CONFIDENTIAL
FOR SALE
649145
6940C / Rightbiz
This exceptional, award-winning restaurant, is prominently positioned in central Brighton, just moments from Brighton’s iconic seafront and near a number of large hotels. The business benefits from excellent visibility within a vibrant and well-established dining location, popular with both residents and visiting tourists. Convenient parking is available nearby, including a multi-storey car park within a short walking distance. The restaurant has been under the same ownership for the past ten years, during which time it has developed a strong and loyal customer base, together with an outstanding reputation for quality and service. This is further reflected in its excellent online reviews, achieving ratings of 4.7 stars on both Google and TripAdvisor. The business is only now being offered to the market as the vendors wish to pursue other opportunities, presenting a rare opportunity to acquire a highly regarded and profitable restaurant in a prime trading location. The premises are immaculately presented throughout, featuring a charming rustic interior that provides a warm, inviting and intimate dining environment.
THE PREMISES: The restaurant is presented to the market in excellent condition, with both the property and equipment having been regularly maintained to a high standard. Upon entering, the dining area provides seating for approximately 40 covers, offering a welcoming and well-laid-out space for customers. Towards the rear of the premises is a fully fitted, open-plan commercial kitchen, complete with extraction hood and an extensive range of catering equipment (a full inventory is available upon request). The kitchen is thoughtfully arranged into dedicated areas for food preparation, cooking, and washing up, ensuring an efficient workflow. The kitchen pass opens directly into the restaurant, creating an engaging atmosphere that allows interaction between chefs and diners. Adjacent to the kitchen is a well-equipped bar and drinks preparation area, which includes a two-group coffee machine and grinder. Customer toilet facilities are located in the basement, along with an additional food preparation room, food storage area, and office space, providing excellent supporting accommodation.
TURNOVER: The business is owner-operated, with the vendors fulfilling the roles of Head Chef and Restaurant Manager. They are supported in the kitchen by one full-time Sous Chef and two Chef de Parties, while the front of house is efficiently managed by a team of three full-time staff members. The restaurant currently trades from 12:00pm–3:00pm and 6:00pm–10:00pm, Thursday through to Monday, remaining closed on Tuesdays and Wednesdays. The business achieves an average weekly turnover of approximately £13,500. In addition to regular trading, the restaurant is a popular venue for private functions and weddings, providing an additional and valuable revenue stream throughout the year.
ALCOHOL LICENCE: Sale of retail alcohol to be consumed on the premises between 10:00 – Midnight Monday-Saturday and 12pm-midmight on Sunday.
TENURE: The landlord has agreed to grant a new full repairing and insuring lease at a commencing rental of £30,000 per annum. The term of the lease to be agreed between the parties.
RATES: The rateable value is £13,250 per annum and the current rates payable £4,767.65 per annum, due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: This outstanding business has been personally inspected by the vendor’s sole agents, who can confidently recommend it as an exceptionally well-presented and award-winning restaurant. Ideally situated in the heart of central Brighton, the premises benefit from a prime, high-footfall location. The business enjoys an excellent reputation and comes with a new, secure lease in place, along with a valuable alcohol licence, making it a superb turnkey opportunity for an incoming operator.
PRICE: We are instructed to quote for the shares of the limited company which will include the lease, goodwill, premises licence, fixture, and fittings £160,000 SAV.
LEGAL FEES: Each party to pay 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 was rated a band E, 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: 6940C
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.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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