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LOCATION-LOCATION-LOCATION: one of the very best in UK! A TROPHY LOCATION SITE!
1,414 year old Cathedral, (2nd Oldest in UK), on one side of 100 seat outside terrace, (Shaded by Blossom Trees); facing a 1,000 year old Tall Castle and 2,000 year old Roman Wall foundations to the other side. Restaurant is in a 600 year old Grade II Listed Building with a 5 STAR HYGIENE RATING, recently renewed.
Slap-Bang right in the middle of one of the busiest nighttime footfall Areas of SE England.
ALCOHOL LICENCE IS TILL 12 MIDNIGHT, BUT RESTAURANT CLOSES AT 6 PM WITH JUST 5% OF TURNOVER RELATED TO ALCOHOL SALES.
SO EVENING & NIGHT-TIME UNTAPPED POTENTIAL ABSOLUTELY PHENOMENAL, ESPECIALLY WITH A SEPARATE THEME EVENING "POP UP" BAR, OR EATERY.
The Evening future planned concept was for normal priced DRINKS with an ITALIAN APERITIVO EVENING SCENE, with free Aperitivo style finger food! (Would that be Unique in UK?)
A £350 per evening offer from a separate Pop Up Eatery, where all Drink profits would be ours, was turned down, as it was only for Friday and Saturday nights.
May 2018 to May 2019 circa only approaching £380,000 Turnover, (just 5%+ from Alcohol), as only open 5 Days a week 10:30 am to 5:30 pm (Summer everyday 6:00 pm),
With a best circa £20,000 Turnover IN 1 WEEK.
Apparently, circa 150,000 NEW HOUSES, to be built (OPP), within a mere 5 or 6 minute Drive radius in the very near future, plus Europe's Biggest Theme Park by 2024. So absolutely unbelievable future potential! ( No other Ancient sites of such Historical importance, to visit nearby.)
43 Daily Trains from London; journey times from 28 minutes; Fares from £8.50 and Station 2 minutes Walk away. 30 minutes Drive time from Central London is dependent upon traffic and time of travel.
Business was purchased as a sideline to Buyer's Main, (totally unrelated), Worldwide Business, as an initial Trophy site to roll out a potential new Worldwide Franchise concept, starting in South Africa, India and USA. Initial interested potential Franchise parties may be included in a sale.
Proof can be provide to show total invested so far circa £290,000 region, including interest, fees and refurbishment incurred in the last 2.5 Years. An offer of nearly £240,000 was recently turned down for the entire business, as owner was not willing to make a £50,000 loss in 2.5 Years of business.
*N.B. SINCE COVID-19 REOPENING SEVEN WEEKS AVERAGE IS APPROX in the circa £12,000 to £14,000 per WEEK REGION, WITH SOCIAL DISTANCING SUBSTANTIALLY REDUCING INDOOR AND OUTDOOR SEATING AREA TO ONLY 40% and INCREASING NUMBER OF STAFF & WAGE COSTS. ( Percentage of Sales attributable to Alcohol, only about 5%).
Private and Confidential Proof can be provided, only at an advance stage of keen interest shown by any genuine Investor-cum-Management person, of a high underlying profit after all business expenses and running costs, ( depending upon interpretation); excluding the Covid-19 enforced Lock-down shutdown period. Business valuation will be based on nominal Hospitality Industry average of P/E x 3, although for Trophy Location sites past sale prices have been P/E x 5, or even 7.
*STOP PRESS* 10 of the 12 Mexican Restaurants in the CHILANGO chain were just sold end of August 2020, for a huge Multi-Millions sum. With an underlying profit of less than £800,000 at Restaurant level across all 12 Branches! Our concept is far more encompassing.
We Guarantee to "Ring Fence", any inward investment to fund further numerous cost-effective TROPHY LOCATION branches in UK & around the World within just 1-2 Years. Prior COVID-19 some of the future shared branch/franchise locations seriously discussed were in stunning Santa Barbara, La Jolla, Palm Beach, Cape Town....and so on!
Therefore sensible offers invited for whole Business, but PREFERENCE will be for a much smaller "Token" Investment sum requirement for a salaried Management proportionate shareholding in the business. As 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.
