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Restaurant/cafe for sale

£44,995

129 Seaside, Eastbourne BN22

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Property 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%.

What Zoopla users think of Eastbourne

Overall rating:

  • currently 4 stars
Very good - 79% (208 ratings)

Ratings breakdown:

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Community & safety
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Nearby transport

  • Eastbourne (0.7 miles)
  • Hampden Park (Sussex) (1.7 miles)
  • Pevensey & Westham (3.2 miles)
  • Shoreham Airport (26.3 miles)
  • Lydd Airport (30.8 miles)
  • London Gatwick Airport (33.5 miles)
  • Newhaven Harbour Ferry Terminal (10.6 miles)
  • Folkestone Eurotunnel Terminal (42.2 miles)
  • Gravesend Pier (46.6 miles)

Nearby schools

View all schools in Eastbourne
  • Bourne Primary School (0.2 miles)
  • Roselands Infants' School (0.4 miles)
  • Stafford Junior School (0.7 miles)
  • Eastbourne College (1.1 miles)
  • Sussex Downs College (1.5 miles)
  • Bede's Senior School (7.6 miles)
  • Anderida Learning Centre (0.2 miles)
  • Gildredge House (1.2 miles)
  • The Cavendish School (1.6 miles)
Note: Distances are straight line measurements

Local info for Eastbourne

About the neighbours in BN22

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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