Well Equipped Town Centre Restaurant Prime Worthing Location

An excellent opportunity to acquire a well-presented and highly regarded restaurant located in the heart of Worthing, West Sussex. Prominently positioned on South Street, one of the town’s busiest and most established shopping locations, the restaurant benefits from strong year-round footfall and close proximity to the seafront, attracting both local customers and visitors. The business currently trades with a popular Greek-inspired menu and offers both dine-in and takeaway options, appealing to a broad customer demographic. The restaurant enjoys an excellent reputation, reflected in strong online reviews, including 4.7 stars on Google and 4.6 stars on TripAdvisor. The premises have undergone a comprehensive refurbishment within the last two years and are presented in turnkey condition, offering a modern and attractive trading environment with no immediate capital expenditure required. This represents an ideal opportunity for an operator seeking an established, fully operational business with the flexibility to continue the existing concept or introduce an alternative offering.

The business is only being brought to the market due to the vendor’s family commitments, providing a rare opportunity to acquire a successful town centre restaurant with a proven trading record and prime positioning.

THE PREMISES:  The restaurant is offered to the market in excellent condition and occupies a prime position within one of the busiest areas of Worthing town centre, benefiting from strong year-round footfall. Internally, the premises provide seating for approximately 40 covers, arranged through a combination of counter seating and tables and chairs, creating a flexible and engaging dining environment. A key feature of the restaurant is the open-plan, theatre-style kitchen, which is fully equipped with commercial extraction and a range of specialist catering equipment, including a charcoal grill and doner kebab grill. Further equipment includes a two-group coffee machine and grinder, supporting a strong food and beverage offering. To the rear of the premises is a dedicated preparation kitchen with a separate washing-up area and refrigerated storage. Customer facilities include an accessible WC with baby-changing provision. At the very rear of the property are designated bin storage areas and a separate, secure drinks store. The premises also benefit from a comprehensive CCTV system installed throughout.

PREMISES LICENCE: 147991 number - Allows for the sale of alcohol for consumption on the premises between the hours of 11am and 10:40pm Monday-Sunday.

TURNOVER:  We are informed that the business currently averages £4,500 per week, which is based on trading Monday - Sunday 12pm-10pm. One of the vendors actively work in the business with the assistance of 3 part time waiters. The restaurant also operates a successful takeaway and delivery service.

TENURE:  The entire premises are held on a 10 year full repairing and insuring lease at a current rental of £18,000 per annum. There are currently 7 years remaining on the lease. The rent review will be in year 5 of the lease.

RATES:  We have been verbally informed that the current rates payable are £509 per month and the premises has a rateable value of £17,000.  Prospective occupiers should make their own enquiries to verify the same. 

GENERAL REMARKS:  This business was personally inspected, very highly recommended. Central Worthing location. High footfall throughout the year. Refurbished to a very high standard. Both takeaway and eat in revenue streams.

PRICE:  We are instructed to quote for the lease, goodwill, premises licence, equipment, trade fixtures and fittings £59,950 SAV

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, Tel 01273 709090. 

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

EPC: The premises has been rated a Band C, the full report is available on 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 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.  These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

Ref:  6925C

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.