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A SUBSTANTIAL AND DISTINCTIVE 19th CENTURY WET LED FAMILY OPERATED FREEHOLD FREEHOUSE LOCATED WITHIN THE POPULAR SEASIDE TOWN OF RAMSGATE, KENT

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  • Imposing property situated in the highly sought after seaside location of Ramsgate.
  • Good sized, welcoming and multi-functional semi-circular Public Bar (circa 60+).
  • Highly impressive 3 bedroom family accommodation.
  • Enclosed Courtyard.
  • Advised current turnover circa £130,000 (incl. VAT).
  • Trade derived from circa 95% wet sales and 5% food sales. Tremendous potential for a catering orientated operator.
  • Available for the 1st time in 14 years.
AN OUTSTANDING OPPORTUNITY TO PROCURE A SOLID BUSINESS AND FAMILY HOME WITH AN EXTREMELY WELL ESTABLISHED TRADING FOUNDATION OFFERING IMMENSE GROWTH POTENTIAL


ASKING PRICE £325,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful inn is located just off the A2 near Canterbury in the popular seaside town of Ramsgate and having excellent road communications providing easy access to the M25, M2, M20, A2 and M23 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. The seaside town of Ramsgate is within close proximity to the Eurotunnel at Folkestone and the Dover Ferry terminal, bringing an abundance of visitors and tourists from France and beyond all year round. Ramsgate is also situated close to Herne Bay, Margate, Deal and many other coastal resorts making this delightful community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of repeat trade and is also well serviced by local schools, shops and amenities. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This impressive property believed to date back to circa 1883 occupies an extremely busy and easily accessible main road trading position.

There are two entrances at the front leading into the Public Bar.

Public Bar (circa 60+) being semi-circular shaped is a good sized lovely traditional room exuding an inviting and relaxing ambience.

There is a feature semi-circular return bar servery with a solid polished counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested).

The room is well furnished with a good range of loose polished tables, upholstered chairs, upholstered pew style seating, leather chairs and upholstered bar stools.

There is also a raised stage area, a pool table and a darts throw.

Access to the W.C’s and Courtyard.

Catering facilities include a part commercial and part domestic equipped Kitchen with appliances and work surfaces (appliances not tested).

Lower Ground Floor Cellar with dray drop, pumps, pythons x2, post mix and cooler.

Ladies and Gents W.C.s

OWNERS ACCOMMODATION

Situated on the 1st floor, being well presented and offering good sized rooms briefly comprises: 3 bedrooms (ensuite to Master bedroom), lounge, kitchen with access to the roof terrace and bathroom.

EXTERNAL

There is an enclosed courtyard (circa 20) with a timber picnic bench.

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:

Sunday – Thursday – 07.00am – 11.30pm

Friday & Saturday – 07.00am – 01.00am

The current opening hours are as follows:

Sunday – 11.30am – 11.00pm

Monday & Friday – Midday – 11.00pm

Tuesday – Thursday & Saturday – 1.00pm – 11.00pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds).

We are advised that the inn benefits from all main services and uses gas fired central heating (services not tested). Business rates payable are advised as being approximately £TBA per annum.

THE BUSINESS

Our vendor clients operate this successful business as a ‘husband and wife’ team on a ‘hands-off’ and a ‘full-time’ basis respectively; with the assistance of 2 part-time family members. Trade is currently derived from circa 95% wet sales and 5% food sales, thereby providing immense scope for a new hands-on owner operator partnership with previous experience of running a catering orientated operation to expand upon the current limited food offering.

This is an extremely rare and outstanding opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City or even as an additional income stream whilst commuting.

Advised current turnover is circa £130,000 (incl. VAT). In our opinion with the above areas of potential and facilitating early opening hours to provide breakfast etc. for the high volumes of passing trade, we would expect a new operator to achieve a turnover well in excess of £250,000 (incl. VAT)

This is an excellent opportunity for either an investor to increase upon their existing portfolio or for an owner operator to continue to build upon the already well established trading foundations.

The business premises can be run extremely cost effectively on relatively low overheads resulting in higher profitability.

The asking price reflects the current trading foundation, the location and quality of fixtures and fittings.

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

This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112

Details Prepared: July 2019

ADDITIONAL IMAGES

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