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Harbour Street Tapas, 48 Harbour Street, Whitstable, CT5 1AQ

£180,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Restaurant for sale

Key features

  • Coastal town location
  • 8.5 year lease
  • Ground floor 22 covers
  • First floor 20 covers
  • 2023 turnover in excess of £500,000
  • Energy Rating B
  • Christie & Co Ref: 8867259

Description

Description

A well positioned prominent three-storey property with white rendered elevations under a pitched tiled roof, close to public parking.

Location

Harbour Street Tapas is situated in the coastal town of Whitstable on the north Kent coast. The town has excellent road links and a main line railway station with services to Central London.

Internal Details

The main restaurant is served by a single bar servery with air conditioning, open plan commercial kitchen with full extraction, pot wash area. There is a variety of traditional tables and chairs for circa 22 covers. Ladies & Gents WCs.

First floor area with circa 20 covers, air conditioning, prep kitchen, customer WC.

Second floor has an office and storage room.

Fixtures & Fittings

All trade fixtures and fittings will be included in the sale and our clients will provide a trade inventory.

External Details

Bin storage.

The Opportunity

The current owner has operated the business for many years and is now looking to sell in order to focus on other ventures offering a great opportunity for a new operator to take full advantage of the business and popular location.

We thoroughly recommend a viewing to fully appreciate this opportunity.

Staff

The business is predominantly owner-run together with a complement of full time and part time casual staff.

Trading Information

Turnover for the year ending 31 October 2023 was £501,936.

Gross profit £154,386 producing an adjusted net profit of £96,000.

Trading Hours

Monday: 12pm-5pm
Tuesday: Closed
Wednesday: 5pm-9pm
Thursday - Saturday: 12pm-9pm
Sunday: 12pm-3pm

Tenancy

A fully repairing and insuring lease with approximately 8.5 years remaining on a 10-year lease, which our clients inform us is within the Landlord and Tenants Act.

The landlord will require six months rent deposit.

Business Rates

Current rateable value (1 April 2023 to present) is £17,750.

This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.

Regulatory

Premises Licence.

Energy Performance Certificates

EPC 1

Brochures

Harbour Street Tapas, 48 Harbour Street, Whitstable, CT5 1AQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Whitstable Station0.5 miles
  • Chestfield & Swalecliffe Station1.8 miles
  • Herne Bay Station4.1 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 8867259-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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