Restaurant in a Lovely Seaside Village

Undisclosed

Status

FOR SALE

Date Submitted:

23/07/18

Advert ID

225248

Reference

91081-804902 / Rightbiz
Leasehold: £90,000

Transworld is pleased to offer for sale this well establish restaurant in a popular, affluent village on the Sussex coast just a short walk from the sea. In addition to the restaurant, a takeaway service is also available within the local area. The business has been operating under the current name since 1991 and has a fantastic reputation with many loyal repeat customers. The restaurant has 40 covers with an outside decking area for a further 18. Location and reputation generate high turnover for a restaurant of this size with a healthy margin.

The reputation for service is excellent and this is reflected in the take away service where dishes are delivered over longer distances than would usually be expected; this encourages customer loyalty and increases repeat orders.

LOCATION

The restaurant is located in an affluent and sought after picturesque village on the West Sussex cost. Situated in the heart of the village near the village green and other local shops only a short distance from the beach. There are also three pubs within a stone’s throw, which helps generate footfall.

PREMESIS

The property consists of a glass porch which leads into a bar and reception area where customers can collect orders. Inside there are two tastefully decorated dining areas on slightly different levels. The restaurant is serviced by a large commercial kitchen which is run by four chefs. Upstairs there is accommodation that consists of three rooms and a bathroom.

REASON FOR SALE

The owner is seeking to broaden his commercial restaurant experience through expansion and diversification.

GROWTH OPPORTUNITIES

There are several factors and options to significantly increase the already healthy productivity of the restaurant.

There is significant development in the local area with housing for an estimated additional 10,000 – 15000 people.

The rooms above the restaurant could be used to extend the restaurant, provided a further 50 covers, some of which would have sea views, further widening the appeal.

This is a fantastic opportunity to own an outstanding restaurant, perfectly situated in area with affluent high demand and growth opportunities. Priced to sell quickly, so don’t delay getting in touch.

FINANCIALS

Price £90,000
Estimated Turnover: £350,000 - £400,000
Tenure: Leasehold

Contact Agent
Agent Name:
Advert Reference:
91081-804902 / Rightbiz
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