Business for Sale in England: West Sussex - RESTAURANT & 2-BEDROOM FLAT ON THE SUSSEX COAST - Leasehold: £80,000

Key Information

Ref
R32469T
Type
Catering Businesses: Restaurants
Location
England: West Sussex
Tenure
Leasehold
Status
Sold
Accomodation
2 Bedrooms
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This eye-catching property occupies a prominent corner position in an area to the west of Worthing town centre renowned for its wide selection of eateries and just a short walk from the popular seafront. Located 10 miles to the west of Brighton and 18 miles east of Chichester, Worthing is a thriving coastal town with a growing population and excellent transport links including direct rail services to London.

The licensed restaurant has a main dining area of approximately 500 sqft with seating for 48. There is a built in bar, ladies & gents toilets and a well appointed kitchen to the rear of the property. Internal stairs lead to a two-bedroom flat, currently tenanted by a member of staff, which includes a bright and spacious lounge and a large kitchen.

With a warm and attractive décor, the restaurant offers quality authentic Tex-Mex food in a friendly and relaxed environment. Currently trading 6 days a week, this successful business has been in the same hands for 26 years, and remains one of the area’s most popular restaurants as reflected in many outstanding reviews on Tripadvisor along with a certificate of excellence award and a position in Worthing’s top 5 restaurants.

This is a profitable business with total sales for the year ended 31st March 2016 of £433,284 (incl vat). However, new owners might see the potential to further increase income by developing takeaway sales which currently account for less than 10% of the overall takings. Other opportunities include the introduction of Monday trading along with increased marketing and promotion particularly aimed at private parties and functions.

The owners are still very actively involved with the restaurant but are now reluctantly forced to sell the business due to ill health. However, they are keen that the restaurant should continue to go from strength to strength and are willing to offer advice, training and assistance to new owners to ensure a smooth transition following the sale.

Ref: R32469T LEASEHOLD £80,000

Full sales details available at www.emfgroup.com


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