Indicative price range stated, is based upon minimum cash deposit required for Owner Financing, subject to Status and Lien Security, to buy all the business, or preferably for a proportionate shareholding by an Investor -cum- Management person..
This business could be worth triple, with good evening/ nighttime turnover, which should be easily achievable by an Evening "Pop-Up" concept 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 2 Rooms, both with Grade 1 listed scenic views, 2 Bathrooms plus fully fitted Kitchen. If not required, then they are sought after as 2 separate Offices at £495 pm each. Or 1 room and corridor upstairs, can be converted to VIP dining room, if so required. Premises is situated on a Private road with Residential Permit Parking only 1 minute walk away.
Long Renewable upto 25 year Restaurant Lease £15,000+ pa ex ( Next Rent Review 2025)
Total Annual Business Running Bills can all be encapsulated in 1 group set annual payment of circa £13,000+ ex pa; to include inter alia :-
All Utility Services, all Telephone/Broadband Services, Business Waste Collections, Business Rates, Annual Accountant processing fees (for Weekly PAYE & NI, Quarterly VAT & annual Tax Return); Property & Business Insurances, including all equipment and maintenance contracts, (including Computerised ANTI-THEFT EPOS Cash Register & Order placing System; Fridges, Freezers, Cookers, Coffee Machine, Sound & Alarm systems, 12 Camera CCTV, AC, Ventilation systems, Electrics, Heating/ Plumbing systems, etc.)
Total Winter, Spring and Autumn Annual Wages are relatively on the low side, but Summer Wages are generally very high indeed,The Average Wage Bills May 2018 to May 2019 cost the business approx around £160,000 including Employer's N.I. and Pension contributions and Holiday Pay entitlements. The Annual Food, Drink and Alcohol purchases only average approx around £30,000+ ex pa.
All this means that even at this business's current low Turnover, after ALL EXPENSES should still net a HIGH return on Investment. Any investment and management decision should never be based solely upon a criteria of just earning a Management salary wage and then a High return on Investment, as a Bonus on top, after just a Year. As further UK & Overseas expansion will be contemplated, that would require further reinvestment, which would diminish annual profit initially.
Payment suggestions would be based upon proportionate share holdings by Investors/ Management persons, although complete purchase is also negotiable. 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 as stated above.
This is a genuine colossal once in a Lifetime opportunity for the right Investor and Management person, or couple. Make 2020 Your Vision for a new Decade!
The Times Newspaper of 6th January 2020, has this specific Restaurant category article on Page 43, regarding its Worldwide expansion potential.
If interested in a proportionate shareholding, rather than full outright purchase, then please email in with your circumstances and why you can make a success in the general Management of this Restaurant and a new evening/ Nighttime concept, etc, etc.
Indicative price range is based upon absolute Minimum deposit to buy all Business on Owner Bridging Finance ( subject to status), or a proportionate shareholding with a Management Wage.
If interested, please contact the seller through the form on this page.
25 Years Renewable
£15,000 per annum
2 separate rooms over 2 floors with grade I listed scenic views, with 2 bathrooms and a fully fitted kitchen upstairs. Ideal quick access accommodation for a couple, or single person, or 2 separate Business offices. .
Prime grade 1 listed Location with some of the heaviest Evening/ Nighttime Footfall Area surrounding it in SE England.
C 600 year old grade ii listed building
Phenomenal once in a Lifetime opportunity for discounted price Branch openings in 2021. Also new Worldwide franchise brand opportunity and overseas shared cost branch openings potential already instigated. ( Subject to Covid restrictions).
None for this particular specific type of restaurant
Non-core business that needs diligent enthusiastic specific specialist hospitality marketing management abilities to yield its full phenomenal future potential including 150,000 new homes & Europe's biggest theme park on the doorstep of one of UK's top trophy Ancient location sites!
Wednesday to Sunday 10:30 am to 5:30 pm (summer everyday till 6 pm)
Negotiable. Minimum from £79,000 down-payment for Bridging Finance to purchase outright, available subject to status & security. Alternatively £49,000 for proportional value shareholding and profit share,with a negotiable Management Wage, including accommodation, if required..
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