E CLASS RESTAURANT WITH ALCOHOL LICENCE IN THE HEART OF ROTTINGDEAN EAST SUSSEX ALL YEAR ROUND TRADE

This restaurant comes to the market in excellent condition after being completely renovated at the end of 2019. The restaurant now only comes to the market due to the vendors other business commitments.  This extremely well-presented restaurant occupies a prime location in the beautiful village Rottingdean Village, which is approximately four miles east of Brighton. The restaurant is very popular among local residents and also from nearby towns. During the summer months the café is very busy with a number of tourists visiting the area and also walkers who are walking along the lower esplanade from Brighton to Rottingdean. The vendor has created an excellent reputation for delicious food and has received excellent reviews on Trip Advisor, Facebook, Uber Eats, Deliveroo and Google Reviews.

THE PREMISES:  The smart double fronted restaurant comes to the market in excellent condition, after recently been refurbished 4 years ago. The restaurant can accommodate 70 covers comfortably. The restaurant has seating for 40 covers inside, with a further 30 alfresco covers to the front of the restaurant on a recently installed decking area. This business comes to the market with a fine inventory of trade fixtures and fittings many of which can be seen in these illustrated particulars.  We are assured by the vendor that all items of fixtures & fittings are owned by them, nothing is on hire purchase or lease. On entering the restaurant, you are greeted by a bar area, adjacent to this is the seating area and access to the customer toilet.  The kitchen was recently remodeled and extended and is has been equipped to a high standard with a walk-in chiller room, full extraction, a washing up area, preparation space and a double pizza oven. Part of the customer seating area was also partitioned off to allow for an additional food preparation area to accommodate the high number of delivery and take away orders. Therefore there is the option to take this down and reinstate the area for further customer seating, should this be preferred. There is access to parking, with a public car park across from the premises.

TURNOVER:  We are informed that the business averages some £4,000 per week in the winter months and increases to £12,000 per week during the summer season. The business is currently run under management and is run with 2 full time staff members. Hours of Opening:  5pm-10pm Tuesday to Sunday and then this increases to 10am-10pm in the summer months.  At present the restaurant specializes in Venetian casual dining and offers a range of small Italian plates. There would be scope to increase the trading hours to regularly open all day throughout the year.  

 TENURE:  The premises are let for a term of 10 years from September 2018, at a current rental of £15,200 per annum. The lease specifies that Ice cream sales are not allowed.

RATES:  We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero.  Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: E Class premises. Prime location in central Rottingdean. All year-round trade, however it peaks during the summer months. 70 covers - alfresco seating. Excellent take

away trade and delivers. We earnestly advise immediate inspections to avoid disappointment

 PRICE:  We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings PRICE £135,00 SAV PLEASE NOTE: The brand and name are not included in the sale

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

VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: Rated band E, full report available on 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 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:         6682C

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