RESTAURANT CENTRAL BRIGHTON LOCATION

This business occupies one of the premier positions within the heart Brighton. It is only a short walk to Brighton’s seafront, Palace Pier and The Royal Pavilion.  The restaurant has been open for two years and now only comes to the market due to the vendors wishing to relocate out of Brighton. The restaurant specialises in the sale of Fish & Chips and during the present owner’s stewardship, they have created excellent goodwill and valuable repeat customer base, with 4.9-star reviews on Google and 5 stars on Trip Advisor. This is an excellent opportunity to buy a fully fitted restaurant in a prime location in Brighton City Centre. The current owners have also secured a fixed energy rate of 18p/kWh until March 2024, which can be transferred with the sale of the company. 

THE PREMISES:  The restaurant is located in one of the busiest areas in Brighton and sees a high footfall throughout the year. On entering the restaurant, across the ground floor and first floor there is space for 60 diners. Towards the rear of the premises is a games room and additional dinning space with stairs then leading to the kitchen on the 1st floor. There are 2 separate toilets adjacent to the games area. Separate stairs leading down to the basement, which is currently being used for storage, however it has also been used to hold a number of private parties which have been very popular. The fully fitted kitchen located on the 1st floor has brand new equipment, full extraction and air conditioning. The kitchens are equipped to a very high standard with all equipment bought within last 2 years. There is additional seating on the 1st floor for a further 20 covers as well as large office space. On the 2nd floor is a large event space which is used for private functions and gigs and is a very adaptable and versatile space. There is also seating for an additional 16 covers at the front of the restaurant. 

PREMISES LICIENCE:  Alcohol is allowed to be consumed on the premises Monday-Friday 12pm – 11pm and 11pm – 11pm on Saturday and Sunday.

TURNOVER: This business is currently run by the vendors with the assistance of 1 full time manager and one other part time front of house staff member. The kitchen consists of 3 part time staff members.   The business is currently trading Thursday – Sunday; Thursday 1pm-8:30pm, Friday 12pm-9pm, Saturday 12pm-10pm, Sunday 12pm-6pm Between April – September the turnover average between £7,000 - £10,000 per week. There would be substantial room for growth by expanding the current opening hours. 

GENERAL REMARKS: Excellent trading position in Brighton. High footfall throughout the year. Outdoor seating area. Versatile premises. Fully refurbished and maintained to an excellent standard.  Fixed energy rates until 2024. 

TENURE: The premises is held on a full repairing and insuring lease at a current rental of £35,000 per annum exclusive. The current leases have approximately 10 years left and the next rent review is in September 2023, where there is also a tenant only break clause. 

RATES: We have been verbally informed that the current rates payable are £6,000 per annum. The rateable value is £33,500 per annum. Prospective occupiers should make their own enquiries to verify same.

PRICE: £40,000. SAV For  the lease, fixture & fittings and goodwill. 

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

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:  The premises has been rated a band G, full report 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:   6681C

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