| (REF: H7785) Detached Freehouse |
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| Seller Reference: |
H7785 |
| B4S Reference: |
21390 |
| Asking Price: |
£60,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£296,400 |
| Number of Staff: |
2 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Kent, South East England, United Kingdom |
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Nationwide are pleased to offer to the market : This spacious Freehouse has been in the same hands for the past 19 years and there are genuine reasons for sale.
Occupying an excellent seafront trading position.
Large Public Car Park for approx. 200/300 cars nearby (Pay & Display)
Front forecourt area with 10 tables and bench seating (can be increased)
Full Oil Fired Central Heating
SPACIOUS SINGLE BAR, carpeted. Tables and chairs providing seating for 60 persons plus ample standing area. Large bar, 2 T bars, electric cash register, glasswasher, 2 single door glass fronted drins fridges, sink, ice machine. 5 fruit machines plus pool table.
Ladies cloakroom with 2 w.cs, wash hand basin
Gentlemens cloakroom with urinal, w.c. and wash hand basin
Large level beer cellar
To the rear of the bar and with customers access is a fully equipped HOT FOOD TAKEAWAY SECTION. This is at present let on a weekly basis for 9 months p.a. and provides a rental income of £120 p.w.
In addition there is a SEAFOOD SECTION also fully equipped and is at present let 9 months p.a. and provides a further rental income of £60 p.w.
WE ARE INFORMED the turnover last year showed in the region of £300,000, wet sales only, in our opinion offering tremendous potential for further development in the right hands. We are further advised that winter turnover is in the region of £2,800/£3,000 p.w. increasing in the summer months and we are advised can be as high as £10,000/£15,000 p.w.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £4,900 p.a. approx.
AS STATED THIS FREEHOUSE HAS BEEN IN THE SAME HANDS FOR THE PAST 19 YEARS AND THERE ARE GENUINE REASONS FOR SALE. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The SPACIOUS private accommodation with FULL OIL FIRED CENTRAL HEATING and situated on the first floor, comprises:
2 Large Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Spacious Lounge with fitted kitchen area
Parking at side of property for 3 cars plus large yard at rear. In the yard is a fully fitted caravan at present let and providing a rental income of £150 p.w. |
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Location: |
Sea front position, KENT COAST |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Sunday - Thursday inclusive - 11 a.m. - 12 midnight
Friday & Saturday - 11 a.m. - 1 a.m. |
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The business is at present operated by a husband and wife team with family assistance. |
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