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
Net Turnover for year ending 31st August 2021 was £514,752 with a Gross Profit £380,088 GP% 73.84%
Net Profit £90,214

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 1st Jan 2005. RENT £82,000 P.A. (5 year reviews)
The landlord is happy to discuss a new lease on expiry of the current lease. Rent negotiable, current market rent believed to be around £60,000 pa.
The Freehold is also available at an asking price of £885,000.

EPC RATING
Not required

BUSINESS RATES
£27,600 P.A. (Payable)