West Sussex Coast American Diner Restaurant And Home For Sale

Business description

Substantial 3 storey building that has been recently completely re-fitted and very well equipped & presented. Prime location on seafront with 48 covers + 25 on patio with sea views. Exceptional 2 bed home above recently refurbished, large basement, storage, prep, fully equipped kitchen & freezer room, customer WCs, wash-up room, etc. 20years remaining on renewable lease, rent only £17,000pa including flat. T/O average £3,500 to £4,000pw open 9am to 8.30pm daily (but licensed to 00:30hrs). Great potential to expand with promotion/advertising. Sale for personal reasons. Bargain price

Property information

Property:

Leasehold

Lease terms:

The property is held on a renewable lease with 20 years remaining at a current rent of £17,000 per annum with the next review in 2015 and 5-yearly thereafter.

Leasehold rent:

£17,000 per annum

Living accommodation:

Stairs lead up to the Living Accommodation currently arranged as follows: First Floor Large living room . Open plan Kitchen area with fitted base units, wall cupboards, ceramic hob, fitted oven, extraction hood, tile splashback etc. Shower room with WC, tiled washbasin and plumbing for washing machine Second Floor Master Bedroom Second Bedroom Family Shower room The living accommodation has been refurbished to a high standard with some detailing left to complete.

Location:

This newly renovated and superbly appointed American-themed licensed Diner Restaurant is located in a prime seafront location in a popular coastal town in West Sussex. It enjoys a prominent position less than 100 yards from the pier. Next door there is a cinema providing additional footfall and there is a good mix of complementary eating and drinking establishments in the immediate vicinity.

Premises details:

The premises occupy a three storey building dating from the 19th Century looking directly on the seafront. The extended frontage has a branded fascia display sign and full width folding semi-glazed doors allowing the restaurant to be open fronted in fine weather. The large paved patio area in front has brightly coloured sun umbrellas and seating for 25 covers providing views over the sea and the pier.

The air-conditioned interior provides seating for a further 45 covers and has been fitted out to a very high standard in a contemporary American style with a suspended ceiling, halogen downlighters, floor laid to quality black tile, wall murals and contemporary café style furniture.

At the rear of the restaurant a door leads to a passage with customer WCs including disabled facilities and a washing up room with commercial dishwasher and sink/drainer leading off. There is also access to the rear of the building for waste removal. Stairs lead down to a full size basement comprising freezer room, storage area and preparation kitchen.

Business Operation

Expansion potential:

can increase advertising

Reasons for selling:

unforeseen personal reasons

Trading hours:

Current opening hours are 9.00am – 9.30pm every day, although the licence permits trading until 00.30hrs or later by application to the local authority.

Employees:

The business is run by the owner together with his partner with the assistance of 6 full time and 3 part time staff.