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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 CAN BE EXTENDED IF DESIRED.
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 £400,000 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.(Cape Town, FL,CA etc.)
Proof can be provide to show total invested so far circa £290,000 region, including interest, fees and refurbishment incurred in the last 2 Years. An unsolicited offer of nearly £190,000 was recently turned down for the entire business, as owner was not willing to make a £100,000 loss in 2 Years of business. 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, to buy all the business, or for a proportionate shareholding.
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 , which could be personally guaranteed by Owner; to include inter alia :-
All Utility Services, all Telephone/Broadband Services, Business Waste Collection, Business Rates, All Annual Accountant processing fees (for Weekly PAYE & NI, Quarterly VAT & annual Tax Return); Property & Business Insurances, including all equipment and property maintenance contracts, (including Computerised ANTI-THEFT Cash Register & Order placing System; Fridges, Freezers, Cookers, Coffee Machine, Sound & Alarm systems, 12 Camera CCTV, AC, Ventilation systems, Electrics, Heating & Plumbing systems, etc, 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 £200,000 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; that a small Shareholding, after ALL EXPENSES should still net a 60% return on Investment in a Year. In reality this will not be the case as can be explained in detail to any prospective serious enquirers.
Therefore any investment and management decision should never be based solely upon this criteria, of just earning a Management salary wage and then a 60% return on Investment, as a Bonus on top, after just a Year. If both parties are in Total Agreement, then further UK or Overseas expansion could possibly be contemplated, via a Franchise Style Network set-up arrangement, that may require further reinvestment, which would diminish annual profit initially.
Payment suggestions would be based upon proportionate share holdings by Investors/ Management and a Directorship, 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 minimum cash deposit for Owner Financing to buy all business, subject to Status, or a proportional shareholding.
25 Years Renewable
£15,000 per annum
2 s/c rooms with grade i scenic views, with 2 bathrooms and a fully fitted kitchen upstairs.
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
Brand new franchise brand opportunity
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)
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