Property Information
Address:
Eastbourne, East Sussex
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH526752
Property Ref/Agent: 13098-restaurant-in-tourist-location
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Central Eastbourne Restaurant. The business was established by our client in 2014, from which the property received a full refit and most of the equipment is new. The property has been completed to a very high standard.
The business is currently trading as Henry's Bistro, however, the business will be bought as Central Eastbourne Restaurant. Our client is looking to sell the business, due to the desire to focus on other business interests.
The restaurant has a popular menu, inspired from the Far East with a classic grill menu to an Asian inspired bistro menu. Due to the modern refit this property would suit any type of alternative menu.
The business generates an advised turnover of around 60,000 with a gross profit of 70%. This is a good turnover, which could be increased. We feel the new owner should look to expand opening hours, lunch times could help boost trade massively. A takeaway menu that could be advertised on JustEat, could also be a great asset to the restaurant.
The restaurant has 40 covers; this could be increased if the new owner was to look into changing the outside space at the rear of the property into outside dining. This would be great in the warmer summer months. The cellar that runs under the property could also be utilised more to benefit the business.
This is a ready to run restaurant business, perfect for a purchaser with a hands on approach; this restaurant is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 5 years
Remaining lease length: 2.5 years as of 2016.
Rent: 10,200 per annumHOURSThe business opening hours-
Monday: Closed
Tuesday - Thursday: 6:30pm - 8:30pm
Friday: 6:30pm - 9pm
Saturday: 6pm - 9:30pm
Sunday: ClosedSTAFFThe business is run and managed by our client, with the help of his wife, one full time kitchen staff and two part time waiting staff.FINANCIAL PROFILEThe business generates a turnover in the region of 60,000 per annum.
Gross profit 70%
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