ORIENTAL RESTAURANT & TAKEAWAY - Busy West Sussex Coastal Town

Price:

Leasehold - £39,995

Turnover:

Seller Ref:

SE001429

Location:

West Sussex

Business Type:

Food Service Businesses

See Other:

Chinese restaurants for sale in West Sussex
Chinese takeaways for sale in West Sussex
Restaurants for sale in West Sussex
Food service businesses for sale in West Sussex

Description:

THE BUSINESS:

Attractive lock-up restaurant in main High St parade of busy growing coastal town nr Brighton with easy parking nearby. Well fitted for 35 covers. T/O easily in excess of £3,000pw, good GPM, open Tu-Sun 6-11pm evenings only. Approximately 17 years remaining on secure renewable lease with current rent of £12,500pa. NB. 2 bed flat above could be available separately, rent £770pm. Fully equipped kitchen, recently re-wired. Established 23yrs. Could open longer hours and/or expand delveries (currently only approx 10%). Bargain at £39,995.

Location Details:

The property is situated in an excellent high street trading position in a bustling seaside/commercial coastal town in West Sussex, which is located approximately midway between Brighton and Worthing in West Sussex. A project to expand and upgrade the town with a number of projects including luxury riverside apartments and a 250-seat theatre and cinema has recently been completed, with further development underway and an increasing local population.

Lease Terms:

The premises are held on a secure renewable full repairing and insuring lease with approximately 17years to run and a current rent of £12,500 per annum.

Trading Hours:

Open Tu-Sun 6-11pm eves only