Restaurant and Bar in East Sussex For Sale

Occupying a corner position, prominent pedestrianised trading position, residential area, near station, East Sussex.

Turnover £ 2,000
Price £85,000

Features

Café, Restaurant and Bar

Outside seating for 30 customers with patio heaters.

DOUBLE FRONTED PREMISES, in the region of 950 ft², Laminated (wood flooring), with spot and pendant lighting, cctv with 8 cameras.

Tables and chairs seating 25 people.

Bar with electric cash register, Coffee machine (2 group ), frother, grinder, undercounter fridges, glass washer, sink, juicer, beer pump, display chiller, dairy fridge, etc.

Dry store, wash hand basin, fridge / freezer.

Kitchen - Stainless steel extractor, oven, griddle, hob, 2 microwaves, double basket deep fat fryer, dishwasher, undercounter fridges, double sink and drainer, full height fridge, stainless steel preparation table, etc

Customer cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 2 full time staff and 1 part time staff.

Trading Hours

6 Day week
TUESDAY, WEDNESDAY 10 am - 9 pm
THURSDAY, FRIDAY, SATURDAY 10 am - 10 PM
SUNDAY 10- 6 pm.
CLOSED MONDAYS

We are advised there is potential and demand for longer opening hours.

Outside

Large shed with freezer, used for storage.

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 2021 with reviews every 5 years (next review 2026) at a current rent of £32,400 p.a.

Business Rates from April 2025 £6,275 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025 AND OFFERED FOR SALE DUE TO FAMILY COMMITMENTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote