Highly Regarded Restaurant in Prime Brighton Location

Established for many years, this highly regarded restaurant has become an integral part of Brighton’s vibrant dining scene, enjoying an exceptional reputation together with a loyal and longstanding customer base drawn from both locals and tourists alike. The business continues to benefit from highly rated customer reviews and strong repeat trade. Occupying a prime trading position within the heart of Brighton, in one of the city’s most sought-after hospitality destinations, the location benefits from exceptional year-round footfall and a constant flow of visitors from nearby retail areas, the seafront and key transport links. The business is currently operated successfully under management and represents a profitable and well-established operation with a proven trading history. Having successfully operated the business for many years, the current owners have taken the decision to place the restaurant on the market due to retirement. Financial information will be made available to bona fide purchasers upon request.

THE PREMISES: The restaurant is presented to the market in excellent condition throughout, with both the premises and equipment having been regularly maintained to a high standard. The dining area provides approximately 54 covers internally, together with additional seating for 8 customers to the front of the restaurant, creating an attractive trading environment. Positioned within the main restaurant area is a well-appointed bar and drinks preparation section, complete with a two-group coffee machine. To the rear of the premises is a fully fitted commercial kitchen incorporating extraction facilities together with an extensive range of catering equipment, with a full inventory available upon request. The kitchen has been efficiently configured into dedicated preparation, cooking and wash-up areas, allowing for smooth day-to-day operations. Customer toilet facilities are situated adjacent to the bar area. The premises further benefit from a substantial basement area accessed via a trap door, currently utilised for the storage of dry goods, alcohol and freezer facilities.

TURNOVER: The business is currently operated under management and benefits from an established staffing structure comprising one full-time manager, one full-time assistant manager, two full-time and five part-time waiting staff. The kitchen team consists of one full-time head chef, two additional full-time chefs and one part-time chef. The restaurant currently trades from 12:30pm until 9:00pm, Wednesday through to Monday, remaining closed on Tuesdays, and achieves an average weekly turnover in the region of £17,000. In addition to the strong regular restaurant trade, the business is also 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 11:00 – Midnight Monday-Saturday and 12pm-11:30pm on Sunday. 

TENURE:  A new full repairing and insuring lease will be granted at a commencing rental of £40,000. For a term of 12 years with upward only rent reviews taking place every four years. 

RATES: The rateable value is £34,000 per annum and the current rates payable £10,673.61 per annum, due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same. 

GENERAL REMARKS: This restaurant has been part of Brighton’s vibrant dining scene for many years, building an exceptional reputation and loyal repeat customer base from both locals and tourists alike. The restaurant has become a well-established favourite within the city’s thriving food scene. Ideally positioned in the heart of Brighton, the business benefits from consistently high footfall throughout the year. The premises will be offered with a new lease granted to the incoming tenant and comprise a fully fitted restaurant and commercial kitchen, ready for immediate operation. With a long and successful trading history, financial information is available to bona fide purchasers upon request.

PRICE: We are instructed to quote for the lease, goodwill, premises licence, fixture, and fittings £275,000 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: 6948C

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.