NEWLY REFURBISHED RESTAURANT KENSINGTON GARDENS, NORTH LAINE, BRIGHTON

NEWLY REFURBISHED RESTAURANT 

KENSINGTON GARDENS, NORTH LAINE, BRIGHTON

 This recently refurbished restaurant, finished to a high standard, is located in one of the busiest cash trading thoroughfares in the South of England. Situated in Brighton’s vibrant North Laine, it enjoys a prime location, attracting year-round high footfall from shoppers, tourists, and local professionals. The property also includes self-contained accommodation, adding flexibility and value to this unique offering. The restaurant is easily accessible, close to Brighton’s mainline railway station, city centre parking facilities, and numerous professional offices. Currently specializing in authentic Siu Mei and Hong Kong Bento dishes, including tempura, deep-fried squid, and roast duck, the business has built a strong reputation. However, this versatile space is perfectly suited for a variety of different cuisines, offering significant potential for a fresh concept. The business only comes to market due to the vendor’s focus on other opportunities, making this a fantastic chance for a new owner to step into a fully equipped, high-standard restaurant with excellent growth prospects.

THE PREMISES: This recently refurbished E-Class restaurant occupies a double-fronted property in excellent condition, having undergone a complete upgrade in 2024. The ground floor is fully fitted to a high standard, offering a turnkey opportunity for a new owner to begin trading immediately. The restaurant features a welcoming counter/bar area at the entrance, leading to a spacious dining area that accommodates 50 covers indoors, with an additional 8 covers on the front decking. Toward the rear, the fully equipped kitchen is designed for efficiency and includes a large extraction hood, a smaller extraction hood, and a separate dishwashing area. Customer restrooms are conveniently located at the back of the premises, and the entire property is secured with a modern CCTV system.  

ACCOMMONDATION: The business has the benefit of a two-bedroom self-contained flat which also has a kitchen and family bathroom.

PREMISES LICENCE: Licence - 1445/3/2024/01834/LAPRET. Allows for the consumption of alcohol on the premises between the hours of 12pm-midnight Monday-Saturday and 12pm-11:30pm on Sunday.

TURNOVER:  The vendors are actively involved in the business with the assistance of 2 full chefs and 2 part time front of house staff members.  The business normally Monday to Sunday, 12pm-9pm.  The current average weekly turnover is £6,000-£7,000.  The vendor is also currently working with Deliveroo to fulfil delivery orders.  

TENURE:  The premises are held on a full repairing and insuring lease at a current rental of £38,750 per annum, with 11 years remaining. Rent review are due to take place every 4 years.

BUSINESS RATES: We are informed that the rates payable are currently £1,635 per annum. The rateable value for the property is £27,250 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS:  Located in the heart of Brighton’s ever-popular North Laine, and benefits from a high footfall throughout the year. Newly refurbished and comes to the market in excellent condition. Includes self-contained 2 bedroom flat. Seating for 50 covers inside, with a further 8 covers outside.

PRICE:  We are instructed to sell the lease, premises licence, fixture & fittings and goodwill – 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 Manager or the staff without a prior appointment through the vendors’ agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: The premises has been graded band E, the full report is available upon request.

DISCLAIMER: Neither the Vendor nor the Agent give or imply 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: 6846C

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 me 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 e.g 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