For Sale

Restaurant With Excellent Rental Income from Accommodation

Tunbridge Wells, Kent

£79,000 +SAV

Ref: B04649

Contact sales negotiator

Alice Currie

01204556300

Email Alice Currie

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Description

Hilton Smythe welcomes to the market Alexandra's Restaurant.

Alexandra's is a Greek themed restaurant offering traditional cuisine which includes,

• Tzatziki
• Mousaka
• Home-made kefte
• Souvlaki
• kleftico plus much more.

This restaurant holds an alcohol licence and serve a selection of wines from Greece, Italy and France plus an array of cocktails and spirits.

At the rear of the premises is the events section of the restaurant where parties are held and the option of traditional Greek entertainment can be provided.

Alexandra's Restaurant boasts fantastic reviews on social sites such as,

4.5 stars out of 5 - 53 reviews Google
4.8 stars out of 5 - 49 reviews Facebook
4.4 stars out of 5 - 45 reviews Tripadvisor

This popular restaurant is already fully booked for Christmas 2018!

In addition this business also comes with the benefit of a 4 bed apartment above the restaurant which is currently let out on a HMO basis.

Scope to Improve;

• New advertising and marketing campaign
• Maximise the use of social media
• Explore online discounters such as Wowcher and Groupon

Hilton Smythe highly advise early viewing to avoid disappointment.


Tenure

Leasehold

We are advised that Alexandra's Restaurant is being offered a Leasehold business with 4 years remaining from the original 10 years Lease.

Rent is £33,600 per annum.

We are advised that the business rates currently payable are £7,200 per annum.



Hours

Monday to Thursday 12pm - 10:30pm
Friday to Saturday 12pm - 11pm
Sunday 12pm - 9pm



Staff

The business is managed and run by the current owner with the help of 2 Chefs and 3 part-time members of staff.


Financial Profile

Alexandra's Restaurant generates an advised estimated turnover of £260,000 per annum with an advised estimated £130,000 gross profit.

The apartment above the restaurant generates an advised turnover of £21,600.
Assets = £15,000.

SAV = £4,000.


Location

Alexandra's Restaurant is located along Camden Road in Tunbridge Wells.

The premises is situated on a busy road which allows excellent visibility to passing traffic.

Tunbridge Wells is a large affluent town in western Kent, around 40 miles South-East of central London by road and 34.5 miles by rail. In 2006 the town of Royal Tunbridge Wells was estimated to have a population of approximately 56,500. The wider borough of Royal Tunbridge Wells is home to considerably more people - some 104,000 in 2001, up from around 99,500 in 1991.

Alexandra's Restaurant is ideally and prominently situated amongst a parade of other complementary businesses such as a newsagents, pub and coffee shop.

Customers also benefit from convenient metered street parking close to the restaurant which is free after 6pm.

The nearest train station is Tunbridge Wells which is 0.7 miles away where you are able to get to Charing Cross in under an hour, calling at other stations such as Tonbridge, Sevenoaks and London Bridge.


Premises

Alexandra's Restaurant is located on the ground floor of a 2 storey detached building.

Full length windows and glazed doors to the front which creates a light, airy and inviting interior.

As you enter the premises you are greeted with the newly refurbished interior, the seating area is to your right which carries on to the rear of the premises, the counter is to the left which houses the kitchen area, drinks bar, till system and coffee maker.

Equipment includes,

• CCTV
• Coffee machine
• Till system
• 2 x dishwasher
• Microwave
• Double fryer
• Griddle
• 6 burner oven
• Single chest freezer
• Upright display fridge
• Stainless steel double fridge
• Stainless steel double freezer
• 3 x drinks display chiller
• 2 x chest freezer
• Display fridge
• Tables
• Chairs


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