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BEAUTIFULLY PRESENTED LATIN AMERICAN RESTAURANT SITUATED IN THE EAST SUSSEX COASTAL TOWN OF BEXHILL

Undisclosed, East Sussex
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BEAUTIFULLY PRESENTED  LATIN AMERICAN RESTAURANT SITUATED IN THE EAST SUSSEX  COASTAL TOWN OF BEXHILL Photo 1
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BEAUTIFULLY PRESENTED  LATIN AMERICAN RESTAURANT SITUATED IN THE EAST SUSSEX  COASTAL TOWN OF BEXHILLBEAUTIFULLY PRESENTED  LATIN AMERICAN RESTAURANT SITUATED IN THE EAST SUSSEX  COASTAL TOWN OF BEXHILLBEAUTIFULLY PRESENTED  LATIN AMERICAN RESTAURANT SITUATED IN THE EAST SUSSEX  COASTAL TOWN OF BEXHILL
  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    04/05/22

  • Advert ID

    294745

  • Leasehold: £115,000
  • Rent: £12,000
  • Turnover: £150,000 £2,885 Per week
  • Net Profit: £50,000 34% Profit margin

Business Details

LOCATION

This beautifully presented Latin American restaurant is situated in the popular East Sussex coastal town of Bexhill-on-Sea, in between Hastings and Eastbourne. Bexhill-on-Sea is a seaside town situated in the county of East Sussex in South East England. An ancient town and part of the local-government district of Rother, Bexhill is home to a number of archaeological sites, a Manor House in the Old Town, an abundance of Edwardian and Victorian architecture, and the famous De La Warr Pavilion. Bexhill has more than its fair share of facilities, including a very active sailing club, a rowing club, a well-equipped leisure centre, an indoor pool, tennis courts in Egerton Park, outdoor bowling clubs and an indoor bowling pavilion as well as two of the finest golf courses in Sussex at Cooden Beach and Highwoods.

PROPERTY

The business occupies the ground floor and basement of this unit in one of the main parades of shops in Bexhill-on-Sea. This refurbished restaurant has seating to accommodate 30 covers. At the back of the main area is the counter/bar and to the rear of this is the kitchen. There is a garden area as yet unused that would allow for a further 4-6 covers. The décor includes a tailored wall designed using faux copper with 24 karats gold leaf and natural patina rust. There are stairs down to the large basement, currently split into two rooms – one used for storage and the other with a freezer, glasswasher and sink. There is opportunity to develop this area of the premises into a larger kitchen to increase the customer area upstairs or to provide outside catering for corporate lunches or private events. To the rear of the restaurant is the WC. There is parking outside the restaurant. The premises have the security of a CCTV system. TENURE Terms to be agreed for the sub-lease or management of this restaurant. The business rates, after small business relief, are currently £nil.

THE BUSINESS

This family-run business was acquired by the current proprietors nearly two years ago, and although has been an eating establishment for about 10 years, it has been refurbished and converted into a beautifully presented Latin American restaurant. The establishment serves a range of dishes, all prepared and cooked to order, using the freshest, locally sourced ingredients. The wide-ranging menu includes Argentinian empanadas, Peruvian ceviche, the legendary Mexican fajitas, Brazilian-style chicken breast, Portuguese style potato and kale soup, cocodrilo al mango and lamb pachamanca. It has also added a successful take-away service. The kitchen includes a CE 6-burner gas hob and oven with extractor above, AEG twin fryer, two large Polar fridges, sink, handwash basin and stainless-steel tables. All pots, pans, cutlery and crockery are included. The counter area includes a Blizzard drinks fridge, second drinks fridge, till and small sink. Downstairs is a Haier chest freezer, Atlantis glass washer and sink.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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