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CHAMBERS BISTRO FOR SALE CENTRE OF SHOREHAM BY SEA WEST SUSSEX

Shoreham by Sea, West Sussex
Leasehold Price:
£195,000
Status
FOR SALE
Advert ID
241265
Reference
6462C / Rightbiz

Chambers Bistro is an impressive restaurant in the heart of Shoreham-by-Sea and is located in the beautifully converted Old Town Hall premises.  The restaurant is well supported by local residents and local office workers, as well as many customers travelling from Brighton and other nearby towns to visit the restaurant. The business has been in the present vendors hands since 2009 and during this time has achieved an excellent reputation and is highly rated on Trip Advisor, Google Reviews, Restaurant Brighton and Facebook. At present the restaurant offering is predominately British, with often a European influence coming through many of the dishes served.

THE PREMISES:  The restaurant is located in the town’s old Town Hall, which provides an impressive facade, and spacious seating area. The restaurant was fully refurbished 8 years ago and is regularly maintained. The restaurant area has seating for some 65 persons with an additional 12 covers on the alfresco-decked area to the rear of the property, which is immensely popular in the summer months. Total Covers Available approximately 77 persons. There are separate ladies and gents cloakroom as well as a disabled toilet. Also located on the ground floor are the superbly fitted and equipped kitchens, which are regularly maintained and serviced. The kitchen is split over three levels; preparation, cooking and washing up area. A full list of the valuable trade fixtures and fittings will be made available to any bona fide purchaser. There is rear access available from the kitchen, which is ideal for deliveries and also leads down into the basement. The basement contains the walk in chiller, freezers, wine and drinks store as well as the staff toilet with wash hand basin.

TENURE:  The entire premises are held on a full repairing and insuring lease, which has approximately 7 years unexpired at a current rental of £32,333.40 per annum. We are informed that there would be no difficulty in renewing the lease under the terms of the 1954 Landlord & Tenant Act.

RATES:  We have been verbally informed that the rateable Value is £29,750   and the current Rates Payable amount to £14,607.24 per annum. However a discount of  33% discount has been applied for the next two years of £4869.08 bringing the new payable amount to £9738.17. Prospective occupiers should make their own enquiries to verify same.

LICENCES HELD: Premises licence number LN-200500243

TURNOVER: The restaurant is currently run under management, and the staffing structure consists of 13 members of staff, of which 10 are full time and 3 are part time.  We are informed that the average weekly turnover is £13,400 per week. The current opening hours are Monday-Thursday 12noon-3:30pm & 6pm-10.30pm.  Friday – Saturday 12pm-11pm and Sunday 12pm-10pm.

GENERAL REMARKS:  This business was personally inspected by the vendors sole selling agents who consider same to represent an outstanding opportunity to acquire a prime location in the heart of Shoreham-By-Sea. Obvious potential of this business will immediately be seen at the time of inspection. Secure lease. Proven turnover and profitability.

PRICE:   We are instructed to quote for the lease, equipment, trade fixtures and fittings Price reduction £195,000 SAV

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

 

Listing Details
Leasehold Price: £195,000
Tenure: Leasehold
Location: Shoreham by Sea, West Sussex
Sector: Restaurants, Bistros, Cafes
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Fully Fitted
  • Town Centre location
  • Established Business
  • High Turnover
  • Attractive Business
  • Accounts Available
Contact Agent
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Advert Reference: 6462C / Rightbiz

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