Licensed Restaurant Coffee Shop In Eastbourne For Sale

Business description

Attractive business in excellent trading position. 26 covers + tables outside. Current T/O £2,500pw opening M-Sat 12am-3.00pm with menu served 12-2pm & 5.45-9.45pm (11.00pm Fri & Sat) in the evenings. Secure renewable lease to 2020, rent £15,000pa. Established 20+yrs, current owner moving abroad.

Property information

Property:

Leasehold

Lease terms:

The property is being offered for sale with a new secure renewable lease expiring in December 2020 at a current of £15,000 per annum with 4yearly rent reviews.

Leasehold rent:

£15,000 per annum

Location:

This busy, easily run & profitable business is located in an excellent trading position in the sought-after seaside town of Eastbourne in East Sussex. Eastbourne is a busy holiday and conference town attracting some 350,000+ overnight visitors each year.

Major events include the International Tennis tournament and Airbourne, a four-day air-show centred on the sea front. With an ever growing resident population and an attractive new marina, the town attracts strong year-round trade.

Situated close to the main shopping district, the restaurant is also located near to the main theatres and very well positioned to serve the local business community, being near to a host of accountants and solicitors practices, as well as various other offices and shops.

Premises details:

The property has an attractive eye-catching fascia nameboard, sign written sun-awning and large sign-written main window with side entrance door.

Inside the Restaurant is very attractively decorated and furnished with a high 'beamed' ceiling with ceiling fans, effective spot lights & uplighters, combined with a calming neutral decor. It is furnished and equipped to seat 26 inside with room for a further 3 or 4 small tables outside during the summer months. The restaurant is also furnished with window blinds, pictures and stereo system, etc.

At one end there is a Large Bar/Serving Area equipped with a Cimbali capuccino coffee machine, large upright drinks fridge, under-counter fridge, wash-up sink, electronic cash register, glass racking and a built-in wine storage area overhead.

There is also a Cloakroom Area and Ladies & Gents WCs which are both fully tiled and equipped with wash hand basins and electric hand driers, etc.

The catering Kitchen has tiled walls and is well equipped with a large stainless steel refrigerator, stainless steel heated cupboard, grill, 4 burner range & further 2 burner range, extraction hood, electric oven, pasta cooker, a commercial microwave oven, hand wash sink, commercial dishwasher, stainless steel sink and drainer, extraction fan unit, stainless steel counter fridge with sunken top, storage shelving etc, and there is a Large Basement with lino flooring with an upright and a chest freezer, lots of shelving for dry goods and cold drinks, and a further Wine/Beer Storage Area. Doors from both the cloakroom area and kitchen lead out into a Rear Yard for bin storage, staff WC and rear access gate.

Business Operation

Expansion potential:

could open longer hours and change cuisine

Trading hours:

Currently the business trades from 12am to 3.00pm and 5.30pm to 11.00pm (last orders 10.00pm) Monday to Saturday serving coffee, sandwiches & light snacks, etc, with main meals being served between 12.00midday - 2.00pm and from 5.45pm - 9.45pm Monday to Thursday, with 10.30pm closing on Friday and Saturday, being CLOSED SUNDAYS

Employees:

operated by the owner and his partner with the help of part time staff at weekends.

Years established:

23