E CLASS – FAST FOOD RESTAURANT LOW OVERHEADS PORTLAND ROAD, HOVE, EAST SUSSEX

The E class premise is currently trading as a fast-food restaurant and has an offering of burgers & fries. The business was established 14 months ago and during this time has created an excellent reputation and brand awareness amongst customers and locals. They have received outstanding reviews on Just Eats (4.6*), Deliveroo (4.5*) and Google Reviews (4.7*). The fast-food restaurant is located on a busy retail parade of Portland Road in Hove, East Sussex and benefits from a high footfall throughout the year as it is located in a thickly populated residential area and is surrounded by a variation of many different retail outlets, such as The Flower Pot bakery, Gunns Florist, convenience stores, offices, Post Office, co-op, etc. The premises is also near several English Language schools, which boasts students throughout the year, who require daily lunches while they are visiting. The vendor has only now decided to sell so that they can focus on other business opportunities.

THE PREMISES: The premise underwent a thorough refurbishment in 2023 and comes to the market in excellent condition. The ground floor single fronted shop has a serve over counter with monitors above displaying the menu. There is also seating for 4 covers in the window on bar stools. The kitchen area is towards the rear of the premise with fully fitted extraction available, which has been regularly served and maintained. A full list of the trade fixtures and fittings will be provided to any bona fide purchaser. There is a staff toilet to the rear of the premises.
TURNOVER : – The vendor currently works full time in the business with the assistance of 1 full time and 3 part time staff member. They also have 1 delivery driver as well. The business currently trades Tuesday-Sunday 5pm-11pm and in addition to taking order directly through their website and app they also work with Deliveroo, Uber Eats and Just Eats. The business is currently averaging between £3,500-£4,000 per week, which is net of delivery charges. There would be opportunity to grow the business further by expanding the trading hours to include the breakfast and lunch time trade and offer items such as milkshakes.
TENURE: The entire premises are held on a full repairing and insuring lease, which currently has 14 years remaining at a current rental of £12,000 per annum, with 3 yearly rent reviews.
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 zero. The rateable value for the property is £7,900 per annum. Prospective occupiers should make their own enquiries to verify same.
PRICE: We are instructed to quote for the goodwill, lease, equipment, trade fixtures and fittings – £85,000 SAV.
LEGAL FEES: Each party to be responsible 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 property has been 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 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: 6808C

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