Restaurants for sale in Tenterden

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Licensed Restaurant in Tenterden, Kent

Tenterden, Kent, England

  • Leasehold Price: £150,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £10,000
Seller Reference: NB-R8535
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Business Description
 
 
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Seller Reference: NB-R8535
Request Details
Business Description
Nationwide brings to the market this SPACIOUS OLDE WORLDE LICENSED RESTAURANT. Excellent trading position, sought after KENT.

The business has been in the same hands for the past 18 year & there are genuine reasons for sale.

The spacious property is a Grade II listed building & we understand built in approximately 1470's

SPACIOUS GROUND FLOOR with wealth of oak beams. 3 separate restaurant areas, fully carpeted & with wealth of oak beams, ceiling with spotlighting. Tables & chairs for a total of 72 persons.

Stairs to FIRST FLOOR ADDITIONAL RESTAURANT AREA ideal for functions or private parties, fully carpeted & with tables & chairs providing seating for 22 persons.

GROUND FLOOR REAR PREPARATION SECTION with cool display serveover counter, coffee machine, 2 filter coffee machines, under-counter milk fridge, 2 glass fronted counter fridges.

Ladies' cloakroom with w.c. & 2 wash hand basins
Gentlemen's cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with non-slip floor. The equipment includes 1 6-burner gas cooker with double oven, griddle, 3 basket deep fryer, bain marie, hot cupboard, freestanding convection oven, 2 upright stainless steel fridges, 2 upright single door white deep freezers, 3 2-door stainless steel counter fridges.

WASH-UP AREA with dishwasher, single sink & drainer

Rear store area with 2 upright deep freezers, 1 ice cream deep freezer

Turnover : £10,000 p.w. in our opinion offering tremendous potential for further increase, especially with evening opening, if desired. We are further advised that the sales year ending 31st August, 2019 showed £499,711 with a gross profit of £365,462.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £150,000 (R8535)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
The SPACIOUS living accommodation with a wealth of oak beams, SECONDARY DOUBLE GLAZING & FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of £900 per month, however we understand that vacant possession can be given on completion, if required. The SPACIOUS accommodation comprises:

3 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Large Lounge with inglenook fireplace
Fully fitted kitchen
Listed by:
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