Leasehold Freehouse in Affluent Village near Tunbridge Wells, Kent for Sale
Tunbridge Wells, Kent
- Status
FOR SALE
- Advert ID
622386
- Reference
C1188 / Rightbiz
- Call Agent:
- Leasehold: £55,000
- Rent: £20,000
- Turnover: On request
- Net Profit: Not Applicable
Key Features
- Established Business
- Fully Fitted
- Accounts Available
- Attractive Business
Business Details
LEASEHOLD FREEHOUSE
AFFLUENT VILLAGE LOCATION - SAME HANDS 8 YEARS - FLATS MORE THAN COVER RENT - LOTS OF POTENTIAL
Location
Prominently situated in the centre of this charming village on the outskirts of Tunbridge Wells serving a well populated affluent residential area.
Business
In the current hands for some 8 years this well established concern currently trades as a local drinking establishment opening in the afternoons and evenings supplemented with income from amusement machines and a pool table and the excess flat rental income. There is potential in our opinion to introduce a coffee machine and light snacks with longer daytime hours to help increase turnover. There is also the possibility of utilising one of the flats upstairs as a kitchen (subject to p/p) to introduce wider food options.
Turnover
The business enjoys declared takings of around £80,000 pa @ 55% GP. (below VAT level)
It also collects around £800 pcm from the amusement machines and approx £9,000 - £10,000 pa from excess from the flat rental.
Staff
The business is currently run by the vendor with the help of one part timer.
Hours
4pm - 11.30pm Weds & Thurs 4pm - 12am Fri Sat & Mon 4pm - 11pm Sun Closed Tues
Premises
Victorian corner premises with two entrances to Main Bar. L shaped bar with tables and chairs to seat approx 20 with space for lots more. Darts board. Pool table. Electronic juke box. 2 amusement machines. 11 bar stools at main bar fitted with beer pumps. drink shelving and optics behind with Epos till system, 3 glass fronted display fridges, hand wash basin. Access to cellar. Sep Ladies & Gents toilets each with wash hand basins. 2 Store cupboards.
Outside: Rear patio garden area partly covered. Seating for 10-12. Stairs to first floor accommodation.
Living Accommodation
Accessed from rear garden via steel stairs to first floor and comprising: Studio flat sublet at £700 pcm. 1 bed flat sublet at £750 pcm. 2 bed flat sublet at £1,100 pcm
Tenure
Approx 6 years remaining on a 15 year lease. RENT -£20,000 PA (3 year reviews) The first floor flats are sublet producing an income of £30,600 pa.
EPC Rating
TBA
Business Rates
£1,320 PA Payable
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
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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.
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
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
Get Solicitor
