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High-Rated Sushi Restaurant with Alcohol License in Central Brighton for Sale

Brighton, East Sussex
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SUSHI RESTAURANT CENTRAL BRIGHTON LOCATION EAST SUSSEX Photo 1
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SUSHI RESTAURANT CENTRAL BRIGHTON LOCATION EAST SUSSEXSUSHI RESTAURANT CENTRAL BRIGHTON LOCATION EAST SUSSEX
  • Status

    FOR SALE

  • Date Submitted:

    22/11/23

  • Advert ID

    602971

  • Reference

    6751C / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £130,000 (Stock at valuation)
  • Rent: £20,000
  • Turnover: £400,000 (£7,692 Per week)
  • Net Profit: On request

Key Features

  • Established Business
  • Small Business
  • Fully Fitted
  • Town Centre location
  • Prime Location
  • Accounts Available

Business Details

SUSHI RESTAURANT CENTRAL BRIGHTON LOCATION EAST SUSSEX

This extremely well-presented sushi restaurant (E class) occupies a prominent position on the Old Steine, in this bustling cosmopolitan part of Brighton. The restaurant is located 50 meters from the Palace Pier, The Sea life Centre and the main promenade in Brighton which ensures there is a high footfall throughout the year. At present the vendor is operating a Sushi restaurant which specializes in traditional and fusion sushi dishes. The restaurant also has the benefit of an alcohol license. The restaurant was established 4 years ago and since this time has developed a successful reputation, and has received excellent reviews and is currently highly rated on Uber Eats (4.7*) and Deliveroo (4.7*). A large part of the business is takeaway and delivery via the popular platforms. They frequently also have requests for large order to cater for private parties and work functions. The vendor has also confirmed that he would provide training and a handover, should the new owners wish to continue the same offering.  The business is now only coming to the market as the vendor wishes to focus on other business opportunities.

THE PREMISES:  Well-presented premise located on the Old Steine was fully refurbished and equipped 4 years ago. On entering the E class restaurant there is seating for some 20 persons inside, with an additional 8 covers outside to the front of the restaurant. Towards the rear are two chiller display cabinets and the till point. At the rear of the premise are the fully fitted kitchens. The premise comes to the market with a fine inventory of trade fixtures and fittings and a full inventory will be made available to any bona fide purchaser. We are assured by the vendor that all items of fixtures & fittings are owned by them, nothing is on hire purchase or lease and all have been regularly serviced and maintained.  The lower ground floor is used for dry storage and has a number of upright fridges and freezers. The customer toilets are located on the 1st floor. The premise is fitted with CCTV and a fire alarm system.

TURNOVER: We are informed that the business currently averages £7,500 - £9,000 per week depending on the time of year. With the winter months often being some of the busiest periods.  90% of the turnover is a result from online orders via Uber Eats, Deliveroo and Just Eats. The vendor works full time in the business, with the assistance of one full time chef and two part time. Hours of Opening:  12pm to 9pm Monday to Sunday. 

ALCOHOL LICENCE: 1445/3/2019/05732/LAPREN

Sale of retail alcohol –

11:00:00 - 00:00:00 - Monday-Sunday

TENURE:  The premises are held on a full repairing and insuring lease at a current rental of £20,000 per annum. The lease currently has 1 year remaining and the landlord will grant a new 5 year lease for the purchaser.

RATES:  We have been verbally informed that the rateable value is £15,500 and the current rates payable are £70 per month due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.  

 GENERAL Fantastic area on the Old Steine and a few minutes’ walk to the Palace Pier and Seafront. High footfall throughout the year. Large delivery side of the business. The site was fully refurbished and comes fully equipped to trade. We earnestly advise immediate inspections to avoid disappointment.

 PRICE:  We are instructed to quote for the goodwill, lease, equipment, trade fixtures and fittings £130,000 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 premise was rated a Band D and 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 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:         6751C

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

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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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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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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The data showed regarding this advert 'SUSHI RESTAURANT CENTRAL BRIGHTON LOCATION EAST SUSSEX - 6751C / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.