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Advert Ref: R418

Charming Lic. Cafe/Restaurant In Tenterden For Sale

  • Tenterden, Kent
Asking price:
£1,125,000
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) or Freehold

EPC Rating
Not required

Business rates
£25,000 P.A. (Payable)

Property:
Freehold

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

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