This is a fantastic opportunity to acquire an iconic diner on the A23, just south of Pyecombe and 6 miles from Brighton’s city centre. Access is directly from the A23 via a slip road and is fully visible to all passing traffic. The dinner has been in current vendors hands for 4 years and during this time has developed an superb reputation with excellent reviews on Google review (4.4*) and Trip Advisor (4.5*). The diner currently offers a full breakfast and brunch menu, however there would be substantial growth to increase the menu offering and to also provide a delivery service with easy access into Brighton and the surrounding areas.
THE PREMISES: The diner is located on the A23 and is just south of Pyecombe and 6 miles from Brighton’s city centre. Access is directly from the A23 via a slip road and is fully visible to all passing traffic. The diner comes to the market in good condition with the property and equipment being regularly maintained. On entering the diner there is seating for 50 covers in the diner, with currently benches for a further 16 covers outside, however the number of outside covers could be greatly increased due to the scale of the car park. The kitchen and serve over counter are adjacent to the seating area which has full commercial extraction, a double fryer and griddle. With a separate coffee making area which includes a two-group coffee machine and grinder. There is a separate kitchen towards the rear of the premise which is used for food preparation and has a washing up area. Adjacent to this is a storage area which has a number of fridges and freezers, and the current vendor has created a hatch to serve customers from, which would be ideal for takeaways. The separate ladies and gents’ toilets are located near the entrance to the diner. The diner also benefits from a very large car park which could easily accommodate 40 cars.
TURNOVER: The vendor currently works part time in the diner with the assistance of 1 full and 1 part staff member. The business trades between the hours 7am-12pm Monday-Saturday and primarily focus on the breakfast and brunch trade. There is a significant area for growth by increasing the trading hours to include the lunch time and afternoon trade. The current average weekly turnover in the restaurant is £2,000 per week.
TENURE: The premises are held on a full repairing and insuring lease, which has approximately 11 years remaining on the lease, and a current rental of £21,000 per annum. The next rent review is in 2025. The lease has the protection of the 1954 Landlord and Tenant Act.
RATES: The rateable value is £18,250 per annum and the current rates payable £2,964 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 a well-presented and successful diner. Located on the A23 and highly visible to passing traffic. Secure lease with a low rent. Substantial opportunity to grow business.
PRICE: We are instructed to quote for the lease, goodwill, fixture, and fittings £90,000 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: 6801C
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.
