This is a fantastic opportunity to acquire a superb restaurant with an outstanding reputation. The restaurant comes to the market in very good condition and is in central Brighton. There is also parking readily available with a multi storey car park only a few minutes’ walk away. The restaurant has been in the current vendor’s hands for 9 years and during this time has created excellent goodwill, with a 4.8* rating on Google Reviews, 5* on Brighton’s restaurant guide and 4.5* on Trip Advisor. At present the vendor offers.
THE PREMISES: The restaurant comes to the market in good condition with the property and equipment being regularly maintained. On entering the restaurant there is a large counter which provides seating for 7 covers and allows the customers to watch the chefs cook. Behind the counter is a charcoal grill, double fryer, rice cooker, under counter fridges and drinks fridges. The ground floor provides covers for 36 inside with an additional 8-12 covers available to the front of the premise, by way of a pavement licence. There is an additional kitchen in the basement which is primarily used for food preparation and washing up. There are also two customer toilets in the basement.
TURNOVER: The business is currently run by the vendor with the assistance of 3 full time chefs and 2 kitchen porters. The front of house is operated by 3 staff members per shift and there is a pool of 12 part time staff members. The business trades between the hours 5:30pm-11pm on Tuesday-Thursday and 5pm-11pm on Friday-Sunday. The current average weekly turnover in the restaurant is £17,000-£18,500 per week, with the inclusion of Sunday trading this increases to £19,500 – £22,000 per week. There would be significant opportunity to grow the business further by introducing a takeaway option and opening for the lunch time trade.
ALCOHOL LICENCE: Premises licence number – Sale of retail alcohol between 12:00 – 15:00 and 17:00 – 23:00 every day.
TENURE: The premises are held on a full repairing and insuring lease, which has approximately 2 years remaining on the lease, at current rental of £18,000 per annum. The lease has the protection of the 1954 Landlord and Tenant Act.
RATES: The rateable value is £13,250 per annum and the current rates payable £500 per annum, due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: This business was personally inspected by the vendor’s sole agents who can thoroughly recommend this as being an extremely well-presented and award-winning restaurant. Ideal central Brighton location. Secure lease with a low rent. Excellent reputation. Alcohol licence. Option to grow the business by incorporate lunch time and delivery revenue streams.
PRICE: We are instructed to quote for the lease, goodwill, premises licence, fixture, and fittings £200,000 SAV. PLEASE NOTE – The name is not included in the sale
LEGAL FEES: Each party to pay for their own legal costs.
VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: The premises was rated a band C, the full report is available upon 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: 6796C
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 a 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.
