Buy a business

Wonderfully Presented Restaurant in Seaside Town

Bognor Regis

Advert ref: 1026SPT

Business Partnership is pleased to have been appointed as sole selling agent in order to seek a purchaser for this very well positioned business.

Located in the very popular seaside town of Bognor Regis this business has been a restaurant / diner we think since the early 1900’s, being located only around 150 yards form the sea.

The business is currently set up to accommodate 40 covers inside with a further 10 covers available on the veranda. It is fully licensed to sell alcohol (subject to transfer to a new owner)

Our client serves traditional home-made British food which is very popular with the locals as well as visitors from far and wide. This small but very well presented restaurant is a must stop for anyone visiting Bognor, and although it has only been open a few years by the current owners it has fast become an important part of the community. 

Currently the business is operating on reduced hours so the potential to grow is quite literally huge.

We strongly urge any seriously interested buyer to view this business at the very earliest opportunity.

Key features:

  • Newly refurbished restaurant 
  • Ideally located
  • Realistic asking price
  • Opportunity to grow
  • A3 trading license 
  • License to serve alcohol

Property Details: Leasehold
Asking Price: £65,000 (Leasehold)
Lease Terms:

Leasehold – we understand that a fully renewable 9-year lease, which commenced in 2019, is in place for any purchaser at a rental of £12,000, per annum.

Support & training:
Our clients have assured us that they will affect an excellent handover on completion.

Costs:
Each party will be responsible for their own costs associated with the transaction and will be subject to Business Partnership terms and conditions.

Fixtures and fittings:
The business is very well equipped and fitted out to carry out its day-to-day trade with a full inventory of equipment to be supplied to seriously interested parties at the appropriate time

Wonderfully Presented Restaurant in Seaside Town   Bognor Regis

Financial Details

  • Leasehold: £65,000
  • Turnover: undisclosed
  • Net profit: undisclosed
  • Fixtures value: undisclosed
  • Stock value: undisclosed
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