Restaurant/cafe for sale in Preston Road, Brighton BN1

Single fronted shop is fitted and equipped to a very high standard, and has seen continuous investment in the fixture and fittings since the vendors bought the business 7 years ago. The business has seating for some 18 persons inside with seating for an additional 4 people outside. The kitchen has been equipped to a very high standard with stainless steel cladding throughout the cooking areas, full extraction to the roof, gas hob and a number of other high-quality trade fixtures and fittings. The premise also has the benefit of a yard area, which is ideal for storing the bins and has a WC with wash hand basin. The premise has also been well maintained, the electrics were updated and full safety inspection in June 2021 and there is also a gas safety certificate available, dated November 2022.

Turnover: The business is run under the personal supervision of the vendor with the assistance of 2/3 part time staff and 1 part time kitchen porter. Current Hours of Opening: 9:30am to 4:30pm – Thursday-Monday. We are informed that the business currently averages £1,500 per week. At present 80% of the turnover is from customer’s eating their food onsite. Considerable scope to increase both the trading hours, outside catering and delivery service.

Tenure: The entire premises are at present held on a full repairing and insuring lease, and the current rent passing is at £6,200 per annum, and has one year remaining. The landlord has agreed to grant a new 10-year lease with a rent review at year 5.

Rates: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value for the property is £4,000 per year. Prospective occupiers should make their own enquiries to verify same.

General remarks: This concern is well fitted to the trade with a valuable inventory of trade fixtures and fittings. Tremendous scope to increase opening hours to capture the early morning breakfast and/or evening trade. The business is assured of an excellent all year-round trade due to the many offices, local residents and shop workers that frequent the business. Points to Consider: Secure lease with very low rent.