Authentic Licensed Restaurant in East Sussex For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, East Sussex.

Turnover £ 3,500
Price £150,000

Features

Authentic Vietnamese Licensed Restaurant

6 DAYS OPENING

DOUBLE BRICK RESTAURANT in the region of 668 ft² with vinyl floor, spot lights, bar area, drinks display fridge (glass fronted upright). Tables and chairs providing seating for 30 People, CCTV system (4 cameras).

Toilet with w.c. and wash hand basin.

First Floor in the region of 220 ft²

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), deep fryer (2 pan), 3 x fridge, 6 x freezer, 3 x microwave, dishwasher, double sink and drainer, 3 x stainless stee preparation table.

Basement, used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (30% via portals)

Staff

The business is at present operated by the Mother & Daughter team with the assistance of 5 part time staff.

Trading Hours

6 Day week
MONDAY, WEDNESDAY - THURSDAY & SUNDAY 12 noon - 9pm
FRIDAY & SATURDAY 12 noon - 10pm

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Bathroom with bath, w.c. and wash hand basin.

Outside

Court Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2013 with reviews every 5 years (next review 2028) at a current rent of £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

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