Italian Restaurant for Sale in Eastbourne East Sussex with Spacious Fit-Out and Growth Potential
Eastbourne, East Sussex
- Status
FOR SALE
- Advert ID
655341
- Reference
SUS12495 / Rightbiz
- Call Agent:
- Leasehold: £99,950
- Turnover: £260,000 (£5,000 per week)
- Profit: Not Applicable
Business Details
Very well fitted & equipped town centre Italian Restaurant
Key features
- £5,000 average weekly turnover from just 5 trading days
- New 10-year lease granted 2023 at £20,000 p.a.
- Prime town centre location — high footfall year-round
- Spacious, purpose-built fit-out with outside forecourt seating
- Genuine retirement sale — owners returning to Italy
About this business
Major Sussex Town Centre Italian Restaurant trading just 5 days and crying out for younger enthusiastic hands to take business to a much higher level. Would actually suite any form of catering Cuisine.
Trading figures
We understand from our Client that sales have recently averaged £5,000 per week and from just 5 days trading, leaving the way open for normal trading days to increase present takings considerably.
Trading hours
Presently opening just 5 days a week from Tuesdays to Saturdays from 11:30 am to 3:00 pm and 5:30 pm to 10:00 pm. Not telling what could be achieved with introduction of longer days and opening hours, especially if taking full advantage of the busy trading location of this super Italian Restaurant, although this business could be ideal for any form of catering cuisine.
Business premises
Very spacious purpose built retail catering premises, presently trading as a busy popular Italian Restaurant although certainly suited to cater for any form of cuisine. Fitted and equipped throughout to a very high standard and would drawer your attention to the attached photographs, so as to truly appreciate the overall design and layout. Business incorporates many working and preparation areas plus ample storage facilities. Interior comprises an array of very uniquely styled tables & chairs, There is also limited outside seating on forecourt.
Trade equipment
Fully fitted and equipped to a very high standard to cater for any form of Restaurant and inclusive of a very large selection of cookers, ovens, hotplates, microwaves, fridges, freezers, oil fryers and a large selection of trade utensils. We understand all items of equipment are services on a regular basis.
Trading position
Situated heart of the town centre of this very popular South East England resort visited by thousands of holiday makers and tourist throughout the year. Easy access to the main A27 and A22 major routes and in easy travelling distances to Brighton & Hastings. Surrounding highly populated residential surrounding areas secure steady trading throughout the year plus close to well known pre Wimbledon tennis tournament which generates additional passing trade.
Special remarks
This is a genuine retirement sale as the owners now intend to return to Italy having built up this amazing Italian Restaurant over the last few years and now leaving the way for new more enthusiastic and energetic ownership. You should also not forget the amazing future potential to increase trade considerably, especial with the introduction of longer normal trading hours. This Restaurant would actually suite any form of cuisine.
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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.
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