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Advert Ref: R418

Restaurant And Coffee Shop In Tenterden For Sale

  • Tenterden, Kent
Asking price:
£150,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PRIME HIGH STREET LOCATION
CHARMING GRADE II LISTED PREMISES
90 COVERS
3 BED FLAT
POTENTIAL FOR EVENING TRADE
TURNOVER £10,000 PWK

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
£484,000 P.A. net of VAT @ 71% G.P.

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 2005. RENT £82,000 P.A. (5 year reviews)

EPC RATING
Not required

BUSINESS RATES
£25,000 P.A. (Payable 18/19)

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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