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Licensed Restaurant In Brighton And Hove For Sale

Brighton & Hove, East Sussex
Asking Price:
£67,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

This double fronted restaurant and bar is located on a busy main road poisition amongst a variety of pubs, cafes and takaways benefitting from a busy and cosnisten footfallfrom 8am throughout the dayand into the evening.. It is surrounded by a large mix of residential properies from flats to large detached houses. This business has been in the current vendor’s hands for nearly 3 years and comes to the market due to the vendors wish to explore other business projects. During the present owners stewardship an excellent goodwill has been created and the restaurant has been highly rated on Trip Advisor and Google Reviews.

Property Information

Property:

Leasehold

Lease Terms:

The entire premises are held on a full repairing and insuring lease, which has a rental passing of £20,000 per annum. There are approximately 6 years remaining on the existing lease.

Living Accommodation:

There are 4 self-contained studio flats (one of which is currently used as an office/extra storage) above the restaurant, which have access to a shared bathroom and toilet. The flats can be accessed via the side of the restaurant. An incoming purchaser would be able to let all 4 rooms at £550 pcm producing a rental income of £2,200 pcm

Location:

main road

Premises Details:

The Double Fronted Restaurant has been recently decorated and is equipped to a high standard throughout the premises. The restaurant provides covers for some 35 persons internally and a further 30 covers in the garden to the rear of the property with potential to increase. The restaurant benefits from an exceptional large landscaped south facing beer garden, with sheltered rear smoking area, outdoor heating, decking and outdoor storage, which is currently used as a BBQ area. The bar is currently free of all ties in terms of alcohol, it is licensed until 11pm. the premises also holds a PRS music licence that enables live and recorded music to be promoted and played. The restaurant has built an excellent reputation online and there is an established delivery trade with the potential for expansion in this growing market. The venue space is often used for private functions such as wedding receptions, birthdays, christenings etc.

The fully fitted kitchen is located on the ground floor, which is fitted and equipped to an extremely high standard to include: 3 deep fat fryers, ample refrigeration and freezer, char broiler grill, etc. A full inventory of the valuable trade fixtures and fittings will gladly be shown to any bona fide purchaser at the appropriate time. The vendor has also confirmed that all equipment is regularly serviced and maintained.

The large dry storeroom and office space is located on the first floor. The property has the benefit of fire and burglar alarm systems. Customer parking is available on the street outside the restaurant.

Planning Consent:

A3 Liicensed

Business Operation

Expansion Potential:

yes

Reasons for selling:

Ill Health

Trading hours:

opening Tuesday – Saturday 5pm-11pm, Sunday 12pm-8pm, there would be significant scope to increase

Employees:
the vendor with the assistance of 1 full time chef and 1 part time kitchen porter and 1 part time member of bar staff.
Years established:
3 years

Other Information

Support & training:

yes

Contact Information

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