LOCATION-LOCATION-LOCATION: one of the very best in UK! A TROPHY LOCATION SITE!
PLEASE READ ALL OF ADVERTISEMENT FIRST BEFORE ENQUIRING FURTHER!
INDICATIVE STARTING PRICE IS ONLY FOR A SMALL MINORITY SHARE ALTHOUGH ALL BUSINESS IS ALSO FOR SALE.
1,414 year old Cathedral, ( 2nd Oldest in UK with 1/3 M Visitors pa), to one side of up to 100 seat outside terrace, (under Japanese Blossom Trees); facing a 1,000 year old Castle and a 2,000 year old part Roman Foundation Wall with an Archway, to the other side. Restaurant is in a 600 year old Grade II Listed Building with a five STAR HYGIENE RATING, just renewed a few months ago.
Slap-Bang right in the middle of one of the busiest night-time footfall Areas of SE England.
(ALCOHOL LICENCE IS TILL 12 MIDNIGHT, SO EVENING & NIGHT-TIME UNTAPPED POTENTIAL ABSOLUTELY PHENOMENAL, ESPECIALLY WITH A SEPARATE THEME EVENING "POP UP" BAR/RESTAURANT CONCEPT) AS ONLY OPEN 5 DAYS A WEEK 10am-5pm (Summer 7 days till 6:30pm).
The Owner's original future planned concept was for normal priced DRINKS with an ITALIAN APERITIVO EVENING SCENE, with Aperitivo style free finger food! (Would that be Unique in UK?) A £350 per evening for three nights offer from a Pop Up Restaurant, where all Drink profits would be ours, was flatly turned down as being far too low to contemplate.
May 2018 to May 2019 circa only approaching £380,000 Turnover, (just 5%+ from Alcohol), as only open five Days a week 10:00 am to 5:00 pm
(Summer everyday 6:30 pm),
With highest weekly Turnover Takings of circa £20,000.
REPEAT circa £20,000 Turnover IN one WEEK! (Absolutely Incredible unbelievable potential).
Apparently, circa 150,000 NEW HOUSES, to be built (Outline Planning), within a five or six minute Drive radius of this establishment in the near future, plus Europe's Biggest Theme Park to be built by 2024. So absolutely unbelievable future potential! As there are no other Ancient sites of such Historical importance and Magnitude, to visit nearby. Nor does any known UK restaurant have a near 100 seat eating and drinking terrace directly overlooking such Ancient, Monumental sites.
43 Daily Trains from London; journey times from 28 minutes; Fares from £8.50 and Station two minutes Walk away.
Business was purchased as a side-line to Owner's Main, (totally unrelated), Worldwide Business, as the initial Trophy Site to Headline the roll out of a potential new Worldwide Partnership, or Franchise Type concept. Discussions were initially undertaken in countries known well to the Owner from the unrelated main business, starting in South Africa, Switzerland, Canada, India, Spain and USA. Possible Foreign Partners, or Franchise parties that showed possible initial interest and potential can be discussed further in a share sale. (Cape Town, Jo'Burg, Durban, Vancouver, Toronto, Florida, Texas, California etc., etc)
Proof can be provided to show total invested so far circa £300,000 to £320,000 region, including extra charges, interest, fees and costs incurred in the last two Years. An offer during Lockdown 2020 of circa £240,000 was turned down for the entire business, as owner was not willing to make a circa £60,000+ loss after two Years of business! Therefore sensible offers invited for whole Business, but preference will be for a much smaller "Token" Investment sum requirement from an enthusiastic salaried Management worker with also a shareholding in the business. This is because the future potential is simply enormous, but could be hindered by Management Staff inadequacies, as Owner is far too busy with their own Worldwide businesses.
This business could be worth quadruple, with good evening/ night-time turnover, which should be easily achievable by a well marketed Evening "Pop-Up" concept, ( possibly unique in U. K. ), coupled with conscientious Management; especially by Investors themselves, receiving wages and a shareholding. If there is any progress in further branches and Worldwide Franchise, then value would go absolutely stratospheric!
