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HIGHLY SUCCESSFUL RESTAURANT AND PRIVATE MEMBERS CLUB OFFERED ON A NEW 10 YEAR PRIVATE ‘FREE OF TIE’ LEASE, LOCATED IN THE SEASIDE RESORT TOWN OF LITTLEHAMPTON, WEST SUSSEX

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  • Imposing and substantial property situated in the prime location of Littlehampton.
  • Good sized and versatile Restaurant (circa 80+ covers), inviting Reception/Lounge Area (circa 10+) and a multi-function Private Members Club Room (circa 70+).
  • Fully Equipped Commercial Catering Kitchen.
  • Modernised and refurbished throughout with no expense spared.
  • Delightful enclosed Beer Garden (circa 100+).
  • Patron's Car Park for circa 10+ cars.
  • Advised current turnover circa £500,000 (incl. VAT).
  • Trade derived from circa 50% wet and 50% food sales. Undoubted potential for catering/events orientated operators.
  • Offered on a NEW PRIVATE FREE-OF-TIE 10 YEAR LEASE.
  • Available for the 1st time in almost 40 years.
AN OUTSTANDING OPPORTUNITY TO PROCURE A HIGHLY PROFITABLE BUSINESS WITH AN EXTREMELY SOLID AND WELL ESTABLISHED TRADING FOUNDATION

ASKING PRICE £150,000 ‘FREE OF TIE’ LEASE TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

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 and substantial property occupies an easy accessible trading position.

Main entrance at the front leading into the lobby with access into the Restaurant and the Private Members Club.

Restaurant (circa 80+ covers) is a very good sized versatile room exuding an inviting and relaxing dining atmosphere and is extremely well furnished with an excellent range of loose polished tables and leather padded chairs. Double glazed French style double opening doors giving access to the Beer Garden and sliding partitioning doors leading through to the Private Members Club.

There is also a comfortable Reception/Lounge Area (circa 10+) being furnished with loose polished tables and leather chairs, there is also a feature return bar servery having a solid polished counter with a back fitting and shelving.

Private Member Club Room (circa 70+) is a good sized multi-functional room ideal for a variety of events including wakes, private parties and meetings etc. There is a feature return bar servery with a solid polished marble counter having a mirrored back fitting with trade optics and refrigerated bottle coolers (not tested). The room is well furnished with a good range of solid polished tables and a mix of upholstered chairs. There is also a solid oak dance floor, a pool table with lighting over and a darts throw. Double glazed French style double opening doors to the Beer Garden.

Catering facilities include a good sized fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a walk-in chiller.

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

Office

Ladies and Gents W.C.s

OWNERS ACCOMMODATION

There is the possibility of a 1 bedroomed self-contained flat being available for rent by separate negotiation.

EXTERNAL

There is a good sized enclosed lawned Beer Garden (circa 100) at the rear with lovely well stocked beds and borders, matures trees and bushes. The garden is extremely well furnished with an excellent range of garden furniture; there is also a paved terrace and several paved patio areas and a covered designated smoking area. Patron’s car parking facilities for circa 10+ cars.

TRADING HOURS

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 - 10.00am - 02.00am

The current opening hours are as follows:

Monday - Sunday - Midday - 2.30pm & 7.00pm - 11.00pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

THE BUSINESS

Our vendor clients operate this highly successful business on full time basis with the assistance of 8 full time and 6 part time members of staff. Trade is currently derived from circa 50% wet and 50% food sales and whilst emulating the current business model; there is still tremendous potential for a new full time hands-on owner operator partnership with previous experience of running a catering/events orientated operation enabling them to take this business to the next level by exploiting the obvious food and functions potential that is to be found here. There are many additional 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.

Advised current turnover is circa £500,000+ (incl. VAT). This thriving inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators to achieve a turnover well in excess of £600,000+ (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 and can be contacted on 07970 213549.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

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