LICENSED RESTAURANT IN BRIGHTON CENTRAL LOCATION WITH EXCELLENT REPUTATION ALFRESCO SEATING FOR 60 COVERS

LICENSED RESTAURANT IN BRIGHTON CENTRAL LOCATION WITH EXCELLENT REPUTATION ALFRESCO SEATING FOR 60 COVERS

This is a fantastic opportunity to acquire a superb restaurant in the centre of Brighton’s Lanes set within a courtyard providing alfresco seating. The Lanes are in Brighton’s city centre and are a few minutes’ walk from the seafront and Palace Pier and are also a popular destination for tourists visiting the city. The restaurant is located on the corner of the new Haningtons Lane and Meeting House lane. The restaurant can easily be reach by public transport alternatively there are several multi storey car parks only a few minutes’ walk away. The restaurant has been in the current vendor’s hands for 10 years and during this time has created excellent goodwill, with a 4.5* rating on Google Reviews and 4.5* on Trip Advisor. At present the vendor offers a Mediterranean menu, however the site is incredibly versatile and would suit many other cuisines.

THE PREMISES:
TURNOVER: The business is currently run by the vendor with the assistance of 1 full time head chef and 9 other kitchen staff members, who are a mix of both part time and full-time. The front of house is covered by a further 10 members of staff, again a mix of both part time and full time. The business trades between the hours of midday-10pm 7 days a week. The current average weekly turnover in the restaurant is £14,000 per week. The restaurant regularly holds several private events throughout the year such a birthdays and weddings.
ALCOHOL LICENCE: Premises licence number 1445/3/2015/02626/LAPREN
Sale of retail alcohol between 10:00 – midnight Monday-Saturday and 12:00-23:30 on Sunday.
TENURE: The premises are held on a full repairing and insuring lease, which has approximately 3 years remaining on the lease, at current rental of £80,000 per annum. It is expected that a 6 months’ rent deposit will be required.

RATES: The rateable value is £61,000 per annum and the current rates payable £8,226.50 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 restaurant. Ideal location in the Lanes in central Brighton. Alfresco seating. Excellent reputation. Alcohol licence.

PRICE: We are instructed to quote for the lease, goodwill, premises licence, fixture, and fittings £120,000 SAV.

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: 6805C

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.