Upstairs self Contained, there are two Rooms, both with Grade one listed scenic views, two Bathrooms plus fully fitted Kitchen. If not required, then they can be utilised as two separate Offices, (or Residential Studio flats), at £550 pm each (Total £1,100 pm), with Utility, Tel & Broadband bills on top. One room and corridor upstairs, can be easily converted to a VIP Dining Area, if so required to increase interior dining capacity.
This establishment is situated on a Private road with Residential Permit Parking only one minute walk away.
Long Renewable up to 25 year Restaurant Lease £15,000+vat pa exclusive ( Next Rent Review 2025)
Total Annual Business Running Bills are all very low and can all be encapsulated in one negotiable group set annual payment of circa £14,000+vat pa exclusive approx., which could be Personally guaranteed by Owner/Seller; to include inter alia :-
All Utility Services, all Telephone/Broadband Services, Business Waste Collection, Business Rates, All Annual Accountant processing fees (for Weekly PAYE & NI, Quarterly VAT & annual Tax Return); Property & Business Insurances, including all equipment and property maintenance contracts, (including Computerised ANTI-THEFT Cash Register & Order placing System; Fridges, Freezers, Cookers, Coffee Machine, Sound & Alarm systems,12 Camera CCTV, AC, Ventilation systems, Electrics, Heating & Plumbing systems, etc, etc)
Total Winter, Spring and Autumn Salary Wages are relatively on the low side, but Summer Wages are very high indeed, The Average Wage Bills May 2018 to May 2019 cost the business approx. around £200,000 Including Employer's N. I. and Pension contributions and Holiday Pay liabilities.
The Annual Restaurant Food, Drink and Alcohol purchases only average approx. around £36,000 pa exclusive. ( Very Low!)
All this means that even at this business's current low Turnover; that a Shareholding, after ALL EXPENSES should still net a very Healthy return on Investment in a Year before Tax, (in theory at least!) In general practice and reality this will not be the case due to certain reasons, As can be explained in detail to any prospective serious enquirers.
Therefore any investment and management decision should never be based solely upon this criteria, of just earning a Management salary wage and then an immediate return on Investment, as a Bonus on top, after just a Year, or so. If both parties are in Total Agreement, then further UK or Overseas expansion could possibly be contemplated, via a Partnership, or Franchise Style Network set-up arrangement, that may require further reinvestment, which would further diminish annual profit initially.
The Payment suggestion, (as stated above), is just a minimum that would be based upon a negotiable smaller proportionate share holding by Investors/ Management and a possible future Company Directorship, (Subject to Terms & Conditions), although complete purchase is also negotiable for substantially more. Interested parties should initially carry out some simple Arithmetic calculations of possible business Profitability margins, based upon the total approx. FIXED overhead business expense figures and wage cost to Business, as stated above.
This is a genuine colossal once in a Lifetime opportunity for the right Investor and Management person, or couple. Make 2021 Your Vision for a new Decade!
If this is still of interest, then please read article on page 43 of the Times Newspaper of the 6th of January 2020, regarding a similar strategic business synergy vision of a Company, for their expansion in future! Whereas this restaurant's owner had already foreseen that concept some time ago.
Interested parties should in the first instance briefly email in with their present and past circumstances and why they feel they will be able to make a success in the general Management of this Restaurant and a new evening/ Night-time concept, etc, etc.
Please keep all correspondence and conversations between ourselves, strictly Private & Confidential. Thank you.
EXCL SUMMER WED-SUN 10am-5pm
Is accommodation included?:
Separate S/C 4 Bed Cottage + 2 Bed/2Bath/Kitchen above
Support and Training:
FULL SUPPORT & TRAINING GIVEN
One of the busiest Nighttime Footfall Areas of SE England.