Business for Sale in Chichester, England SUCCESSFUL SPANISH RESTAURANT IN CHICHESTER, WEST SUSSEX

Key Information

Reference

R35175T

Tenure

Leasehold

Status

For Sale

Region

England

Sector

Spanish Restaurants

Weekly Sales

£8,000.00 Inc. VAT

Accommodation

No

Business Information

Located on the eastern side of Chichester city centre, this atmospheric licensed restaurant was established in 2018 and has since benefitted from substantial investment including a new heating system and full refurbishment to a high standard throughout.

With a main dining area of approximately 800 sqft and seating for up to 60 customers, there is also a built-in bar and reception area, a well-equipped modern kitchen, ladies & gents toilets along with good storage facilities. Externally, there is an attractive terrace providing al fresco dining for an additional 18 customers and with potential for more.

This successful restaurant has built an excellent reputation with many positive online reviews. On Tripadvisor, it currently ranks inside the top ten restaurants in Chichester and won a Traveller’s Choice award in 2022. The business also holds a 5-star food hygiene rating.

With an attractive décor, the restaurant offers high-quality and authentic Spanish cuisine in a friendly and relaxed environment. Current trading hours are: Tuesday to Sunday 12.30pm – 3.30pm & 4.30pm – 9.00pm. Presently, there are 4 full-time members of staff together with additional part-time staff as required.

We are informed that sales are currently in the region of £7,500 – £8,000 per week. As reflected in the company’s financial accounts, this is already a profitable business but new owners might see potential to increase income further by extending the opening hours, trading 7 days a week and/or introducing a delivery service.

The premises are held on a new 20-year lease from August 2023 at a current annual rent of £17,000 (plus vat).

LEASEHOLD £99,500   REF: R35175T