Popular Diner in East Sussex

Brighton, East Sussex
REF: 04998

Asking Price:
£180,000
Annual Turnover:
£350,000
Annual Net Profit:
£60,000
REF: 04998

Overview

Tenure:
Leasehold
Established:
1975
  • Established business with good reputation
  • Fantastic location in fashionable area
  • Huge growth potential
  • High turnover and good profit margins
  • Excellent premises in good condition

For sale here is a well-established diner and takeaway in Brighton offering no-frills home-cooked food to a huge range of customers.

This is a unique opportunity in terms of the business itself and also the timing of it coming up for sale.

Any potential buyer can pick up this business which already has a healthy and consistent turnover as well as a huge potential for growth due to a building development that has just been finished, which will bring an enormous captive market to the business.

The whole area has been redeveloped and features a beautifully paved road. The business has now been fully fitted out with a new roof, front cladding, modern furniture, energy-saving lightbulbs, an illuminated sign, and a new extractor fan.

The premises benefit from great customer footfall, with over 450 students living across the road, and a further 600 residents having just moved in.

Inside the new development, there are also offices and a dance studio, which attract over 50k visitors each year. This will provide plenty of passing custom for the new owner.

This a regular café/diner with a basic shopfront, that opens up to a service counter and customer waiting area. The rest of the premises is laid out with tables and chairs for customer dining, but is very clean and decorated to a good quality.

There is some outside seating at the front of the diner, and of course some kitchen areas and storage space in the basement.

The diner is open 24 hours a day and offers a delivery service throughout this time, including breakfast and night-time deliveries. This is seen by the local population as a unique service and hence the business has built a friendly and popular reputation as a much-loved resource in the community.

The business has a strong customer base from night workers, students, clubbers, taxi drivers, lorry drivers and local residents. Food can be eaten in or taken away. There is a Facebook page for the diner and it is featured favourably on several websites advertising local cafes in the Brighton area.

The current owner has valued the business with the fantastic opportunities to be gained from the upcoming student apartment development in mind.

While the business has been established for over 40 years, it is still seeing development potential, not just in the huge increase in customer base it will soon be experiencing, but also in possibly exploring more modern menu options to fit in with younger lifestyles.

There is also the potential to modernise the premises and improve the online presence of the business.

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  • Located in Brighton
  • 450 new student living accommodation opposite
  • Newly developed area
Rent
£15,000
Rates
£0
Lease Term
15 Years
Lease Expiry
6 Years Remaining
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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