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Restaurant for sale

Seaside Road, Eastbourne, East Sussex, BN21

Sold STC £14,995
123 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,323 sq ft (123 sq m)

Key features

  • REF: 13098

Full description

Tenure: Leasehold

Central Eastbourne Restaurant is located in Eastbourne, East Sussex.

Eastbourne is a popular tourist town with its many attractions, Towner Art Gallery, Fort Fun, Rathfinny Wine Estate, Winter Gardens Theatre and The Llama Park are just a few. The town also has several beautiful beaches which are the main focus.

The area receives a large amount of footfall and passing trade, perfect for a popular restaurant business. This is a bustling location, with the Eastbourne Arndale Centre and the town centre just a short walk away.

The business is situated on a main road that runs through the centre of Eastbourne. This road heads up the coast into Folkestone where it then connects to the M20 motorway. The town has excellent road connections and great public transport. The town has its own train station and there are several bus stops dotted around, each with regular daily routes into surrounding towns.

Hilton Smythe welcomes to the market Central Eastbourne Restaurant. The business was established by our client in 2014, from which the property received a full refit and most of the equipment is new. The property has been completed to a very high standard.

The business is currently trading as Henry's Bistro, however, the business will be bought as Central Eastbourne Restaurant. Our client is looking to sell the business, due to the desire to emigrate to Thailand.

The restaurant has a popular menu, inspired from the Far East with a classic grill menu to an Asian inspired bistro menu. Due to the modern refit this property would suit any type of alternative menu.

The business generates an advised turnover of around 60,000 with a gross profit of 70%. This is a good turnover, which could be increased. We feel the new owner should look to expand opening hours, lunch times could help boost trade massively. A takeaway menu that could be advertised on JustEat, could also be a great asset to the restaurant.

The restaurant has 40 covers; this could be increased if the new owner was to look into changing the outside space at the rear of the property into outside dining. This would be great in the warmer summer months. The cellar that runs under the property could also be utilised more to benefit the business.

This is a ready to run restaurant business, perfect for a purchaser with a hands on approach; this restaurant is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Central Eastbourne Restaurant boasts a well-equipped, recently refurbished shop, set on a retail parade of stores. The property is presentable, this continues throughout. There is a large window at the front, allowing for a bright and airy retail space. There is wheelchair access.

Front Dining Area
The dining area is a great open plan space with laminate flooring and white walls. There are new tables and chairs. This is a flexible seating area which can be changed round for larger groups. There is a chalk board that runs from the front of the room to the back, this is used to promote specials.

The bar is to the left on entrance and is solid wood with the following equipment: -
Two arm Wega coffee machine
Ice machine
Glass washer
2 x glass fronted under counter drinks fridges
Cash register
Card machine
6 x speaker music system
Storage shelving
11 x optics

Rear Dining Area
Through to the rear of the property is another seating area, this is on a raised floor. Altogether the restaurant has 40 covers. The customer toilet is just off the rear seating area.

The kitchen is commercial and comes completed with stainless steel fixtures and fittings. The galley kitchen is between the two dining areas and is equipped with: -
New four door stainless steel refrigerator
Preparation unit
3 x stainless steel preparation tables
Stainless steel wall mounted shelves
Double electric oven
Six ring new gas oven
2 x 5 litre fryers
Hand wash sink
Stainless steel storage racking
Full length extraction unit
Upright Foster fridge
Foster upright freezer
Large dishwasher
Double stainless steel sink
New wall mounted combi boiler

From the kitchen there is access to the rear garden and cellar. The cellar has several different rooms, this is used for storage. This space could be transformed into accommodation or used as a rental opportunity.

The rear garden is currently unused and could be transformed into outside dining for the warmer summer months.

We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 5 years
Remaining lease length: 2.5 years as of 2016.
Rent: 10,200 per annum

The business opening hours-

Monday: Closed
Tuesday - Thursday: 6:30pm - 8:30pm
Friday: 6:30pm - 9pm
Saturday: 6pm - 9:30pm
Sunday: Closed

The business is run and managed by our client, with the help of his wife, one full time kitchen staff and two part time waiting staff.

The business generates a turnover in the region of 60,000 per annum.
Gross profit 70%

Map & Street View

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