Restaurant for sale

Latham's Brasserie, 63 George Street, Hastings, East Sussex, TN34 3EE

£120,000

Property Description

Commercial information

  • Business for sale

Key features

  • Located in Hastings Old Town
  • Annual turnover in excess of 320,000
  • 55 covers
  • Private landlord
  • Close proximity to the seafront
  • Owner's accommodation over two floors. Energy Rating D

Full description

Tenure: Leasehold

Description

Latham's Brasserie is a modern restaurant located in Hastings Old Town, a stone’s throw from the seafront.

Location

Hastings is a historic town and borough in the county of East Sussex, located 24 miles east of Lewes and 53 miles south east of London. Historically, Hastings can claim fame from the Battle of Hastings and later because it became one of the medieval Cinque Ports. It was, for centuries, an important fishing port and still has the largest beach-based fishing fleet in Europe. Other attractions include Hastings Castle and the recently reopened Hastings Pier which had been closed since 2010 following a fire.

The town has a good transport network - a mainline rail station with links to London, Brighton and Ashford and two major roads, the A21 and A259 as well as links to Ashford, Canterbury and the Isle of Thanet via the A28.

Internal Details

The trading area is split over two levels with a total of 55 covers. The main restaurant is located on the ground floor with a bar area, tables and chairs and a good sized commercial kitchen to the rear. Stairs to the first floor are located at the rear of the property which lead to an additional seating area with an arrangement of booths and chairs. This area could be used as a function room or for private dining. Ladies and gentlemen's toilets are also located on the first floor.

Fixtures & Fittings

All trade fixtures and fittings will be included in the sale and our clients will provide a trade inventory.

External Details

The restaurant is located on a busy street, a short distance from the seafront. There is a terraced area to the side off the first floor that is currently used as a storage area.

Owner's Accommodation

The first floor has a large double bedroom, bathroom, office space, separate toilet and changing area for staff. The second floor has two large double bedrooms, one with en suite bathroom, kitchen, large lounge/diner, bathroom and separate toilet. There is also a good sized garden to the rear with entrance via the kitchen.

The accommodation is currently set up as a three bedroom flat but could be split by levels offering a two bedroom flat and a studio flat.

The Opportunity

Latham's Brasserie has been under the current ownership for the past 13 years and has built up a good reputation among both the local and wider community. Tourism has increased with a mix of day trippers from London, the surrounding areas and overseas visitors. The restaurant attracts repeat custom and has the benefit of a loyal following. There is still room for further development by extending opening hours.

Staff

The business is currently run by the owner, together with a mixture of full and part time staff.

Trading Information

The business has an annual turnover in excess of £320,000. Full trading information will be made available to those seriously interested, following a formal viewing. Loan available via Christie Finance (subject to status). For further information, call 01622 656 000.

Trading Hours

The restaurant currently operates five days a week - Wednesday to Sunday from 12pm-10pm. The business currently closes for the month of January and only opens from Thursday to Sunday during the winter period.

Business Rates

The business rateable value is £7,700. The owner's accommodation is listed as Council Tax Band B - £1,347.78 for 2016/17.

Regulatory

Premises Licence and a Licence for outdoor dining to the front of the property.


More information from this agent

Nearest stations

  • Hastings (0.6 mi)
  • Ore (0.8 mi)
  • St Leonards Warrior Square (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Maidstone

Kestrel House Knightrider Street Maidstone ME15 6LU

01622 922113 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

  • Hastings (0.6 mi)
  • Ore (0.8 mi)
  • St Leonards Warrior Square (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Maidstone

Kestrel House Knightrider Street Maidstone ME15 6LU

01622 922113 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.

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