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LOCATION-LOCATION-LOCATION: one of the very best in UK! A TROPHY LOCATION SITE!
PLEASE READ ALL AD BEFORE ENQUIRING!
* PLEASE NOTE:-
Only from £89,000 to buy a proportionate shareholding with a Management Wage, or as a deposit to buy Business on Owner Bridging Finance ( subject to status and Lien Security).
1,417 year old Cathedral, on one side of 100 seat outside terrace; facing a 1,000 year old Norman Castle and a 2,000 year old Roman Wall and Archway 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 night time footfall Areas of SE England.
ALCOHOL LICENCE IS TILL 12 MIDNIGHT, BUT RESTAURANT CLOSES AT 6 PM THURS-SUN. SO EVENING & NIGHT-TIME UNTAPPED POTENTIAL ABSOLUTELY PHENOMENAL, ESPECIALLY WITH A SEPARATE THEME EVENING BAR & EATERY.
The Evening planned concept is for a Specialist Drinks, Ales & Cocktails Bar Re-Branding. A £1,000 per evening offer from a separate Pop Up Eatery, was turned down, as it was only for Saturday nights.
May 2018 to May 2019 circa only approaching £400,000 Turnover, (just 7% from Alcohol), as only open 4 or 5 Days a week 10:30 am to 5:30 pm ( Closed Mon-Wens).
*With a best circa £28,000 Turnover in just 3 Days. April 29th to May 1st 2023.
** Circa nearly approaching £20,000 Turnover on just 2nd & 3rd December 2023
Circa 250,000 NEW HOUSES, being built, within a mere 5 or 6 minute Drive radius in the near future, plus Europe's Biggest Theme Park. 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 circa £8.50+ and Station 2 minutes Walk away. 35 minutes Drive time from Trafalgar Square, Central London is dependent upon very light traffic and time of travel.
Business was purchased as a side line to Buyer's Main, (totally unrelated), Worldwide Business, as an initial Trophy site to roll out a potential new Worldwide Franchise concept, starting in maybe Spain, South Africa, East Asia or USA.
Proof can be provided to show total invested so far circa £390,00 region, including interest, fees and extensive repairs and refurbishment Works carried out in the last 4 Years. COVID Lockdown offers of between £240,000 to nearly £290,000 was turned down for the entire business, as owner was not willing to make £80,000 loss in 2.5 Years of business.
COVID-19 1st REOPENING JULY-SEPT 2020 AVERAGE PER WEEK in the region of £10,000 to £12,000, WITH SOCIAL DISTANCING SUBSTANTIALLY REDUCING INDOOR AND OUTDOOR SEATING AREA TO ONLY 40% and INCREASING NUMBER OF STAFF & WAGE COSTS. ( Low Alcohol % Sales).
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 sale prices have been P/E x 5, or even 7.
10 of the 12 Mexican Restaurants in the CHILANGO chain were sold, for several Million, with just 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 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 discussed were in Santa Barbara, La Jolla, Palm Beach, Cape Town, Durban, Malaga....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 person with a 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.
Price stated is for outright purchase, although only from £89,000 cash payment 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 would be worth triple, with good evening/ night time Profit, which should be easily achievable by an Evening concept coupled with extensive marketing and 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 £795 pm each. Or 1 room and corridor upstairs, can be converted to VIP dining room, As Planning Approved. Premises is situated on a Private road with Residential Permit Parking only 1 minute walk away. Totally separate 3 Bed Grade 2 duplex with Grade 1 views with rental Valuation £1,750pm.
Long Renewable up to 25 year Restaurant Lease from £15,000+ pa excluding VAT.
Total Annual Business Running Bills can all be encapsulated in 1 group set annual payment of circa £22,000+ 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 Computerized 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 on the low side, but Summer Wages are 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 £50,000+ ex pa.
All this means that even at this business's current low Turnover, after ALL EXPENSES still nets 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. If further UK & Overseas expansion is to be contemplated, then this would require further reinvestment, which would diminish annual cash profit initially.
Payment suggestions from just £89,000 would be based upon proportionate share holdings by Investors/ Management persons. Interested parties should initially carry out simple Arithmetic calculations of possible business Profitability margins, based upon the total approx. low overhead business expense figures. This is a terrific once in a Lifetime opportunity for the right Investor and Management person, or couple.
The Times Newspaper of 6th January 2020, has this specific Restaurant category article on Page 43, regarding its Worldwide expansion potential. ( Now Re-Branded!)
If interested in a proportionate shareholding, from £89,000 rather than full outright purchase, then please email with your circumstances and why you can make a success in the Management of this Restaurant and a new evening/ Night time concept, etc. Freehold valuation is circa £1.9M, but is ONLY available on Lease. 100% Money back Guarantee is available subject to Terms & Conditions.
For more information, please contact us by using the form below.