Established Town Centre Restaurant with Substantial Outdoor Seating Worthing, West Sussex

A well-established and successful restaurant located in Worthing town centre, West Sussex. The town centre provides an attractive trading environment, benefiting from strong year-round footfall, a diverse customer base, and a well-developed leisure and evening economy, supported by its coastal appeal, ongoing regeneration, and excellent transport links. The restaurant occupies a highly prominent corner position, offering excellent visibility and sustained passing trade. A notable feature of the business is the large and popular outdoor seating area, which performs particularly well during the summer months. The restaurant has built an excellent reputation, reflected in strong online reviews, including 4.5 stars on Google and 4.1 stars on TripAdvisor. Established for over 10 years, the business is only now being offered for sale as the vendors wish to focus on other business interests. The premises would suit a variety of alternative restaurant concepts and benefits from the potential to expand its takeaway and delivery offering alongside dine-in trade.

THE PREMISES:  The property presents an excellent opportunity to acquire a well-appointed restaurant occupying a highly prominent corner position. The location benefits from strong year-round footfall and high levels of visibility, underpinning the site’s trading potential. The restaurant is offered in very good condition throughout and provides approximately 36 internal covers, complemented by a substantial external seating area to the front of the premises accommodating around 70 covers, significantly enhancing overall capacity and seasonal trade. The bar area is positioned towards the rear of the restaurant and is fitted with under-counter refrigeration, an ice machine and two beer lines, providing a practical and efficient servery arrangement. Adjacent is a fully equipped commercial kitchen, benefiting from full extraction and a well-considered layout with dedicated areas for food preparation, cooking and washing up. A service hatch allows for efficient food service into the restaurant. The kitchen also provides rear access to bin storage and one allocated parking space. Customer WC facilities are accessed from the main seating area and include an accessible toilet. The premises also includes a beer cellar accessed via a shared hallway to the rear of the premises, which also offers useful dry storage and houses a number of fridges and freezers, supporting both food and wet-led operations. Overall, the property represents a strong trading location with excellent internal and external seating provision, well-maintained facilities and immediate operational capability, suitable for a variety of catering concepts.

 PREMISES LICENCE: Allows for the sale of alcohol for consumption on the premises between midday and 11pm Monday-Sunday.

TURNOVER:  We are informed that the business currently averages £8,000 -£9,000 per week, which is based on trading Tuesday - Friday 12:30pm-2pm, then 5:30pm -9pm on Tuesday-Thursday and 5:30-10pm on Friday. Saturday trades 12pm-3pm, then 5pm-10pm, on they Sunday 12pm-3pm and 5pm-8:30pm.  The restaurant is currently under management and the staff consists of one full time general manager, 1 assistant manager, 1 full time kitchen manager and a pool of 10-15 front of house staff.  

TENURE:  The landlord is prepared to grant a new lease. The rent is expected to be £24,000 per annum, exact details of the lease to be confirmed between the parties.

RATES:  We have been verbally informed that the current rates payable are £3,617 per annum and the premises has a rateable value of £17,000.  Prospective occupiers should make their own enquiries to verify the same. 

GENERAL REMARKS:  Prominently located in central Worthing, the business benefits from strong year-round footfall and a loyal customer base. Worthing offers a large and diverse population, an affluent catchment, and a vibrant leisure scene that supports consistent restaurant trade throughout the year. The premises provide approximately 106 covers across indoor and outdoor seating, offer a versatile layout suitable for a range of cuisines, and benefit from a late restaurant licence.

PRICE:  We are instructed to quote for the shares of the limited company PRICE REDUCTION £120,000 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 B, 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:  6923C

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.