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Cafe & wine bar in Tunbridge Wells Prime location
£54 600
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Form:Sale established business
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Activity:Running
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Type:Owner
GB179971
Relevance check: 25.11.2023
Business description
Situated in a prime location, this business boasts a range of desirable features that make it a highly attractive investment.
Premises: This single fronted property spans approximately 670 ft² and offers a warm and inviting ambiance. The woodstrip floor and ceiling with wall lights create a cozy atmosphere for customers. The outdoor seating area comprises tables and chairs, accommodating up to 25 patrons.
Hygiene Rating: The business holds a prestigious 5-star hygiene rating, reflecting its commitment to maintaining high cleanliness and safety standards.
Well-Equipped: The premises are equipped with essential fixtures and fittings. These include a sales counter, EPOS till, 2-group coffee machine, coffee grinder, 1.5 m cool display counter with refrigerated storage, draft beer tap, under-counter fridge, 70 m upright open cool display unit, panini grill, sinks, and a CCTV system with 1 camera.
Basement: The property features a basement area of approximately 130 ft², which can serve as additional storage or workspace.
Preparation Kitchen: The business is equipped with a spacious preparation kitchen, featuring a large stainless steel fridge, 2 deep freezers, a fridge/freezer, 2 microwaves, 2 stainless steel preparation tables, an electric oven, and a sink.
Facilities: The premises include a toilet with a WC and wash hand basin, as well as a small stockroom.
Turnover: the business currently achieves an average turnover of £125000 per year, with a gross profit margin of approximately 65% (including 10% from deliveries).
Staff: Currently, the business is operated by one of the partners, with the assistance of two part-time staff members.
Trading Hours:
The business operates six days a week, opening from Monday to Friday between 8:30 a.m. and 4 p.m. and on Saturdays from 9 a.m. to 4 p.m.
There is significant potential for additional opening hours to further boost revenue.
Tenure:
The premises are held on a secure renewable lease from a private landlord. The lease was granted for six years in 2020, with reviews every three years (next review in 2026). The current rent stands at £13,440 per annum plus VAT.
Business rates are nil after full relief (please verify with the local authority).
Reason for Sale:
The business has been under the same ownership since 2014 and is now being offered for sale due to the vendor's other business interests.
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Units:Operating business, Tangible assets
Geography and location
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City:
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Town center.
Transaction terms
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Price:£54 600
Corporate issues
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Number of owners:2
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Reason for selling:Relocation
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