and is now projected to reach £1M in annual revenue, with significant growth potential. The introduction of a newly constructed beach terrace promises an additional 40-50 covers, which could easily boost turnover to £2M in coming years.
- Diverse Clientele: With a mix of local residents, business professionals, tourists, and visitors from London, the restaurant enjoys a wide customer base.
- Outstanding Reputation: Boasting rave reviews on platforms such as TripAdvisor, OpenTable, and a 4.8/5 rating on Facebook, the restaurant is praised for its quality, service, and consistent excellence.
- Popular Menu: With an average spend of £45-£50 per head, the restaurant offers a diverse menu featuring popular small plates, brunch options, and seasonal offerings like a Christmas day menu. During peak summer months, the restaurant serves over 30 lobsters a day, more than any other seafood restaurant in the vicinity.
Additional Opportunities: In addition to its core lunch and dinner service, the restaurant has expanded its offerings to include business lunches, private parties, wedding receptions, and more. The addition of a full breakfast menu is a potential avenue for increasing daytime trade, complementing the already successful brunch menu.
Location
The restaurant occupies one of the most enviable trading positions on the Seafront.
A prominent Seafood restaurant in a popular East Sussex town.
The business sits alongside other bars and restaurants.
There are many pay, and display parking spaces located on the seafront including a nearby multi storey car park.
Premises
External – a large enclosed terrace with newly heated canopies allow now daytime and evening dining for 84, with clear views to the beach. A new beach positioned terrace for a further 40 will be added this summer.
There is a downstairs bar and kitchen with a 65-dining area to the mezzanine first floor level.
Ground floor –
Bar servery – cladded in ‘copper’ with:
• 4 points of draught dispense,
• steel and glass display shelving,
• undercounter chillers and storage,
• till and card machine.
• Customer toilets
Hallway – contained a reception storage unit, a bespoke steel and wood staircase which showcases a beautiful glass fronted wine cellar carefully designed to show the exposed brickwork of the arch.
Kitchen – clad in stainless steel with:
• 6-burner gas oven,
• 4-burner gas oven,
• Salamander,
• 2 fryers,
• Extraction unit,
• 2 large upright fridges,
• Freezer,
• Storage shelves to wall and base storage cupboards,
• Dishwasher,
• Microwaves,
• 2 prep sinks,
• Handwash sink.
Mezzanine floor –
• Main dining space with 2 x arched windows allowing clear views to the beach.
• A choice of solid wood vintage tables and chairs.
• Private dining area/ overflow area
Bar servery – clad in copper with drop pendant lighting and:
• 3 x bar stools,
• 3 points of dispense,
• Under counter chillers and storage,
• 2 x arm semi-automated coffee machine and grinder,
• Ice machine,
• Glass shelving for spirits,
• Further storage units.
There is a separate storage unit located up from the restaurant, housing more dry storage facilities and freezer.
Tenure
We are advised the business is being sold as a Leasehold opportunity with a new 10 year lease paying just £18,000 per year which is highly enviable in this area.
Hours
Monday to Thursday – 12.00pm – 10.00pm
Friday and Saturday – 12.00pm – 11.00pm
Sunday – 12.00pm – 10.00pm
Staff
A well-trained and experienced team is ready to support the new owner, ensuring a smooth transition.
The restaurant is run and managed by our clients with 3 x chefs, 1 kitchen porter, up to 6 waiting staff.
A full handover will be provided to facilitate continuity and allow a new owner to step in with confidence.
Financial Profile
2023 Turnover Turnover – £859,913
Full financials can be made available upon request.
