Gastropub for sale in Herne Bay Kent with function room and modern kitchen
Herne Bay, Kent
- Status
FOR SALE
- Advert ID
639559
- Reference
C1187 / Rightbiz
- Call Agent:
- Leasehold: £109,950
- Rent: £42,500 (£3,542 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
LEASEHOLD LIC. GASTROPUB RESTAURANT
LOCATION
In a semi rural position being surrounded by picturesque farmland this well established detached concern fronts the main road between Herne Bay and Canterbury drawing trade from a wide catchment area including Whitstable.
Business
This well established family run concern enjoys a tremendous reputation for its friendly atmosphere and traditional good food. The menu is mainly good value British Gastro pub fare. The premises are very spacious with some 64 covers in the main bar/restaurant area including a 20 cover area which can be sectioned off for small parties if required. To the rear of the property is a purpose built function room with a central dance floor which can seat 64 -100 and is used for all sorts of functions including weddings and wakes. Both the restaurant and function room are served by a large well equipped professional kitchen and prep/stores areas.
The current vendor has operated the business for the past 6 years and is now wanting to retire back to his country of origin.
Turnover
We are informed that the business takes £10,000 pwk @ 65% GP.
Staff
Vendor & wife plus 2 full time chefs & 1 Part time chef. Front of house they have 1 full time member of staff and 6 part timers.
Hours
12.00pm - 11.00pm Mon – Sat 12.00pm - 6.00pm Sun
Premises
Detached premises. Side entrance to Main Restaurant/Bar: with 64 plus covers, fireplace, fully equipped bar servery. Sep. Ladies and Gents: W.C 's. Hallway and separate entrance to Function Room Spacious room with central dance floor, Seating for 64 - 100, music system, Large projector screen, Bar servery fully fitted with beer pumps, Epos till system, Sep. Ladies and Gents: W.C 's. Spacious Commercial Kitchen: Fitted to a high standard with quality commercial equipment (full inventory available - all equipment owned with no outstanding leases/loans) large Prep/Wash Room: Cellar: Keg storage and refrigeration. OUTSIDE: Rear covered yard area with 2 washing machines & Tumble dryer. Fridge and dble door freezer. Drystore, racked and shelved. Wooden store (currently used as a staff room/gym. Enclosed Patio to rear plus Trade Garden to front with 32 covers. Car Park to side with parking for some 20 cars. Triple Garage with electric and water supply.
Living Accommodation
First Floor Flat with separate entrance from kitchen area and Side door from Car park. Comprising: Lounge/Diner: Recently installed fitted Kitchen: 3 Double Bedrooms: 1 large Single bedroom. Bathroom: full suite. GFCH. Double glazed throughout.
Tenure
15 year lease from Nov 2021. RENT £42,500 PA (3 year reviews)
Business Rates
£3,444 PA
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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 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.
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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.
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