Licensed Fish Restaurant in West Sussex For Sale

Situated in a Parade, excellent trading position, residential and commercial area, West Sussex.

Turnover £ 9,000
Price £150,000

Features

Renowned Licensed Fish Restaurant

6 DAYS OPENING

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 2,125 ft², Wood effect 'Karndean' flooring, plasterboard ceining with pendant and spot lights.

Customer waiting area.

Tables and chairs seating 72 covers.

Bar - EPOS cash register, 2 beer pumps, under fridges, coffee machine (2 group), grinder, knockout drawer, wash hand basin, microwave, etc.

Ladies cloakroom with toilet and what hand basin.
Gentleman's cloakroom with toilet and what hand basin.
Disabled cloakroom with toilet and what hand basin.

Separate Kitchen - stainless steel extractor, 6 ring hob, gas grill, Rationale oven, 3 pan fish and chips range, chip dump, 2 microwaves, 2 undercounter fridges, dishwasher, chest freezer, fish fridge, potato peeler, chipper, ice machine, stainless steel table, double sink and drainer, single sink, etc.

Dry store.

Walkin coldroom.
Walkin freezer.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 5 full time staff (3 chefs) and 1 part time staff.

We are informed the wage bill averages £2,800 p.w. approx.

Trading Hours

6 Day week
TUESDAY - FRIDAY 12 noon - 9 p.m.
SATURDAY 12 noon - 10 p.m.
SUNDAY 12 noon - 5 p.m.
CLOSED MONDAY

Outside

Bin store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £30,000 p.a.

Business Rates from April 2025 £6,200 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote