TURKISH GRILL & SHISHA LOUNGE PORTLAND ROAD, HOVE, EAST SUSSEX

The Turkish grill and Shisha lounge is located on a busy main road in Hove which benefits from a high footfall as it is located in a thickly populated residential area of Portland Road which is adjacent to Poet’s corner. The premises are surrounded by a variation of many different retail and food outlets, such as household furniture shops, convenience store, offices, treatment and wellbeing Centre, The Flour Pot bakery, pubs, Post Office as well as a West Hove infant school being only a short walk away. The business has been in current vendors hands for just over 1 year and now only comes to the market due to family commitments. During this time they have already established a sound customer base with excellent reviews received on Trip Advisor (5*) and Google Reviews (4.1*).

THE PREMISES: The double fronted ground floor premises, comes to the market in excellent condition having been refitted in 2022. On entering the restaurant there is a serve over counter with the main cooking area directly behind this which includes a charcoal grill and full catering extraction.  Adjacent to the cooking area is a separate room which is used for food preparation and has a washing up area. The vendors have confirmed all fixture and fittings are owned outright by them and nothing is on hire or lease. There is a large seating area at the rear of the premises which is currently used as a shisha lounge and provides seating for 80 covers.

TURNOVER: We are informed that the business currently averages £3,500 per week and is run by the vendor with the assistance of 1 full time and 1 part time staff member. The restaurant trades 7 days a week between 5pm-12pm. Delivery orders are currently fulfilled by Deliveroo, Uber Eats and Just Eat.     

TENURE: The premises is held on a full repairing and insuring lease at a current rental of £12,000 per annum and has 1 years remaining on the lease. The current vendor also pays an additional £3,600 per annum to use the garden at the rear. The lease is fully renewable and a new lease can be granted.

RATES:  We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value for the property is £9,300 per annum.  Prospective occupiers should make their own enquiries to verify same.

PRICE: We are instructed to quote for the lease, equipment, trade fixtures and fittings £69,950 SAV

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

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

ENERGY PERFORMANCE CERTIFICATE: Rated Band C, 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 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:         6762C

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 a 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