Pub for sale

WEST SUSSEX

£150,000

Property Description

Full description

Tenure: Leasehold

REF: 8209 LEASEHOLD


AN OUTSTANDING AND IMPRESSIVE RIVERSIDE RESTAURANT AND BAR OFFERED ON A PRIVATE 'FREE OF TIE' LEASE, LOCATED IN THE SOUGHT AFTER SEASIDE RESORT TOWN OF LITTLEHAMPTON, WEST SUSSEX

Prominent and well positioned business situated in the desirable and prime location of Littlehampton.

Welcoming and relaxing and versatile Restaurant and Bar (circa 150).

Well-equipped Commercial Catering Kitchen.

Presented in excellent decorative order having been refurbished and modernised throughout with no expense spared.

Advised current turnover circa £450,000 (incl. VAT).

Trade derived from circa 75% wet sales and 25% food sales. Undoubted potential for catering/event orientated operators

Private FREE-OF-TIE renewable lease with a favourable rent.

IDEAL FIRST TIME BUY.

AN EXCITING OPPORTUNITY TO ACQUIRE THIS SUPERB BUSINESS PROPOSITION OFFERING TREMENDOUS GROWTH POTENTIAL

LOCATION
This superb business is located in the seaside resort town of Littlehampton. Located within the M23/A23 corridor having excellent road communications providing easy access to the M23, M25, M27 and M3 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. The seaside town of Littlehampton is also within the catchment area of many similar affluent villages and towns in addition to being situated close to Chichester, Arundel and the coastal resorts of Worthing, Brighton, Hove and Bognor Regis and is also approximately only 20 minutes from the Goodwood Racecourse making this superb inn ideally situated to attract trade from these nearby surrounding towns and villages. A compelling business opportunity.

THE PROPERTY
This impressive property occupies a prominent and busy trading position close to the river receiving excellent levels of footfall and passing trade.

Main entrance at the front (from the riverside walkway) leading into the lobby with access into the Restaurant and Bar.

Restaurant and Bar (circa 150) being of a very good size, providing an inviting and relaxing ambience and offers versatile and multi-functional usage; ideal for a variety of events including weddings, private parties, live bands and shows etc. and is presented in excellent decorative order.

There is a feature return bar servery with a polished Italian tiled counter and a back fitting with trade optics and refrigerated bottle coolers (not tested).

The room is extremely well furnished with an excellent range of glass tables, solid oak tables, leather chairs, fixed comfortable upholstered perimeter seating and bar chairs.

This is a modern contemporary room exuding a wonderful stylish and welcoming ambience, furnished to the highest levels of quality.

Catering facilities include a well-equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Ground Floor Cellar with delivery access, pumps, pythons x2, post mix and cooler.

Ladies and Gents W.C.s.

EXTERNAL
There is a riverside brick paved terrace (circa 50) with timber pergola over and is furnished with timber picnic benches. Private parking facilities for 2 cars.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday - Sunday - 11.00am - 11.00pm

The current opening hours are as above.

NB. Important. Prospective purchasers wishing to continue to operate this restaurant and bar should ensure that they gain the APLH Qualification in readiness for their intended operation of this business.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 7½ years remaining of the private Free of Tie full repairing and insuring agreement. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954.

We are informed that the rent is currently ONLY £20,000 per annum.

We are advised that the inn benefits from all mains services (no services seen or tested).

Business rates payable are advised as currently being circa £9,000 per annum.

THE BUSINESS
Our vendor clients, in situ since 2011, operate this well established and successful business as a 'husband and wife' team on a full time basis with the assistance of 1 full time and 4/5 part time members of staff.
Trade is currently derived from circa 75% wet sales and 25% food sales, thereby providing massive scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to take this business to the next level by exploiting the food and functions potential that is to be found here. There are many areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for weddings, private parties, wakes and functions etc. There is also immense potential due to the high level of footfall and passing trade emanating from the exceptionally busy trading position; to facilitate early opening hours and to provide coffee and breakfast etc. which would have an incredible positive impact on the turnover and profits. This is truly an exciting business opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City.
Advised current turnover circa £450,000 (incl. VAT). This delightful restaurant and bar is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve a turnover well in excess of £550,000 (incl. VAT).

Accounting information will be made available to interested parties after viewing.

This business was viewed by Martin McConnell who would be delighted to discuss further details.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.


Energy Performance Certificates (EPCs)

Nearest stations

  • Littlehampton (0.2 mi)
  • Ford (2.2 mi)
  • Angmering (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Littlehampton (0.2 mi)
  • Ford (2.2 mi)
  • Angmering (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 8209. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited , National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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