East Sussex casual dining restaurant comes to the market through Christie & Co
Casual dining restaurant, The Devil in Rye, in the coastal town of Rye, East Sussex, has been brought to the market through specialist business property adviser, Christie & Co.
The two storey property comprises an open plan restaurant area with seating for 55 covers, which extends from the bohemian style dining room out into the glass walled conservatory, a fully equipped commercial kitchen and a charming garden for al fresco dining in the summer months.
Situated in the heart of the popular tourist town, the restaurant sits in a prominent position on the High Street, at the foot of the historic 14th century Rye Monastery, and is easily accessible just a short walk from the harbour.
The Devil in Rye has a good reputation, offering all day dining and boasting a varied menu which features fresh, local produce, including seafood and meat dishes, homemade cakes and speciality teas and coffees.
The current owners, Dev and Emma Biswal, have owned and operated the restaurant since 2011, building it into a successful business, having previously been closed for two years prior to them taking the reins. Dev and Emma are now looking to focus on their other business interests and expansion in the Canterbury area.
James Hughes, Senior Business Agent at Christie & Co’s Maidstone office is handling the sale and comments, “The Devil in Rye represents an ideal opportunity to purchase a well-established business, which enjoys year round trade with consistent levels of turnover and maintains the potential to further grow the delivery side of the business.
“Due to the popularity of the East Sussex coast, the area sees plenty of tourist footfall and the restaurant is in the perfect position to capture this trade, as well as maintaining local custom.”
An asking price of £69,950 is being sought for the leasehold interest of The Devil in Rye, with an annual rent of £25,000.