Overview
- Updated On:
- May 5, 2023
Description
Restaurant & Bar, Sandgate
Sandgate Vaults
Offers Over £300,000 freehold
Summary
Superb restaurant and bar opportunity on Sandgate High Street
Fantastic opportunity for a very attractive, corner plot freehold property on the high street, suitable for most sectors and or a residential conversion
Key Features
Development opportunity
Successful business
£50k net profit
Sensational location
Fantastic Opportunity
Seaside town
Unique character property
Fully fitted & furnished
Sensational value
Investment opportunity
Opportunity
Quite simply one of the best opportunities for a freehold high street property in Sandgate
‘Sandgate Vaults’ currently trades six days a week, with a lunch a dinner offering
The property and its location lend itself well to a later night operation, either wet led or in food delivery sector
Development Opportunity
There is a wonderful opportunity to increase the turnover by opening throughout the day, later in the evening and or introducing a more wet led bar with food concept
Furthermore the property would be absolutely ideal for may other sectors, the prominent corner position on the high street, such as –
Convenience Store
Micro-brewery
Hair dressers / Beaty salon
Dental
Pharmacy
Retail
Residential accommodation
Holiday let
Location
Prominent corner position on the high street in Sandgate, a village on the southeast coast of Kent sitting between the towns of Folkestone and Hythe
Sandgate has a thriving high street, well supported by locals and tourists it boasts a fantastic selection of independent businesses
Internal Details
Sandgate Vaults offers dining on two floors, the ground floor with its floor to ceiling windows, and as its name sake suggests, there is further dining in the cellar vaults
Please see the floorplans for further details
Fixtures & Fittings
All fixtures and fittings not personal to our clients are included in the sale
Tenure
Nationwide Business Sales are thrilled to offer this wonderful opportunity to the market on a freehold basis for ‘Offers Over £300,000’
Staff
As an owner operated business there are full and part-time staff who are subject to TUPE
Financial
Accounts for the year ending 31st March 2022 show a turnover of £188,000 generating a healthy profit in excess of £50,000
Full accounts available upon request
