Unopposed Delightful Village Inn Near Deal For Sale

Business description

Centrally located within the affluent village of Northbourne, close to the seaside town of Deal.
Very well presented and characterful trading areas including Lounge Bar/Dining Area (circa 30) and Restaurant (circa 30) offering open fireplaces.
Well presented 3 bedroom living accommodation.
Substantial and mature beer garden (circa 50) with children’s play area car park for 25.
Turnover for y/e 03/09 is £248,000(incl. VAT) with a trade split of 40% wet and 60% food.
17 yrs left on a Punch Taverns lease with a rent of £24k fixed for 5 years.

A LOVELY AND THRIVING VILLAGE INN CLOSE TO THE WONDERFUL KENT COASTLINE OFFERING A WONDERFUL ‘QUALITY OF LIFE’

ASKING PRICE £49,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

THE PROPERTY

This village inn is of brick construction, with white washed walls, under a pitched, tiled roof, occupying an excellent central position in the heart of this desirable village.

The Lounge Bar/Dining Area (circa 30) is a traditional room with new carpets, beamed ceilings, large bar servery and feature brick fireplace.

The Restaurant (circa 30) offers a solid wood floor, bar servery, stunning open fireplace and traditional wooden furnishings.

The Lower Ground Floor Cellar benefits from coolers, python system and beer drop along with a lockable bottle store.

Ladies and Gents W.C.’s.

There is a commercial catering kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash up.

THE BUSINESS

The current owners purchased the business in April 06 and are offering the property in excellent condition throughout.

Our vendors have enjoyed a lovely lifestyle over the past few years in one of the most delightful villages in Kent.

The property and business offers a profitable business now the rent has been reduced on a fixed basis. The new owners will be taking on a business with a good local reputation along with being in a prominent tourist area.

The turnover for year ending 03/09 is circa £248,000 (incl. VAT) with a trade split of 40% wet and 60% food.

This property offers a wonderful opportunity to have a lovely quality of life within a stunning village along with offering potential throughout the business.

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

Property information

Property:

Leasehold

Lease terms:

The business is offered for sale as a lease assignment with approximately 17 years remaining of the Punch Taverns full repairing and insuring, renewable agreement. We are advised that the business is tied for all wet products. We are informed that the rent is currently £24,000 with the next rent review not due for 5 years.

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 & Tenant Act 1954. We are advised that the inn benefits from LPG, Septic Tank and mains Electric and Water (no services seen or tested). Business rates are advised as currently being circa £8,000 per annum.

Living accommodation:

OWNER’S ACCOMMODATION The owner’s accommodation is situated on the 1st floor and briefly comprises: 2 Double Bedrooms, Single Bedroom, Lounge, Bathroom and Kitchenette. EXTERNAL To the rear of the property is a delightful and mature beer garden offering seating for approximately 50 along with a patio area and children’s play area. To the side of the business is a car park for 25 cars.

Location:

This beautiful village Inn is located in the heart of Northbourne, Kent, close to both Deal and Sandwich.

Northbourne is an affluent village within a few miles of the desirable seaside resort of Deal and the lovely medieval town of Sandwich along with being only a few miles from Dover and Canterbury.
The village benefits from a primary school and a strong community.

Deal is within 3 miles and is a lovely seaside and fishing haven in Kent, lying on the English Channel, 8 miles north east of Dover. Deal benefits from a long shingle beach, Deal Castle, Timeball Tower and the excellent array of fresh fish being sold off the fishing boats most mornings.

Other information

Trading hours:

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 11am to 11pm

Fri – Sat 11am to midnight

Current opening hours are:

7 days per week Midday to 3pm, 6pm to 11pm