Property Information
Address:
East Sussex For Sale With Nationwide Businesses
, East Susse
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH449628
Property Ref/Agent: R4432-Business for Sale
*Please use the agent ref when calling the agent directly.
Property description
Spacious Licensed Restaurant
Tapas Bar
Spacious double fronted Restaurant (the front can be fully opened in summer, weather permiiting).
At present Spanish cuisine
Full Gas Fired Central Heating
Attractive woodstrip floor, high ceiling, inset lighting, wall lighting plus 4 large mirrors to walls.
Quality tables (including some high tables) with chairs providing seating for 65 persons.
Attractive wooden bar with 5 high stools, mirrorbacked shelving, glass washer, sink, 1 3-door glass fronted counter fridge, 2 group coffee machine.
Attractive open staircase to first floor
Front room with woodstrip floor.
Tables and chairs providing seating for an additional 35 persons
Ladies' cloakroom with tiled floor, half tiled walls, 2 w.c's, wash hand basin
Gentlemen's cloakroom with tiled floor, half tiled walls, urinal, w.c. and wash hand basin
From the ground floor there are stairs to large basement providing spacious commercial kitchen.
Tiled floor. Dumb waiter from the kitchen to ground and first floor restaurant areas.
The kitchen is fully equipped including 2-6 burner gas cookers, double deep fryer, grill, stainless steel tables, griddle, fridge/freezer, 2 fridges, 6-pot bain marie, dishwasher, 2 deep freezes, fridge, walk-in coldroom etc.
Staff changing area
Staff w.c.
Wine Store
Turnover
WE ARE INFORMED the turnover currently averages 6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
Gross profit 65% approx.
Staff
The Restaurant is at present operated by a husband and wife team on a part time basis with the assistance of their son on a full time basis.
In addition in the kitchen area there is 1 full time chef plus 3 part time kitchen staff.
Restaurant area 4 part time staff.
Trading Hours
CLOSED MONDAYS
Tuesday - Sunday - 11 a.m. - 2.30 p.m.
5.30 p.m. - 10.30 p.m. with the exception of Friday
Saturday evenings when the business remains open until 11 p.m.
It will be appreciated upon inspection in our opinion there is potential to open on Monday, especially during the summer months.
Accommodation
The SPACIOUS living accommodation, which is completely SELF CONTAINED, and recently refurbished, comprises:
Second Floor
Large Lounge
Spacious Kitchen
Bathroom with bath, w.c. and wash hand basin
Third Floor
3 Bedrooms (2 doubles, 1 single)
Fourth Floor
Self contained Flat, comprising:
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge with kitchen area
We understand from the vendor there is potential for subletting the accommodation, which we are further advised should provide a rental income of approx. 20,000 p.a. should the accommodation not be required for private use.
Outside
Yard at rear
Tenure
We understand the premises are held on a secure renewable lease for a period of 12 years from December, 2012 at a rental of 30,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.
Uniform Business Rates:
11,000 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND IS NOW OFFERED FOR SALE AS THE VENDOR WISHES TO SEMI-RETIRE
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES
FITTINGS 129,000 plus STOCK AT VALUATION (4,000/5,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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