Highly Regarded, Well Establish Restaurant based in Sussex

Undisclosed

Status

FOR SALE

Date Submitted:

24/08/20

Advert ID

264072

Reference

91081-508695 / Rightbiz
Leasehold: £275,000
Annual Turnover: £530,000
Annual Net Profit: £111,000

Transworld is pleased to offer for sale this highly regarded, well establish restaurant based in Sussex only a short walk from the sea. The restaurant offers the very best in traditional English and continental cuisine and is widely regarded as the best restaurant in the town. The excellent and varied menu, high service standards and strong marketing presence have contributed to the restaurant’s excellent reputation and popularity.

This reputation has created sustainability in the most difficult of trading environments as the restaurant switched to a takeaway service during the COVID lockdown and its saw it’s loyal customer base continue to place orders.

This large, 85 cover restaurant spread over two floors, continues to innovate by periodically changing it’s menu whilst retaining its traditional element, encouraging high levels of repeat custom. New customers are also secured through a strong high quality multi-channel market presence through both traditional advertising, an attractive website and a strong social media presence.

The restaurant is in a prime location in this popular Sussex seaside town and boasts spectacular views from its window seats. The location is ideal to attract passing trade from the large number of holiday makers and day trippers who compliment the local clientele.

The restaurant is decorated and equipped to the highest standards with a bar area at the entrance and a fully equipped open commercial kitchen at the rear. The kitchen area includes a large separate walk in cold room. At the rear of the restaurant there is a private courtyard and parking.

The two owners have a range of other business interests and young families and have therefore made the difficult decision to pass the restaurant into new hands.

This is a fantastic opportunity to own a large outstanding restaurant, perfectly situated and whose reputation has secured strong high six figure revenues.

The asking price is £125,000 plus the current assets.

Key Facts

Covers : 85
Number of staff : 12
Turnover : In excess of £500,000
EBITDA : In excess of £100,000
Tenure : Leasehold
Rent : £25,000
Rates : £0

Contact Agent
Agent Name:
Advert Reference:
91081-508695 / Rightbiz
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