PRIME LOCATION LONG ESTABLISHED RESTAURANT WESTERN ROAD, BRIGHTON

This well known and highly rated restaurant comes to the market in excellent condition having been in the current vendor’s stewardship for 13 years. Durng this time they have developed an excellent reputation and goodwill with 4.5* reviews on Trip Advisor, Facebook and Google Reviews. The vendor has only decided to sell due to his wish to retire. The restaurant is located on Western Road in Brighton which is the main road running from Hove into central Brighton, with a number of main bus routes running along it. Western Road Is inhabited by numerous well-established brands, many brands are located within the city shopping mall “Churchill Square Shopping Centre”, the surrounding area is densely populated with many flats in the area.

THE PREMISES: This is an extremely smart premise and comes to the market in excellent condition.  The restaurant occupies a fantastic location on Western Road and is only a short walk away from Churchill Square. The ground floor provides covers for 85 inside, which is split into the seating area at the front of the restaurant and at the rear, with access to the kitchen, customer toilets and service area located between these two sections. The seating also includes two Moroccan themed seating booths which are very popular for larger groups. The kitchen is located on the first floor and is fully equipped to a high standard with full extraction, which is regularly serviced and maintained.  The kitchen has a separate preparation area, dry store and washing up space. The kitchen has a wealth of fixture and fittings and a full inventory is available on request. The premise also benefits from a basement which is currently used for storage. 

TUROVER: The business is currently run by the vendor with the assistance of one full time front of house manager and 2 part time waitresses. The kitchen staff consists of 1 full time chef, 1 part time Sous chef and 2. Kitchen porters.  The business trades between the hours of 12pm – 10pm 7 days a week. Details of the turnover will be shared with any bona fide purchaser.  The vendor also works with Uber Eats and Just Eats. The vendor also regularly holds a number of private events throughout the year such as weddings and birthday parties. They also hold Belly Dancer nights, which are hugely popular and regularly sell out. PLEASE NOTE: The restaurant doesn’t hold an alcohol licence and currently operates a BYO policy for customers.

TENURE:  The premises are held on a full repairing and insuring lease, which has approximately 8 years unexpired at a current rent of £25,000 per annum. 

RATES: The rateable value is £23,250 per annum and the current rates payable are £3,480 due to the property benefiting from the small business rate relief. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: This business was personally inspected by the vendor’s sole agents who can thoroughly recommend this as being an extremely well-presented business. Fantastic location in central Brighton. Very established business with excellent repeat trade. Equipped and decorated to a very high standard. Secure lease. High footfall throughout the year. Fully fitted kitchen.

PRICE: We are instructed to quote for the lease, goodwill, premises licence, fixture and fittings Price reduction £120,000 SAV

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:  The premises has been rated a band D, the full report is available upon 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 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:        6721C

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.