Leasehold Mexican Restaurant For Sale

Business description

Bag a Business is delighted to offer to the market this award wining restaurant, in East Sussex, which has built up an enviable reputation throughout the area for its excellent customer service. The business was established in 1983 and has been under the proud ownership of our client since 2006, during which time it has undergone a complete refurbishment programme, whilst retaining its unique wild west feel. It is now only being placed on the market due to our client's ill health. The restaurant is run with the help of a dedicated team of 15 members of staff, resulting in an average weekly wage bill of £3,000. Currently the business generates a healthy turnover in the region of £12,000 per week, which is derived from a Tex-Mex menu regarded as one of the best available. The 140 cover restaurant enjoys an excellent local reputation and is renowned for its good quality and value for money, as well as being a great party venue. We feel that this is an opportunity where trade and profits should only increase due to nearby developments. Early viewing is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 13 years
Remaining length: 11 years
Review every: 4 years
Rent: £26,000 per annum

Living accommodation:

ACCOMMODATION DETAILS Extremely well presented, refurbished four storey premises with lift to all restaurant levels. Briefly comprising: GROUND FLOOR Main restaurant and bar area LOWER GROUND FLOOR Comprehensively fitted catering kitchen with an array of appliances and air extraction facilities Store Cellar Ladies' W/Cs Gents' W/Cs FIRST FLOOR First floor dining area SECOND FLOOR Second floor dining area

Location:

This thriving Mexican restaurant is situated on an extremely busy street, which links the sea front with the heart of Brighton's town centre. It is just yards from the proposed site for the new Brighton Eye, which is set to increase footfall even further. There is a wealth of complementary shops and businesses close by, as well as ample on and off-street car parking. The business draws its trade from the densely populated surrounding area and from the eight million holidaymakers who flock to Brighton, a popular resort which attracts visitors all year round. It is famed for its nightlife having 400 pubs and many nightclubs. There are also live music venues including the Brighton Centre and the Brighton Dome. Brighton enjoys excellent transport links with a regular rail service to London and beyond and good road links with the A23, which becomes the M23 and connects with the M25 motorway.

Other information

Trading hours:

7 days a week: 12.00pm - 12.00am

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.