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Advert Ref: R418

Restaurant And Coffee Shop In Tenterden For Sale

  • Tenterden, Kent
Asking price:
£175,000
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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