Leasehold Cafe/Coffee Shop in Tunbridge Wells Kent - Huge Potential, Prime Location
Tunbridge Wells, Kent
- Status
FOR SALE
- Date Submitted:
24/05/22
- Advert ID
295883
- Reference
C1108 / Rightbiz
- Call Agent:
- Leasehold: £119,950 (Stock at valuation)
- Rent: £10,000
- Turnover: £234,000 (£4,500 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Price Reduced
- Established Business
- Fully Fitted
Business Details
LEASEHOLD CAFE COFFEE SHOP (A3 USE)
PRIME MAIN ROAD LOCATION - HUGE POTENTIAL FOR OUTSIDE CATERING - IMMACULATE PREMISES - WELL EQUIPPED - RENT FREE AFTER FLAT SUBLET
Location
Occupying a prominent trading position fronting a busy main road on the outskirts of Tunbridge Wells serving numerous offices, small businesses and serving a well populated residential area. The business enjoys a high level of passing trade. New homes are being built nearby which will provide a significant increase to trade in the long term.
Business
Well established having been in the present hands for 4.5 years and now only being marketed as a result of the vendors commuting difficulties. Tremendous potential exists for the introduction of delivery rounds, outside catering, function and event catering. Longer trading hours would improve turnover significantly.
Turnover
£4,500 PWK @ 65 % G.P.
Hours
7.00am - 4.00pm Mon – Sat
Closed - Sun
Premises
Double fronted premises with single entrance to: Cafe Area: Immaculately presented. 40 covers. Refrigerated serve over counter, new electronic till, 2 group espresso machine, boiler, drinks chiller. Kitchen: Large griddle, 6 burner range and oven, double fryer, panini grill, microwave oven, toaster, bain marie, full extractor canopy, under counter refrigeration. Store Room: 2 chest freezers, double upright chiller. Staff. W.C: and W/basin. OUTSIDE - Carpark to rear with 8 parking spaces.
Living Accommodation
Self contained 2 bedroom maisonette comprising: 2 Double Bedrooms: Lounge: Kitchen/Diner: Bathroom: Note: The premises benefit from replacement UPVC double glazing and gas fired central heating. The Maisonette is currently sublet on an assured shorthold tenancy producing £1,000 PCM.
Tenure
11 years remaining on original 15 year lease RENT: £10,000 P.A. (5 year reviews)
EPC Rating
Band D
Business Rates
Nil currently payable
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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.
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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.
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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.
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
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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