Licensed Restaurant in East Sussex For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, EAST SUSSEX.

Turnover £ 6,000
Price £79,950

Features

Licensed Restaurant

FORECOURT in the region of 165 ft² WITH SEATING FOR 25 PERSONS

6 DAYS OPENING

5 STAR HYGIENE RATING

SINGLE FRONTED DOUBLE DOOR PREMISES in the region of 775 ft². woodstrip floor, suspended ceiling with LED lights. Tables and chairs providing seating for 30 persons. Coffee machine, 2 cool display counters with refrigerated storage section, cash register.

KITCHEN. Stainless steel extractor unit, 4-burner gas cooker, pasta boiler, 4-tier oven, dough mixer, deep fryer, fridge, 2 freezers, refrigerated making table, counter fridge, dishwasher.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Small Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx. (£1,000 per week via deliveries)

Staff

The business is at present operated by the vendor with 3 full time staff & 2 part time staff.

Trading Hours

6 Day week
MONDAY 5 p.m. - 9.30 p.m
TUESDAY - SATURDAY 10 a.m - 9.30 p.m

Accommodation

Accommodation available at additional rent.

Outside

Parking space for 1 car

Back shed

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £14,400 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote