William Street, Herne Bay
£79,950
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Restaurant for sale
Key features
- Fully fitted restaurant offering a turnkey opportunity
- Established trading business offering a turnkey opportunity
- Annual turnover of approximately £416,000
- annual net profit of approximately £144,000
- Approximately 56 covers, with potential to increase to around 70,
- Five-bedroom downstairs staff accommodation included within the rent
- Equipped commercial kitchen with extraction and supporting storage
- Central Herne Bay location close to the seafront
Description
LEASEHOLD RESTAURANT & FIVE-BEDROOM STAFF ACCOMMODATION FOR SALE
Asking Premium: £79,995 | Annual Rent: £24,000 | Reported Lease Remaining: Approximately 16 Years
Description - Manyweathers Estate Agency are pleased to bring to the market Spiced Bay, an established Indian restaurant occupying characterful premises on William Street, just moments from Herne Bay?s seafront.
Offered at an asking premium of £79,995, including all fixtures and fittings, this fully equipped restaurant presents an attractive opportunity for an experienced restaurateur or family operator seeking an established hospitality business in a popular Kent coastal town.
The premises feature a distinctive frontage with arched windows, decorative detailing and prominent restaurant signage. Inside, high ceilings, decorative columns, feature lighting and mirrored walls create an inviting dining environment, with furnished and partitioned seating areas accommodating approximately 56 guests. The seller advises that there may be scope to increase capacity to around 70 covers, subject to the proposed layout and any necessary approvals.
An equipped commercial kitchen supports both restaurant service and takeaway operations, with extraction, cooking equipment, stainless-steel preparation surfaces and storage. Further ancillary storage provides practical support for day-to-day trading.
A particular advantage is the five-bedroom staff accommodation situated downstairs, included within the annual rent of £24,000. This provides a valuable addition for an operator requiring accommodation for their team alongside the business.
The seller reports an established customer base, positive online reviews and additional seasonal trade from visitors to Herne Bay?s beach and seafront attractions.
Trading Information - The seller has provided the following approximate annual figures:
Turnover: £416,000
Net profit: £144,000
These figures are supplied by the seller and have not been independently verified by Manyweathers Estate Agency. The accounting period, profit calculation and treatment of owners? remuneration should be confirmed through inspection of the business accounts and independent financial advice.
Growth Potential - The business offers scope for an incoming operator to build upon the existing restaurant and takeaway trade through increased online ordering, delivery services, targeted local marketing and social media activity.
Further opportunities may include private functions, group bookings, menu development and revised opening hours. Any increase in seating, use of outdoor space or operational changes would remain subject to the lease, licensing conditions and any necessary consents
Location - The property occupies a central position on William Street, Herne Bay, close to the beach, seafront and town centre. Nearby shops, cafés and hospitality businesses contribute to an established commercial setting serving local residents and visitors.
Herne Bay?s coastal attractions and promenade provide additional appeal during the summer season, while the surrounding residential community offers a customer base throughout the year.
Price And Lease - An asking premium of £79,995 is sought for the leasehold business, including all fixtures and fittings, subject to an agreed inventory.
The annual rent is £24,000, equivalent to £2,000 per calendar month, and includes the five-bedroom downstairs staff accommodation.
The seller advises that approximately 16 years remain on the lease. The transaction is subject to contract and any required landlord?s consent. Lease provisions, rent reviews, repairing obligations, permitted uses, accommodation approvals and VAT treatment must be confirmed by the purchasers solicitor
Identification And Anti-Money Laundering Checks: - Any party proceeding with the purchase will be required to complete identification and anti-money laundering checks. A charge of £45 per applicant is payable for these checks. For company applicants, checks may also be required on relevant directors, beneficial owners or other connected individuals; the persons requiring checks and the total charge will be confirmed before payment is requested. Supporting information concerning the source of funds may also be required.
Applicants should obtain independent legal, financial and other professional advice before committing to the transaction. Nothing in this notice excludes or limits any liability that cannot lawfully be excluded or limited.
Important Notice From Manyweathers Estate Agency - These particulars are a general guide and do not form part of any contract. Information is provided in good faith but should be independently verified, including lease terms, accommodation, permitted uses, licences, outgoings and VAT. Fixtures and fittings are subject to an agreed inventory. Equipment and services have not been tested. Photographs may have been enhanced and movable clutter removed; viewing is recommended.
Asking Premium: £79,995 | Annual Rent: £24,000 | Reported Lease Remaining: Approximately 16 Years
Description - Manyweathers Estate Agency are pleased to bring to the market Spiced Bay, an established Indian restaurant occupying characterful premises on William Street, just moments from Herne Bay?s seafront.
Offered at an asking premium of £79,995, including all fixtures and fittings, this fully equipped restaurant presents an attractive opportunity for an experienced restaurateur or family operator seeking an established hospitality business in a popular Kent coastal town.
The premises feature a distinctive frontage with arched windows, decorative detailing and prominent restaurant signage. Inside, high ceilings, decorative columns, feature lighting and mirrored walls create an inviting dining environment, with furnished and partitioned seating areas accommodating approximately 56 guests. The seller advises that there may be scope to increase capacity to around 70 covers, subject to the proposed layout and any necessary approvals.
An equipped commercial kitchen supports both restaurant service and takeaway operations, with extraction, cooking equipment, stainless-steel preparation surfaces and storage. Further ancillary storage provides practical support for day-to-day trading.
A particular advantage is the five-bedroom staff accommodation situated downstairs, included within the annual rent of £24,000. This provides a valuable addition for an operator requiring accommodation for their team alongside the business.
The seller reports an established customer base, positive online reviews and additional seasonal trade from visitors to Herne Bay?s beach and seafront attractions.
Trading Information - The seller has provided the following approximate annual figures:
Turnover: £416,000
Net profit: £144,000
These figures are supplied by the seller and have not been independently verified by Manyweathers Estate Agency. The accounting period, profit calculation and treatment of owners? remuneration should be confirmed through inspection of the business accounts and independent financial advice.
Growth Potential - The business offers scope for an incoming operator to build upon the existing restaurant and takeaway trade through increased online ordering, delivery services, targeted local marketing and social media activity.
Further opportunities may include private functions, group bookings, menu development and revised opening hours. Any increase in seating, use of outdoor space or operational changes would remain subject to the lease, licensing conditions and any necessary consents
Location - The property occupies a central position on William Street, Herne Bay, close to the beach, seafront and town centre. Nearby shops, cafés and hospitality businesses contribute to an established commercial setting serving local residents and visitors.
Herne Bay?s coastal attractions and promenade provide additional appeal during the summer season, while the surrounding residential community offers a customer base throughout the year.
Price And Lease - An asking premium of £79,995 is sought for the leasehold business, including all fixtures and fittings, subject to an agreed inventory.
The annual rent is £24,000, equivalent to £2,000 per calendar month, and includes the five-bedroom downstairs staff accommodation.
The seller advises that approximately 16 years remain on the lease. The transaction is subject to contract and any required landlord?s consent. Lease provisions, rent reviews, repairing obligations, permitted uses, accommodation approvals and VAT treatment must be confirmed by the purchasers solicitor
Identification And Anti-Money Laundering Checks: - Any party proceeding with the purchase will be required to complete identification and anti-money laundering checks. A charge of £45 per applicant is payable for these checks. For company applicants, checks may also be required on relevant directors, beneficial owners or other connected individuals; the persons requiring checks and the total charge will be confirmed before payment is requested. Supporting information concerning the source of funds may also be required.
Applicants should obtain independent legal, financial and other professional advice before committing to the transaction. Nothing in this notice excludes or limits any liability that cannot lawfully be excluded or limited.
Important Notice From Manyweathers Estate Agency - These particulars are a general guide and do not form part of any contract. Information is provided in good faith but should be independently verified, including lease terms, accommodation, permitted uses, licences, outgoings and VAT. Fixtures and fittings are subject to an agreed inventory. Equipment and services have not been tested. Photographs may have been enhanced and movable clutter removed; viewing is recommended.
Brochures
William Street, Herne Bay
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Herne Bay Station0.7 miles
- Chestfield & Swalecliffe Station2.8 miles
- Whitstable Station4.2 miles
Notes
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