Prime East Sussex Restaurant + 2 Bed Maisonette, 42 Covers, £250K Turnover, Town Centre, Great Potential
Undisclosed, East Sussex
- Status
FOR SALE
- Date Submitted:
30/09/22
- Advert ID
501119
- Reference
C1121 / Rightbiz
- Call Agent:
- Freehold: £629,950 (Stock at valuation)
- Turnover: £250,000 (£4,808 Per week)
- Net Profit: On request
Key Features
- Fully Fitted
- Town Centre location
- Prime Location
- Established Business
- Offers Invited
- High Turnover
- Accounts Available
Business Details
FREEHOLD LIC. RESTAURANT WITH SELF CONTAINED 2 BEDROOM MAISONETTE
PRIME TOWN CENTRE LOCATION - 42 COVERS - SUPERBLY PRESENTED - TREMENDOUS POTENTIAL FOR LONGER HOURS - TURNOVER £250,000 PA - REFURBISHED 2 BEDROOM MAISONETTE LocationThese superbly presented premises occupy a prominent trading position fronting a major road in the centre of this charming East Sussex Town. The business serves a well populated, affluent residential area which provides regular all year round trade.BusinessThis is a well established concern which has been in the present hands for 18 years and which is now only being marketed as a result of current owners requiring a change. Tremendous potential exists for the introduction of longer opening hours (especially lunchtimes) plus more marketing and social media promotion.Turnover£250,000 P.A @ 60% G.P.StaffHusband and Wife plus 9 part time staff WAGES - £36,000 P.A. Hours7.00pm to 9.00pm - Tues to Sat (12am Licenced) Closed - Sun and MonPremisesImposing mid parade premises with attractive frontage and single entrance via porch to: Restaurant Area: Tastefully decorated and furnished to accommodate some 32 covers. Bar Area: Lower ground floor: Ladies and Gents: W.C ‘s. Further Restaurant Area: with 10 covers. Store Area: Access at ground floor level to: Kitchen: 6 burner range and oven, grill, full extractor canopy, fryer, microwave oven, 3 freezers, 3 fridges, st/stl sink, st/stl prep surfaces, walk in cold room. Wash up area: with deep st/stl sink and commercial dishwasher.OUTSIDE – Courtyard: Garden: Store shed: Living AccommodationSelf Contained maisonette approached from separate rear entrance and comprising: Kitchen/Diner: fully fitted. Large Lounge: Bathroom and Sep W.C. 2 Double bedrooms. Shower Room. NOTE: The Maisonette has been recently refurbished to a high standard and benefits from Gas fired central heating and new replacement double glazing. (The Maisonette is currently let on an AST producing £1100 PCM but could be vacant)TENURE Freehold EPC RATING Band CBusiness RatesNil currently payableContact Agent
Listing Statistics
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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