Business for Sale in Worthing, West Sussex LONG-ESTABLISHED & SUCCESSFUL RESTAURANT

Key Information

Reference

R035172T

Tenure

Leasehold

Status

For Sale

Region

West Sussex

Sector

Restaurants

Accommodation

Yes

Business Information

This eye-catching RESTAURANT with ACCOMMODATION occupies a prominent corner position in an area to the west of WORTHING town centre renowned for its wide selection of eateries and only a short walk from the popular seafront. Located 10 miles to the west of Brighton and 18 miles east of Chichester, Worthing is a busy coastal town with a growing population and excellent transport links including direct rail services to London.

The licensed restaurant has a main dining area with seating for 48 customers, a built-in bar, ladies & gents toilets and a well-equipped kitchen to the rear of the property. Internal stairs lead to a two-bedroom flat which includes a bright, spacious lounge and was refurbished just 3 years ago with new carpeting and a newly fitted bathroom suite. The premises are held on a 20-year lease from Feb 2017 at a current annual rent of £15,000.

Currently trading 6 days a week (Tuesday – Sunday), this successful restaurant has been established for more than 30 years and remains a very popular eating destination. There are many positive online reviews and the business also holds a 5-star food hygiene rating. With a warm and attractive décor, the restaurant offers quality authentic Mexican & American food in a friendly and relaxed environment.

We are informed that sales vary between £3,000 – £7,000 per week according to the time of year. Already a profitable business, new owners might see the potential to increase income by further developing delivery sales which currently account for approximately 30% of the overall takings. Other opportunities include the introduction of Monday trading along with increased marketing and promotion particularly aimed towards private parties and functions.

The owner currently works full-time in the restaurant but must now reluctantly sell the business due to personal family circumstances. However, he is keen that the restaurant should continue to thrive and is willing to offer advice and assistance to new owners to ensure a smooth transition following the sale.

Leasehold £50,000 sav Ref: R035172T