Neighbourhood Bar/Bistro For Sale Leasehold

Brighton and Hove, East Sussex
Price: £ 39,500
business for sale
Seller Reference: Brighton, East Sussex
Asking Price: £39,500
Net Profit: £20,000
Sales Revenue: £76,000
Number of Staff: 5
Established For: 2  Years  9  Months
Ownership: Leasehold

Business Summary

The Swan was refurbished three years ago as a bar/bistro to serve the discerning customers of the original Regency Kemptown Estate, Brighton, which includes Sussex Square and Lewes crescent. It is presently decorated in a smart, ‘Bohemian’, relaxed style – see our website for plenty of images. This area of Brighton has no other bistro/restaurant dining within 10 minutes walk.

The main ground floor space measures approx. 9.5 x 7m with a dividing ‘chimney’ wall plus long bar. Covers = 50 currently with an additional 32 in the courtyard. Inside covers could easily be increased to 60 / 65 with a different configuration.

The kitchen measures a compact 3 x 3.5m with direct access to large cellar spaces – which cover the same area as the ground floor – that have potential for development as further prep / cooking areas.

Additional facilities include 2 unisex toilets (1 with full access for disabled); cloakroom; entry hall and huge cellar spaces. There are currently no wet lines in the bar but those could easily be reinstated if required.

Courtyard garden space measures approx. 9.5 x 5m with additional, raised deck 1.6 x 3m. Includes plenty of established planting (yuccas, ivys, cherry blossom tree and castor oil plants), small shed, wooden pergola and direct access to kitchen, main building and gate to pavement.

The business is presently licensed to serve alcohol:
Sun-Thurs 10am – 11pm
Fri 10am – midnight
Sat 9am – 1am.
The Premises License also allows for live and recorded music, theatre and film performances, and dancing within most of the above hours.

For the past year The Swan has been owner run (1 FOH, 1 kitchen) with minimal additional staff; open Wednesday to Saturday evenings plus Sunday daytimes and occasional Tuesday evening ‘Supper Club’ event nights. Turnover in that year was just below VAT threshold with GP in excess of 75% and net profit in the region of �20,000. There is enormous potential for extending operating hours, income and profit.

Price includes all fixtures, fittings and furniture (if required by buyer). Glassware and wet stock extra, as per stock-take at time of handover and buyer’s requirements.

The Swan is currently open and would ideally suit a Chef/Front Of House couple who want to run their own business with friendly (and affluent) locals who appreciate good quality and great service. As with any business there is scope for refurbishment and improvement, however you could just as easily walk in, hang up your coat and begin trading straight away.

Please see our website for further details of The Swan: www.swanbrighton.wordpress.com

Popular neighbourhood bar bistro with secluded courtyard garden in Brighton's original Regency Kemptown Estate Sussex square, Lewes crescent for sale. 13 years left on lease. Current rent £16,000 p/a. The Swan, Brighton, East Sussex....

Property Infomation

  Property: Leasehold
 
  Lease Terms: 16 year lease with 13 years remaining. Rent review in 1 year.
 
  Current Rent: £16,000 p/a
 
  Living Accommodation: No
 
  Details of Accommodation: None
 
  Location: Rock street, Brighton.
Close to Sussex Square, Lewes crescent and seafront terraces (original Regency Kemptown Estate).

Other Details

  There are no additional bistro / restaurant dining businesses within 10 minutes walk. Nearby businesses include smart pub (The Rock) opposite, popular Coffee Shop (Hudson & Bridges) around corner along with quality card and gift shop and florist.
The nearest dining businesses are in Kemptown Village or The Marina.