Prime Location Licensed Restaurant and Coffee Shop in Tenterden Kent for Sale
Tenterden, Kent
- Status
FOR SALE
- Date Submitted:
27/06/18
- Advert ID
223438
- Reference
R418 / Rightbiz
- Call Agent:
- Freehold: £885,000 (Stock at valuation)
- Leasehold: £50,000
- Rent: £82,000
- Turnover: £514,752 (£9,899 Per week)
- Net Profit: £90,214 (18% Profit margin)
Key Features
- Central Position in Affluent Village
- Established Business
- High Turnover
- Attractive Business
- Prime Location
- Price Reduced
- Accounts Available
Business Details
CHARMING LIC. RESTAURANT COFFEE SHOP
LOCATION
Prominently situated occupying a prime trading position in the high street of this prosperous Kent Town, drawing trade from over a wide catchment area. The business enjoys excellent all year round trade.
BUSINESS
This is a well established concern which has been in the present hands for 18 years and which is now only being marketed as a result of the Vendors wish to retire. Tremendous potential exists for longer opening hours, especially evenings.
TURNOVER
Net Turnover for year ending 31st August 2021 was £514,752 with a Gross Profit £380,088 GP% 73.84%. Net Profit £90,214
STAFF
8 full time 6 part time WAGES £130,000 P.A (Approx)
HOURS
9.00am - 5.00pm Mon to Sat (10.00am - 5.00pm Sun)
PREMISES
Imposing Grade II listed, corner premises with 2 sep. front entrances to Restaurant Area: Charming décor throughout featuring an abundance of original exposed wall and ceiling timbers and a delightful inglenook fireplace. 90 total Covers (Including first floor seating area.) Hallway: Sep Ladies and Gents W.C's. Baby Change Room: Wash up Area: st/stl sink, dishwasher. Kitchen: 6 burner range and oven, double fryer, griddle, grill, 4 commercial microwave ovens, under counter refrigeration, 3 upright chillers. Prep Area: st/stl sink, dishwasher, 3 upright chillers, chest freezer. Staff Room: Staff W.C. First Floor: Further Restaurant area: Second Floor: Office: Store Room: OUTSIDE: Parking for 1 car at rear. Delivery access.
LIVING ACCOMMODATION
Self Contained 3 bedroom Flat (Sublet producing £900 PCM)
TENURE
21 year lease from 1st Jan 2005. RENT £82,000 P.A. (5 year reviews)
The landlord is happy to discuss a new lease on expiry of the current lease. Rent negotiable, current market rent believed to be around £60,000 pa.
The Freehold is also available at an asking price of £885,000.
EPC RATING
Not required
BUSINESS RATES
£27,600 P.A. (Payable)
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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