Restaurants for sale in Worthing

View the "SUCCESSFUL THAI RESTAURANT AND TAKE-AWAY BUSINESS FOR SALE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Leasehold Price: £100,000
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Business Description
An excellent opportunity to purchase a fully fitted and successfully trading Thai restaurant and take-away situated in Worthing, West Sussex. The restaurant, which serves a menu of authentic Thai dishes, is presented in excellent order having being refurbished throughout by the current occupiers within the last two years.

There is a good size restaurant area with bar and seating for approximately 26 covers, beyond which there are separate Ladies and Gents WCs and fully fitted kitchen to the rear. We are advised that there is also outside seating for a further 16 covers on the large forecourt frontage.

To the first floor there is a self-contained one bedroom flat which is currently occupied by the business owners on a separate Assured Shorthold Tenancy.

Externally, the property benefits from a rear yard with store rooms providing fridge/freezer space and dry good storage.

This is an excellent turnkey opportunity and viewing is strongly recommended.

LOCATION:
Worthing is the largest town in West Sussex with a resident urban population of approximately 100,000 people and a population of around 500,000 within a 13 mile catchment area. The premises are situated in a prominent location within a well-established parade on a busy arterial route approaching Worthing Mainline Railway station. The location offers excellent transport links to the surrounding areas and nearby occupiers include independent retailers, eateries and the Brooksteed Alehouse.

ACCOMMODATION:

Restaurant
Maximum width 15’3
Maximum depth 26’8
Approximate area 355 sq ft

Washing up/prep area 71 sq ft
Kitchen 88 sq ft
Ladies WC
Gents WC
Rear Yard and Stores

The first floor comprises a self-contained one bedroom flat which is unmeasured.

BUSINESS:

The restaurant has been trading for approximately two years after the current owners took occupation of the building and refurbished it throughout to a high standard of finish. The restaurant, which has quickly established a good reputation within the town, serves authentic Thai cuisine offering lunch, evening and take-away menus.

The restaurant opens six days a week during lunchtime hours of 12:00-2:30pm and from 5pm in the evenings, closing at 10:30pm. The business is operated by the current owners with the assistance of 3 full-time members of staff and 3 casual staff, although we would note that the full-time members of staff are unlikely to stay on after the sale.

The business shows a healthy and growing turnover in the region of £300,000 per annum with an approximate 50/50 split between eat-in and take-away orders. Full accounting information is available to serious applicants upon request.

TERMS:

Lease:
The commercial premises are held under the terms of a ten year lease from May 2014 at a rent of £7,648 per annum.

The first floor flat is let by way of a separate Assured Shorthold Tenancy at a rent of £580 pcm.

Premium:
Offers are invited at a Guide Price £100,000 for the business, goodwill and fixtures and fittings (full inventory to be agreed). Stock at valuation.

Legal Fees:
The in-coming tenant is to be responsible for the Landlord’s legal fees

RATES:
Rateable value £4,500.00
Rates payable £2,236.50
These figures are for information only and we would recommend any interested parties make their own enquiries. Businesses may also be entitled to some small Business Rate Relief, for further details please contact Worthing Borough Councils rates department on 01903 221061.

ENERGY PERFORMANCE CERTIFICATE:

The Energy Performance Asset rating for the property is F.

A copy of the EPC and accompany Recommendation Report is available upon request.
Tenure: Leasehold

Location Details:

Worthing is the largest town in West Sussex with a resident urban population of approximately 100,000 people and a population of around 500,000 within a 13 mile catchment area. The premises are situated in a prominent location within a well-established parade on a busy arterial route approaching Worthing Mainline Railway station. The location offers excellent transport links to the surrounding areas and nearby occupiers include independent retailers, eateries and the Brooksteed Alehouse.

Leasehold Term:

The commercial premises are held under the terms of a ten year lease from May 2014 at a rent of £7,648 per annum. The first floor flat is let by way of a separate Assured Shorthold Tenancy at a rent of £580 pcm.

Downloadable Documents

Listed by: Spratt and Son
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