Established Brighton's Lanes Restaurant with Event Space and Games Room for Sale
Brighton, East Sussex
- Status
FOR SALE
- Date Submitted:
01/11/23
- Advert ID
602073
- Leasehold: £75,000
- Rent: £35,000
- Turnover: £425,000 (£8,173 Per week)
- Net Profit: On request
Key Features
- Established Business
- Unique Business
- Close to Local Amenities
- Prime Location
- Split Level Trading Area
- Adjacent to Multiple Retailers
- Town Centre location
- Central Position in Affluent Village
- Fully Fitted
- Attractive Business
- High Turnover
- Offers Invited
- Accounts Available
- Potential for Alternative Use
Business Details
Established Restaurant in heart of Brighton's Lanes
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 34. 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.
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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.
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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.
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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.
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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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