Long Established Cafe Restaurant In Brighton For Sale

Business description

This fully licenced cafe restaurant enjoys a prominent eye-catching corner unit 50 metres from the sea front, tourist sites and car parks. The Palace Pier and Brighton Pavillion are 5 minutes walk away. as such it draws a high footfall of visitor traffic and also convenient for local clientele.

Currently 28 covers inside and up to 24 outside on 6 tables. There is scope to re-develop internally to seat up to 70.

The Vendor owns the freehold and offers a new Lease, rent £28,000.00 per annum, (reduced from £32,000.00 for quick sale) terms to be agreed. Owner of 23 years selling to retire. Leasehold offers invited, £49,995.00 to include fixtures and fittings. Business rates are currently in the region of £10,300 per annum.

The owner chooses to operate the business on a very modest scale but it is felt and clearly evident because of its prime position it could achieve a higher turnover. Further financial details are available to bona fide applicants following an initial viewing and meeting with the owner.

Thanks to their enviable position in the heart of Brighton's retail and restaurant district, these premises present a superb opportunity to create a distinctive and profitable operation for the imaginative entrepreneur. As such they lend themselves to a wide range of cuisines, and with a professional approach there can be few finer locations in Brighton in which to build a successful catering business.

It has come to the Vendor's attention that Brighton and Hove City Council have plans to pedestrianise the whole of East Street in 2013. This will mean further seating available to Time Out outside.

Property information

Property:

Leasehold