SUCCESSFUL PUB & KITCHEN WITH ACCOMMODATION HIGH PROFILE LOCATION & LATE NIGHT LICENCE NEAR BRIGHT

The pub and kitchen is located on the corner overlooking Brighton mainline railway station.  The pub is located in a densely populated area of Brighton’s Seven dials area and is surrounded by a mix of flats and houses. The pub will see a high number of commuters, students and visitors to the city walking to and from the station on a daily basis. The pub has been in the current vendor’s ownership for 7 years and during this time has created an excellent goodwill and repeat trade. The vendor currently runs very popular weekly quiz nights, games nights and also DJ’s on a Saturday. In addition to this they regularly hire out part or all of the venue for private parties and functions. They have received excellent reviews on Trip advisor (5*), Brighton Restaurants (4.5*) and Google reviews (4.5). The business now only comes to the market due to the vendors wish to focus on other business opportunities. The pub is currently only tied with Admiral Tavern for their beers and ciders, everything else can be sourced independently. 

THE PREMISES:  The pub occupies a corner plot and over looks Brighton Mainline railway station. The pub has seating for 60 covers, but has a capacity for 90. There are several seating areas throughout the ground floor with the bar being located in the centre of the premise. The vendors have confirmed that all fixtures and fittings, apart from the coffee machine and grinder will be included in the sale. There is a small courtyard garden which provides seating for a further 10 covers. There are also separate male and female toilets located on the ground floor. There is a staircase behind the bar which provides access to the cellar and the upstairs. The cellar contains a large store area and a separate cool room for the beer barrels. The kitchen is located on the 1st floor and includes extraction, aa single deck pizza over, small preparation and washing up area.

ACCOMMODATION: The pub has the benefit of a large flat which is accessed from behind the bar. The flat consists of a large living room, 2 double bedrooms, family bathroom and kitchen. The accommodation cannot be sublet and would need to be occupied by staff or the owners.

ALCOHOL LICENCE: 1445/3/2017/03484/LAPRMV The premises licence allows for the following –

Late Night Refreshment

Times: 

·       10:00:00 - 03:30:00 Friday-Saturday

·       10:00:00 - 02:00:00 Monday

·       12:00:00 - 03:30:00 Sunday

·       10:00:00 - 02:30:00 Tuesday - Thursday

Sale by Retail of Alcohol - Alcohol consumed: Both on and off the premises

Times: 

·       10:00:00 - 02:30:00 Monday

·       12:00:00 - 03:00:00 Sunday

·       10:00:00 - 03:00:00 Tuesday - Saturday

Performance of Recorded Music

Times: 

·       10:00:00 - 04:00:00 Friday-Saturday

·       10:00:00 - 03:00:00 Monday-Thursday

·       12:00:00 - 04:00:00 Sunday

TURNOVER:  The pub currently trades Tuesday-Thursday 4pm-11pm, Friday 4-12am, 12pm-12am on Saturday and 12pm-9pm on Sundays. The pub kitchen is currently run under management and is generating a turnover of £2,000 per week with the wet sales equating to £3,600 per week.   The vendor works full in the pub with the assistance of one full time and 4 part time staff members.

TENURE: The premises is held on a full repairing and insuring 10-year lease at a current rental of £28,375.39 per annum (including VAT), and has 3 years currently remaining. The lease has the protection of the 1954 Landlord and Tenant Act.

RATES:  We have been verbally informed that the current rates payable at present are zero, as the premises is benefiting from the small business rate relief scheme. The rateable value for the property is £9,700 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: The business was personally inspected by the vendors sole selling agents and was found to be very well presented. Well-equipped to the trade.  Points to Consider:  Secure lease.  Accommodation included. Close proximity to Brighton Mainline Railway station. Premises has a high footfall throughout the year. Versatile site.

PRICE:  We are instructed to quote for the lease, goodwill, premises licence, equipment, trade fixtures and fittings £120,000 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to pay 50% towards the landlord’s legal costs.

VIEWING: On 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 B and the full report is 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:         6778C

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