Business for Sale in West Sussex IMPRESSIVE BISTRO RESTAURANT IN SHOREHAM-BY-SEA, WEST SUSSEX

Key Information

Reference

R34499T

Tenure

Leasehold

Status

Sold

Region

West Sussex

Sector

Restaurants

Accommodation

No

Business Information

Chambers Bistro is located in the heart of Shoreham-by-Sea, a popular and thriving coastal town in West Sussex. A rapidly developing area, Shoreham has its own Arts & Entertainment Centre which is only a short walk from the restaurant. Certainly, the town benefits from its close proximity to Brighton and its excellent transport links including a mainline railway station with direct services to London Victoria in just 75 minutes.

The impressive building was once the town hall and still retains plenty of character. The restaurant occupies the ground floor of approximately 2000 sqft with spacious customer seating area and separate bar along with very well-equipped kitchen. Including a decked area to the rear for alfresco dining, there are a total of 76 covers with potential to increase if required. There is also a very useful basement storage area of 150 sqft.

Chambers Bistro was established in 2009 aiming to provide affordable and relaxed modern dining in an informal environment with a strong focus on customer care. The restaurant has since built an excellent reputation reflected in many positive online reviews. The business also holds a 5-star hygiene rating.

There is a mainly British menu with a European influence having hints of French, Italian and Spanish cuisine. With the success and popularity of the existing business, new owners could simply take over the restaurant and start earning from day one. At present, Chambers is open 5 days a week from Wednesday to Sunday and the owners do not work in the business - it is entirely staff run.

Accounts for the 3 financial years ended 31^st March 2020 show average Annual Sales of £596,048 and an average Net Profit of £73,854 (before tax, depreciation, bank charges/interest and motor expenses). With full-time working owner(s) operating under normal trading conditions, it is calculated that Net Profit could exceed £100,000 per annum.

This is a great opportunity to purchase a well-established profitable Bistro in a very appealing South Coast location. Being entirely staff-run at present, new owners have the flexibility to decide how much they wish to be involved in the business on a day-to-day basis and, clearly, there is great potential to increase profits further if they opt to work in the business themselves. Such a high-quality independent restaurant is rarely available and to fully appreciate this impressive property, viewing is highly recommended.

LEASEHOLD £155,000 REF: R34499T