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Property Listing Details

Restaurant/cafe for sale

Seaside, Eastbourne BN22

£44,995

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Last 30 days: 32 page views

Since listed: 599 page views

Description

Business
Hilton Smythe welcomes to the market Bombay Stop. The takeaway was established in this busy location by our client in 1994. The owner is now looking to sell the shop, due to the desire to focus on other business interests.

The business runs as an authentic Indian takeaway, offering only the finest cuisine. The takeaway have an extensive menu, with a varied range of curries, side dishes, appetisers and cold drinks available. The business opens in the evenings 7 days a week, offering a free delivery service to the local area.

The business generated a turnover in the region of £80,000 as of the 2016 accounts, with a gross profit of 65%. This is a healthy turnover; however, we feel there is huge scope to increase this figure. The purchaser could look to extend opening hours, opening at lunch times and later into the evenings could allow for a generous amount of extra trade. To compliment this the buyer should look to advertise on more delivery sites such as HungryHouse. These are well-used sites that can allow for more custom.

Bombay Stop is situated in a prime trading location and boasts a generous sized property. There is scope to introduce a restaurant seating area, by switching the current layout. There is huge scope for the business and we feel the takeaway would be ideal as a bolt-on purchase or for a first-time buyer looking to run their own well-established takeaway.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Bombay Stop is located in Eastbourne, East Sussex.

The takeaway is set on a main high street surrounded by ample retail outlets. The location receives a generous amount of footfall and passing trade. Just off the main road are residential areas, from which the takeaway receives much of its trade.

Eastbourne is a popular seaside town, receiving high amounts of tourism each year. The town is one of the largest seaside resorts in Sussex, boasting a plethora of guest houses, hotels and self-catering bed and breakfasts. The town boasts several amusement centres, a pier, museums as well as having the highest chalk sea cliffs in Britain.

The takeaway is set on the A259 a main road that runs across the coast. Major a-roads A27 and A22 are a short drive away, these link to surrounding towns. Eastbourne is a popular destination with excellent public transport. There are bus stops a short walk away and the closest train station in a 5-minute car journey.

Premises
Bombay Stop boasts a well-signed retail premise on a main high street location. There are windows across the front, this allows for a bright interior.

On entry is the service counter this is a large 4.5meter fixed counter that runs across the shop. There is a seating area with four tub chairs for awaiting customers. Behind the counter is a till, card machine, Ben and Jerrys glass fronted ice cream freezer and a Coca Cola glass fronted fridge.

Through to the rear of the property is a fully-equipped kitchen. Kitchen equipment includes: -
Full length stainless steel extraction unit
Double length stainless steel pass over central unit
2 x stainless steel preparation tables
Fosters steel double fridge
4 x microwaves
Tandoori oven
Fryer
Warming cupboard
Eight ring gas oven
Stainless steel storage shelving
Hand wash sink

There is a rear storage room, this also doubles up as a preparation kitchen. Equipment includes: -
Boiler cupboard
Stainless steel preparation unit
Upright fridge
2 x large s steel prep sink
Pan store
Dry store shelving

At the back of the property is an external storage space. The storage area is a lean to, this has three chest freezers and fixed shelving. There is also a staff toilet and access to the alley way and bin storage.

Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 20 years.
Remaining lease length: 12 years as of 2017.
Rent: £10,000 per annum.

Hours
The business opening hours: -

Monday - Sunday: 5pm – 10pm

Staff
The business is run and managed by our client, with the help of three members of staff.

Financial Profile
The business generated a turnover in the region of £80,000 as of the 2016 accounts, with a gross profit of 65%.

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Bourne Primary School 0.2 miles
  • Roselands Infants' School 0.4 miles
  • Eastbourne 0.7 miles
  • Hampden Park (Sussex) 1.7 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information.