Cafes for sale in Faversham

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Restaurant and Bar - Kent

Faversham, Kent, England

  • Leasehold Price: £29,999  Price Reduced arrow_drop_down
  • Annual Turnover: £127,000
Seller Reference: KBT46578
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: KBT46578
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Business Description
• Popular steak house and bar with 65 covers
• 128K per annum - Health Issues requires quick sale
• Densely populated residential and commercial area
• Excellent condition throughout, viewing recommended

Popular steak house & bar situated within a densely populated residential and commercial area in Kent. Highly visible outlet with good levels of regular and passing trade. Advised income c. £128,000 PA. Owner run. Excellent condition. Owners accommodation above. Viewing recommended. Leasehold. Ref: 46578

The Saddlers is a popular steak house and bar located in Faversham, which is a traditional market town in Kent. The surrounding area is densely populated with a mix of residential and other commercial outlets.

The business has an excellent trading position in the heart of the town and benefits from good signage. The restaurant has been fitted to a high standard and includes good quality fixtures and fittings throughout.

The Saddlers first opened as a coffee shop in 2011 by the current owners but due to an ever increasing number of tea rooms and coffee shops, they felt Faversham deserved an exciting new destination outlet.

As of January 2018, the business became Faversham's first steakhouse and bar which has been well received by not only the local area but also those further afield, such is the reputation for the quality of food served by the exceptional chefs.

The area in general is busy throughout the day with passing footfall and those using the market which is in the town three days a week.

Although the vast majority of the income generated each week comes from regular trade in the evenings and at weekends, there is also a busy lunchtime trade with most of the meat being supplied by the local butcher.

The business was refurbished in late 2017 as part of the change of direction and provides, what is now a well renowned restaurant with approx. 60 covers, arranged throughout the building over the first and second floors as well as outside.

The business is presented in excellent condition due to the total refurbishment prior to re-opening in early 2018.

In our opinion however, the business is still not traded to its full potential and therefore still offers tremendous, genuine growth.

Summary. This is a superb opportunity to purchase a destination restaurant which benefits from a regular and loyal customer base which is constantly growing.

An inspection is highly recommended to fully appreciate the location and overall business opportunity, which would ideally suit a hands on owner to maximize profits.
Tenure:
Leasehold
Is accommodation included?:
Yes
Listed by:
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