Reputable Chinese and English Restaurant in Eastbourne

Eastbourne, West Sussex
REF: R06548

Asking Price:
£50,000
Annual Turnover:
£300,000
Annual Net Profit:
TBC
REF: R06548

Overview

Tenure:
Leasehold
Established:
2016
  • High standard of renovation
  • Great reputation
  • Long lease guaranteed
  • Excellent service
  • Unique appeal in the town
  • Vast growth potential

This is a great opportunity to take ownership of a popular Eastbourne restaurant serving both Chinese and English cuisine.

 

Established in 2016, the restaurant is popular with locals and visitors alike and boasts a wide selection of dishes and a large seating area. As Eastbourne has just opened a new shopping mall, a higher influx of footfall has recently been attracted to the area. The restaurant is ideally located on the main street of the city centre, near to the bustling seafront.

 

Its prime location near the beach and quality food make this an exciting proposition with scope for further development.

Trading successfully for two years, this business is primarily a Chinese restaurant which also sells British cuisine such as steaks, fish dishes and all-day breakfast.

The restaurant’s excellent location makes it ideally situated to benefit from passing trade from beachgoers and tourists as well as local families and shoppers. The restaurant’s late opening times also have a great impact on trade.

Operating from a double-fronted terraced property, the premises itself has a high standard of renovation. In total, the restaurant can accommodate 75 diners, with tables and chairs both on the inside and on the outside. The fitted kitchen includes a six-burner gas cooker, fridges and freezers.

As there are no other restaurants in the area that offer both Chinese and British food, the business’s trade is not impacted by nearby competitors.

Ideally suited to an experienced catering professional, this business already has a great reputation which can be built upon should a new owner wish to make changes to increase annual turnover.

To increase local awareness of the business, any new owner could develop the business’s online presence with a website and an increase in social media activity.

As the business does not currently offer a delivery service, utilising third party food couriers such as Deliveroo or Just Eat would have a fantastic impact on the overall turnover. A new owner may also wish to explore outside catering options.

The current owner is willing to stay on for a transitional period of three months to provide the new proprietor with a complete handover

Loading...
  • Seaside town
  • Prime location
  • Close to local businesses
  • Situated in the town centre
  • Parking nearby
Rent
£21,000
Rates
£9,900
Lease Term
5
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
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

Refine

Miles
£
£
£
£