EXCEPTIONAL RESTAURANT PREMIUM LOCATION LANES BRIGHTON, EAST SUSSEX

This business occupies one of the premier positions within the heart of the famous Brighton Lanes. At present it is trading as an Indian restaurant and was established in 1987. During this substantial time the current owner has developed an an excellent reputation and repeat trade among locals and

visitors to the area. In addition to the trade in the restaurant, they also offer a popular takeaway service which is executed by Deliveroo, Uber Eats and Just Eats. The business is now only coming to the market due to the vendors wish retire. The business has an extensive inventory of valuable trade fixture and fittings which are due to be included in the sale.

THE PREMISES: The premise is located in the centre of Brighton and is only a few minutes’ walk to Brighton’s seafront and many of the large hotels in the area. The restaurant is located in a single fronted premise and comes to the market in excellent condition. On entering the restaurant there is seating for 76 covers with an additional 4 covers outside to the front of the restaurant. There is a

bar and drinks prep area, with the kitchen adjacent to this. The kitchen comes to
the market with a wealth of fixture and fittings and is fitted with full commercial
extraction. The male toilets are located towards the rear of restaurant with the
lady’s toilets being located on the 1st floor. Access to the basement is next to the
bar area and has restricted height, but is currently used to store a number of chest
freezers and is used as a dry store. There is also a space
at the very rear of the premise which is currently being used for additional storage or alternatively could be an additional seating area for a further 10 covers.

TURNOVER: This business is currently run under management for the day-to-day operations with the vendor overseeing the overall management of the business. The staff consists of 3 full time front of house staff members and 3 full time kitchen staff members. Current hours of opening Tuesday-Sunday 5:30pm-11pm. The business is currently averaging £5,000 per week throughout the year. There would be enormous scope to increase the opening hours to include a lunch time.

GENERAL REMARKS: Finest trading position in Brighton. New secure lease. Fully fitted kitchen. Premises license. Excellent reputation. High footfall throughout the year.

TENURE: A new full repairing and insuring lease will be granted for a term of 15 years with 3 yearly upward only rent reviews. The commencing rent will be £35,000 per annum.

RATES: We have been informed that the rateable value is £19,000 and the current rates payable are £2,400 per annum. Prospective occupiers should make their own enquiries to verify same.

PRICE: We are instructed to quote for the valuable lease, goodwill, equipment, trade fixtures, fittings and chattels £50,000 SAV

LEGAL FEES: Each party to be responsible for their own legal costs.

ALCOHOL LICENCE: 1445/3/2017/02447/LAPRET
Sale of retail alcohol between the hours of 10am-midnight Monday-Saturday and 12pm- midnight on Sunday. Alcohol to be consumed on the premises.

VIEWING: no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.

ENERGY PERFORMANCE CERTIFICATE: Our client is in the process of obtaining an EPC.

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: 6755C

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

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