Licensed Restaurant and Ice Cream Bar in East Sussex For Sale

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

Turnover £ 5,000
Price £80,000

Features

Licensed Restaurant & Ice Cream Bar

FORECOURT WITH SEATING FOR 40 PERSONS

BI-FOLD FRONTED PREMISES in the region of 200 ft² with lino floor, suspended ceiling with spotlights. BAR, EPOS till, cool display counter with refrigerated storage section, Ice Cream counter, under-counter fridge, 2 under-counter freezers. CCTV system (3 cameras)

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit. 2-pan deep fryer, grill, 2 under-counter freezers, oven, microwave, shelving

Office

Toilet with w.c. and wash hand basin.

Additional staff toilet

Basement used for storage and preperation purposes. Large ice cream freezer

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 65% approx. (20% ONLINE SALES)

Staff

The business is at present operated by 2 partners with 1 full time manager & 2 part time staff as required.

Trading Hours

7 Day week
MONDAY - SUNDAY inclusive 10 a.m - 7 p.m (later if required)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2019, no rent reviews at a current rent of £24,000 p.a.

Business Rates from April 2022 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote