Highly Rated Italian Restaurant – Established Business with Strong Dine In and Takeaway

This is an exceptional opportunity to acquire a thriving Italian restaurant perfectly situated in a highly populated residential area in Saltdean. Located on a bustling parade of shops with accessible street parking, the restaurant benefits from high footfall and is a popular choice for locals and visitors alike. Established eight years ago, the business has built an outstanding reputation for its freshly prepared, authentic Italian cuisine. It has garnered excellent reviews across multiple platforms, boasting a 4.8* rating on Google Reviews, 5* on TripAdvisor, 4.8* on Just Eat, and 4.6* on Open Table. These glowing testimonials reflect the high standard of food and service that has become synonymous with the restaurant. The business offers a dual revenue stream, catering to both dine-in and takeaway customers. The restaurant’s inviting atmosphere attracts diners who wish to enjoy a relaxed meal on-site, while the takeaway service appeals to those who prefer to savour its delicious offerings in the comfort of their own homes. The vendor has successfully established a solid customer base and a loyal following during their tenure. However, the business is now available due to the owner’s desire to focus on other ventures, presenting an exciting opportunity for a new operator to take over and continue its success. With its strong reputation, prime location, and established operations, this Italian restaurant is poised for continued growth. There’s potential to further expand the takeaway and delivery services or explore additional marketing opportunities to attract even more customers. This is a rare chance to own a profitable, turnkey Italian restaurant with an excellent reputation and significant growth potential.

THE PREMISES: This business operates from a double-fronted premise on a busy parade of shops in a coastal village of Saltdean, which is just outside of Brighton. There is street parking readily available for customers. The restaurant has space for 24 covers internally, with an additional 30 covers on the decking area to the front of the building. On entering the restaurant, there is a serve over counter which is used to display deli items, fresh salads and cakes. Behind this area is a small food preparation area and coffee machine and grinder. The kitchen is just adjacent to this area and is fully fitted with commercial extraction, 3 deck pizza oven and frigerated pizza prep counter. To the rear of the restaurant is the toilets.  The restaurant is also fitted with CCTV. The building is fitted with solar panels and as such the landlord has agreed to pass on a 50% reduction on the electricity bill.

TURNOVER: The turnover is currently averaging £5,200 per week, based on a 48 week year, as my client closes the business for 4 weeks every year. The business currently trades Monday 5pm-10pm and 10am-10pm on Tuesday-Saturday. The vendor works full time in the restaurant as the chef of 1 other full-time chef, 2 full time and 2 part time waiters and 2 delivery drivers.

TENURE: The premises will be held a new 12-year full repairing and insuring lease at a commencing rental of £15,000 per annum, with four yearly upward only rent reviews.

RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief . The rateable value for the property is £10,000 per annum.  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 restaurant, which will produce sound profits.  New secure lease. Long standing business, with an excellent reputation. Ideally located on a busy high street and surrounded by residential properties.  Both eat in and takeaway streams available.

PRICE: We are instructed to quote for the lease, goodwill, premises licence, equipment, trade fixtures and fittings Price reduction £70,000.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 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 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:        6869C

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