Licensed Restaurant in East Sussex For Sale

Situated in a parade, main road trading position, 2 minutes walk from the sea front, EAST SUSSEX

Turnover £ 3,000
Price £37,000

Features

Licensed Spanish & Mexican Restaurant

SINGLE FRONTED PREMISES in the region of 1,300 ft² with wood strip floor, ceiling with hanging lights. Bar, EPOS till. Tables and chairs providing seating for 30 People.

Kitchen stainless steel extractor unit, Gas 6-burner Cooker, oven, deep fryer (2 pan), salamander grill, 3 x fridge, 3 undercounter fridge, deep freeze, microwave, 3 stainless steel preparation table.

Preparation / Washing room, double sink and drainer, preparation table.

Toilet with w.c. and wash hand basin.

Basement in the region of 600 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (25% DELIVERIES)

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 12 noon - 10pm
SUNDAY 12 noon - 6pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2018 with reviews every 2 years (next review 2026) at a current rent of £12,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £37,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 18,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote