A beautifully presented restaurant situated in Worthing’s town centre, West Sussex. The restaurant is in the town centre and is a few minutes’ walk from Worthing’s Seafront. At present the restaurant serves a comprehensive brunch menu and is opening in the evenings on Friday and Saturdays. The restaurant has established an excellent reputation with a 4.6 * rating on Google Reviews and 4.5* rating on Trip Advisor. The restaurant was established 7 years ago and now only comes to the market as the vendors wish to focus on other business opportunities.
THE PREMISES: The restaurant comes to the market in excellent condition and is in the centre of Worthing, which benefits from a high footfall throughout the year. The restaurant provides seating for 40 covers inside with a additional 28 covers available to the front of the restaurant. The bar serve over counter is towards the front of the premises and is used to display fresh pastries during the day and has a two-group coffee machine and 2 grinders, both of which are on lease from their coffee supplier. Towards the rear of the premises is a fully fitted commercial kitchen, which includes extraction, a cooking area, food preparation and separate washing up area. The premise is fitted with phase 3 electrics but doesn’t have gas. On the ground floor there is an accessible toilet, with additional customer toilets located on the first floor. Also on the first floor is a large stockroom and office space. The 2nd floor contains a staff room which also has a shower fitted.
PREMISES LICENCE: Allows for the sale of alcohol between the hours of 9am and 11pm Sunday – Thursday and 9am – 11:30pm on Friday and Saturday.
TURNOVER: We are informed that the business currently averages £10,300 per week, which is based on trading Monday – Sunday 8am-5pm. The vendors oversea the management of the business which is fully managed and consists of 1 full time assistant manager, 2 full time supervisors, one full time Head Chef and a further 2 full time kitchen staff. There is a nucleus of 10 full and part time front of house staff members. The restaurant also regularly hosts private events, where they offer a buffet menu.
TENURE: The entire premises are held on a full repairing and insuring lease at a current rental of £22,000 per annum. There is currently 4 years remaining on the lease.
RATES: We have been verbally informed that the current rates payable are zero and the premises has a rateable value of £19,000. Prospective occupiers should make their own enquiries to verify the same.
GENERAL REMARKS: This business was personally inspected, very highly recommended. Central Worthing location. High footfall throughout the year. Indoor and outdoor seating, with a total of 68 covers. The business has an established goodwill, excellent reputation and loyal customer base.
PRICE: We are instructed to quote for the lease, goodwill, premises licence, equipment, trade fixtures and fittings £140,000 SAV
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, Tel 01273 709090.
LEGAL FEES: Each party to be responsible for their own legal costs.
EPC: The premises has been rated a Band D, 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 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. These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract
Ref: 6810C
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.
