Kent-Based Freehold Detached Restaurant and Bar with B&B Potential for Sale
Undisclosed, Kent
- Status
FOR SALE
- Date Submitted:
24/04/24
- Advert ID
610339
- Reference
R2125 / Rightbiz
- Call Agent:
- Freehold: £475,000
- Turnover: £299,000 (£5,750 Per week)
- Net Profit: Not Applicable
Business Details
Freehold Detached Licensed Restaurant With Bar for Sale
WE ARE INFORMED the turnover is currently in the region of £5,500/£6,000 per week in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending April, 2022 showed £194,303 with a gross profit of £114,978 FEATURES:GRADE II LISTED BUILDING
CAR PARK AT REAR FOR APPROXIMATELY 15 CARS
The Restaurant is well established as Chinese cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine if desired.
Entrance to BAR fully carpeted, ceiling with spotlighting. BAR with 9 hand pumps, 1 soft drinks dispenser, 2 double door glass fronted counter fridges, sink, electronic cash register, pool table (owned) etc.
RESTAURANT with quality laminated strip floor, ceiling with inset spotlighting. 2 air conditioning/heating units. Tables & chairs providing seating for 45 persons.
Disabled cloakroom with w.c. & wash hand basin plus ladies' & gentlemen's cloakrooms with w.c. & wash hand basin
LARGE COMMERCIAL KITCHEN with quarry tiled floor, stainless steel cladding to walls, 7-burner Chinese cooker, 6-burner gas cooker with oven, double deep fryer, double sink & drainer, wash hand basin, 2 chest deep freeezers, 1 upright deep freezer, stainless steel fridge etc.
ADJOINING PREPARATION ROOM with sink plus 1 chiller fridge ACCOMMODATION:
The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING comprises:
3 Double Bedrooms (1 with en suite shower room with shower, w.c. & wash hand basin)
Large bathroom with bath, shower, w.c. & wash hand basin
Large Lounge
Small Office
Fully fitted kitchen
In addition there is a detached accommodation block at rear comprising:
4 Double Bedrooms
In addition there is a shower room with shower, w.c. & wash hand basin
This accommodation is currently utilized by staff.
We understand that there is planning permissiion to erect further accommodation at rear to provide an additional 3 double bedrooms all with en suite facilities.
In our opinion there is terrific potential to develop part of the accommodation to be utilized for Bed & Breakfast. PRICE:
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £475,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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