BURGER BAR TAKE AWAY LOCATED ON BUSY MAIN ROAD, BRIGHTON & HOVE BORDER, EAST SUSSEX

The burger bar is positioned near the border of Brighton & Hove. It is on a busy main road, with a strong foot traffic for passing trade, that stretches across Brighton & Hove. The road Is inhabited by numerous well-established brands, many brands are located within the city shopping mall “Churchill Square Shopping Centre.” Other brands such Waitrose, Sainsburys, Tesco, Marks & Spencer, Wendy’s, H&M, Primark, KFC, McDonald’s, multiple Starbucks, Subway & Taco Bell can be found within close walking distance from the burger bar. There are numerous late-night licensed bars and pubs in the area providing a steady flow of potential customers throughout the evening. The Burger Bar is ideally positioned for providing deliveries across the city, covering Saltdean, Woodingdean, Portslade, Hangleton & Shoreham. The surrounding area is densely populated with many flats in the area.  Currently the vendor works with Deliveroo & Uber Eats, where he has received a minimum star rating of 4.7/5 across all sites.  There would be huge potential to expand onto other platforms to further increase annual turnover. The business has also received fantastic reviews on Google Reviews and Trip Advisor, due to the very efficient business operation where the food is cooked to order and packaged within 5 minutes. The business was established 3 years ago at the beginning of the pandemic and was able to trade throughout the lockdowns. The business now only comes to the market due to the vendor’s wish to retire.

THE PREMISES:  This extremely well-equipped premise comes to the market in excellent condition. On entering the premises there are automatic doors and a serve over counter for order collections. Behind this area is the superbly fitted open plan kitchen which include a wealth of fixture and fittings, many of which are still under warranty. Items including a 48 inch American-made AccuTemp electric stainless-steel griddle, Three single tank electric Swiss-made Valentine fryers; Spanish-made Infrico Chef Base and separate toppings stainless steel interior and exterior fridges and 2 upright 1300L Polar stainless-steel interior and exterior fridges, to name but a few items. The vendor has confirmed that all types of trade fixture and fittings are owned outright and nothing is on hire purchase or lease. The custom designed close proximity extraction system has also recently been installed and is regularly cleaned and maintained. Beyond the cooking area and to the rear of the premises is a large preparation and washing up area. The layout of the premises can be altered to accommodate seating for customers both inside and outside on the forecourt to the front of the premises, should the kitchens be moved downstairs to the large basement. At present the basement includes a large storage area, 6 small chest freezers, a washing machine and a staff room and two separate toilet areas.

TENURE

RATES:  We have been informed that the current rateable value of the premises is £17,000 per annum and the rates payable amount to £4,000 per annum. Prospective occupiers should make their own enquiries to verify same.

TURNOVER: The vendor over sees the management of the business, but does not actively work in the premises. The business is currently run will 5 full time staff members. The current opening hours are 12pm-12am Sunday to Thursday and 12pm-2am on Friday and Saturday. Their licence permits them to trade from 10am-2:30am, 7 days a week therefore there is scope to increase the business further.  They receive a high level of orders through Just East, Deliveroo and Dinner2Go which equates to about 70% of orders, with the remaining 30% generated from collections. There would be the option to also apply for an alcohol licence, subject to permission.

GENERAL REMARKS:  Established business and client base. Secure lease. Based on a busy main road in a densely populated area. Easy access to Brighton & Hove for deliveries. An impressive fully fitted and equipped. Early Inspections, Highly Recommended.

PRICE:  We are instructed to quote for the shares in the limited company - £275,000 This will include all fixture and fittings, lease and goodwill.

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

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

ENERGY PERFORMANCE CERTIFICATE: Our client is in the process of commissioning an EPC.

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 and rents 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:        6683C

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.