West Sussex Attractive & Spacious Licensed Restaurant & Wine Bar For Sale

Business description

We understand the premises have a Full On Licence

SPACIOUS RESTAURANT with woodstrip floor plus rear section with quarry tiled floor. Wall & ceiling lighting. Tables and chairs providing seating for approximately 104 persons.

ADJOINING LARGE BAR AREA with quarry tiled floor. Tables and chairs for 30 persons plus ample standing area. LARGE BAR with 6 hand pumps, double door counter fridge, 2 single door counter fridges, 2 computerised tills, glasswasher.

Ladies' cloakroom with 2 w.c's and wash hand basin
Gentlemen's cloakroom with w.c. 2 urinals, wash hand basin

LARGE COMMERCIAL KITCHEN fully equipped including stainless steel extractor unit, 6-burner gas cooker, solid top oven, double deep fryer, charcoal grill, 1 double door stainless steel counter fridge, 1 3-door stainless steel counter fridge, 1 stainless steel single door counter fridge, 1 single door stainless steel deep freeze, double sink and drainer, dishwasher etc.

First floor storeroom with 5 fridges plus 1 chest deep freeze

Property information

Property:

Leasehold

Lease terms:

The premises are held on 2 separate leases. The restaurant area with accommodation over is held on a lease for a period of 9 years from September, 2009 at a current rental of £25,143 p.a. exclusive of rates up to September, 2012, with rent to be agreed thereafter.

The Bar area we understand is held on a separate lease also having 9 years unexpired from September, 2009 at a current rental of £15,700 p.a. exclusive of rates up to September, 2012, with rent to be agreed thereafter.

Uniform Business Rates: £11,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

Situated on the first floor - Large Office Private kitchen (would need fitting) Room ideal for a bathroom Second floor, which does require some redecoration comprises: 2 Double Bedrooms plus 1 single bedroom

Location:

Situated in a parade, excellent main road trading position, WEST SUSSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages in the region of £9,000 p.w. in our opinion offering further potential to increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE TWO LEASES, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 12 noon - 2 p.m. & 4.45 p.m. - 10.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for Sunday opening, if desired.

Employees:

At present operated by 2 brothers, 1 of whom is a chef whilst the other is front of house. Kitchen area 1 sui chef employed ful time plus 3 part time kitchen staff. Restaurant area maximum of 4 part time waitresses/waiters at any one time. Bar area 3 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance