Impressive Restaurant and Wine Bar in Tunbridge Wells For Sale

Shopping centre locality, prominent trading position, residential, office and commercial area, KENT TUNBRIDGE WELLS

Turnover £ 25,000
Price £375,000

Features

Prestigious Restaurant & Wine Bar Full On Licence

TOTAL PREMISES in the region of 3,800 ft²

FORECOURT SEATING FOR 30 PEOPLE

TOTAL SEATING FOR 210 PEOPLE

5 STAR HYGIENE RATING

NEWLY FITTED 2019. Ground Floor in the region of 1,750 ft². Tables and chairs providing seating for 80 persons. Resin floor, suspended ceiling with spot and hanging lighting. Sales counter, EPOS till. CCTV system (30+ cameras, 1 monitor), dumbwaiter

OPEN PLAN KITCHEN. Stainless steel extractor unit, 2 hob burner oven, 3 double Valentine fryers, 4m open charcoal grill, pizza oven, 4 Adande under-counter fridges, additional Adande under-counter fridge, double door deep freeze, double door under-counter refrigerating unit, 2 refrigerated making tables, commercial dishwasher.

2 x Walk-in coldroom
2 x Walk-in Freezer

Disabled toilet with w.c. and wash hand basin

1st Floor in the region of 1,260 ft². Tables and chairs providing seating for 100 persons plus Bar with seating, dumb waiter (for bar and kitchen). EPOS till, 5 under-counter fridges, 2 drinks dispensing machines, bean to cup coffee machine, ice machine, glasswasher, under-counter freezer, 2 door under counter fridge.

Dessert preparation room. Double door fridge, single fridge, glass washer, double drawer freezer

2nd Floor in the region of 600 ft²

3 Ladies' & 2 Gentlemen's toilets with w.c. and wash hand basin
Staff Toilet with w.c. and wash hand basin.
Staff room
Office with speaker system

Basement in the region of 190 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £25,000 p.w. with a gross profit of 65% approx. (£1,000 via ONLINE PORTALS)

Staff

The business is at present operated staff operated with 7 full time staff and 7 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11 pm
We are advised the premises has a 3 a.m. licence

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a sub lease from a private landlord, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £130,000 p.a. plus VAT

Business Rates from April 2022 £45,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE RENEWABLE SUB LEASE, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 187,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote