Long Established Moroccan Restaurant with Strong Reputation & Loyal Clientele

An exceptional opportunity to acquire a long-established and fully fitted restaurant occupying a prime trading position on the highly sought-after Preston Street in Brighton, only moments from the seafront and the landmark Brighton i360. Renowned for its vibrant hospitality scene, Preston Street benefits from substantial pedestrian footfall throughout the year from both local residents and the city’s thriving tourist trade, whilst nearby public parking and excellent transport links further enhance the location’s accessibility. Currently operating as a successful Moroccan and Lebanese restaurant, the business has been established for approximately 20 years and has cultivated an enviable reputation within the local dining scene, supported by excellent reviews across Tripadvisor, Facebook and Google. The venue is particularly well regarded for its authentic cuisine, welcoming atmosphere and loyal repeat customer base. In addition to its established restaurant trade, the business also hosts private functions and live music events, creating a lively and atmospheric destination venue with multiple income streams. The premises are offered fully equipped and ready for immediate operation, representing a genuine turnkey opportunity for an incoming operator. Whilst currently trading as a Moroccan and Lebanese restaurant, the property would lend itself equally well to a variety of alternative cuisines or hospitality concepts, subject to any necessary consents. Held on the benefit of a secure lease, this is a rare opportunity to acquire a well-established and highly regarded hospitality business in one of Brighton’s most desirable leisure and dining locations.

THE PREMISES: The restaurant is well presented throughout and occupies a highly desirable trading position on the southern end of Preston Street, just a short walk from the seafront and the renowned Brighton i360. Arranged over ground floor and basement levels, the premises provide approximately 50 covers internally, together with an additional 8 covers to the front terrace area. The restaurant has been fitted out to a high standard with an attractive Moroccan-inspired theme incorporating comfortable booth and sofa seating, decorative Moroccan tiling and feature lighting, creating a stylish and welcoming dining environment. To the rear of the main restaurant area is a well-equipped bar and service station complete with glass washer and drinks preparation area. The fully fitted commercial kitchen is located at basement level and benefits from full extraction together with a comprehensive range of catering equipment including a charcoal grill and gas hob. The kitchen has been thoughtfully arranged into separate preparation, cooking and wash-up sections to support efficient service.Additional basement accommodation includes customer WC facilities, staff toilet facilities and useful storage space.

TURNOVER: The business is fully staff managed and operates with a well-established team structure consisting of one full-time manager, two part-time front of house staff members, one full-time head chef, and two part-time chefs. The restaurant currently trades seven days a week, operating from 5:00pm – 11:00pm during the winter months, with extended summer trading hours from 2:00pm – 11:00pm. The business enjoys strong and consistent turnover levels, generating an average weekly revenue in the region of approximately £5,500 – £6,000 per week.

TENURE:  The premises are currently held on a full repairing and insuring lease, which has approximately 18 year remaining on the lease, at current rental of £28,000 per annum. The lease has the protection of the 1954 Landlord and Tenant Act. Rent reviews are every 5 years. 

RATES: The rateable value is £24,000 per annum and the current rates payable £5,400 per annum, due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: Fully fitted restaurant located on busy Preston Street in Brighton, just minutes from the seafront and i360 Tower. The premises benefit from excellent footfall from both locals and tourists, with nearby parking available. Providing approximately 50 covers inside and 8 outside, the restaurant is currently operating as a Moroccan restaurant but would suit a variety of cuisines. Held on a secure lease, this is an excellent turnkey opportunity in a prime trading location.

PRICE: We are instructed to quote for the lease, goodwill, fixture, and fittings £80,000 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 B, 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:        6944C

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.