Inn In An Seafront Location Within The Popular Resort Of Deal For Sale

Business description

DELIGHTFUL INN SITUATED IN AN UNBELIEVABLE SEAFRONT LOCATION, 50 YARDS FROM THE BEACH AND PIER WITHIN THE POPULAR SEASIDE RESORT OF DEAL, KENT




Wonderful seafront location with sea views from all parts of the trading areas within Deal, Kent.
Dining Area (circa 40) benefitting from lovely wood flooring and beautiful sea views.
Lounge Bar (circa 35) with a mix of carpeted and tiled flooring, large bar servery and pool area.
Fully equipped commercial catering kitchen.
Spacious 3 bedroom living accommodation, all offering sea views (have been used for letting) with large lounge, kitchen and two bathrooms.
Excellent current turnover of £320,000 (inc vat) with trade split of 60%/40% in favour of food.
Stunning terrace/patio area, across the road from the beach offering seating for 72.
11 years remaining on the fully renewable Enterprise Inns lease with a rent of £40k.


RARE SEAFRONT PROPERTY OFFERING A LOVELY 'QUALITY OF LIFE' ALONG WITH A SUCCESSFUL BUSINESS.


ASKING PRICE £89,950 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This uniquely located property has a seafront outlook on Beach Street within the popular seaside and fishing town of Deal, Kent.

Deal is full of old buildings and many have extensive smuggling heritage - under the town is a warren of smugglers tunnels - often leading to local churches!

This lovely town is a seaside and fishing haven in Kent, lying on the English Channel, eight miles north east of Dover. The coast of France is approximately 25 miles and is visible from the business on clear days.

Deal benefits from a lovely long shingle beach (within 20 yards of the property), the stunning Deal Castle, Timeball Tower and the excellent array of fresh fish being sold off the fishing boats most mornings.

THE PROPERTY

This substantial inn is an attractive and impressive 3-storey property of rendered brick construction under a pitched, tiled roof occupying a superb and prominent seafront position.



The Lounge Bar (circa 20) is a traditional room with a prominent bar servery, lovely views and tiled flooring.

The Pool Area (circa 15) is an area for the younger generation with machines and pool table although could be changed into further dining area.

The Restaurant (circa 40) is a wonderful room with stunning views over the seafront. The room benefits from a mix of oak wood flooring and tiled flooring along with high quality wooden furnishings.

Ladies and Gents W.C's.

Lower Ground Floor Cellar accessed from the rear of the property with pumps, racks, python system and coolers. There is also a bottle store and further storage.



Upstairs Fully equipped Commercial Kitchen (appliances not tested) with stainless steel work surfaces and appliances along with a dumb waiter to the restaurant.

OWNERS ACCOMMODATION

Situated on the first and second floors and briefly comprises: 3 double bedrooms all with sea views, large lounge with a sea view, kitchen and two bathrooms. These rooms have previously been used for letting although due to the current vendors personal situation they have a need for all of the rooms.

EXTERNAL

To the side of the property is a hugely beneficial terrace/patio area with seating for 72, all within 20 yards of the beach.

There is also a shared stage area where live music is available through the summer months.

TRADING AND LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun - Thurs 9.00am - 11.00pm

Fri - Sat 9.00am - 1.30am

Current opening hours:

Sun - Thurs 11.00am - 11.00pm

Fri - Sat 11.00am - 1.00am

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business is offered for sale as a Whitbread lease assignment with approximately 11 years remaining of the original full repairing and insuring, renewable agreement now taken over by Enterprise Inns. We are informed that the rent is currently only £40k per annum. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord and Tenant Act 1954. We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). Business rates are advised as currently being £13,000 per annum.

THE BUSINESS

The current owners took over the business in 2006 as a family concern in this well established business and are reluctantly offering the property for sale due to health reasons. The vendor client has made improvements over the last year and is offering this business in excellent condition and as a profitable concern with potential for further scope along with including any letting accommodation revenue.

This offers an ideal opportunity for enthusiastic owner operators to take full advantage of this well established business.

Current sales are circa £320,000 (inc) with a 60%/40% trade split in favour of food.

We calculate the reconstituted net profits (i.e adding back managers costs, finance costs, depreciation and other expenses) of circa £50,000.

The asking price reflects the location and the current trading foundation.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Leasehold