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Poppins franchised cafe/restaurant for sale in town centre location

For sale: £179,500.00|To rent: £34,000.00 Per Annum|1193 Sq Ft

PROPERTY DETAILS

FOR SALE£179,500.00
TO RENT£34,000.00 Per Annum
SIZE1193 Sq Ft
ADDRESS23 Poppins, Grosvenor Road, Tunbridge Wells, TN1 2AH
TENUREBusiness for sale, To Let
POSTED ON1st April 2019

DESCRIPTION

Franchised Poppins cafe and restaurant, lease and business for sale. The premises occupy a prominent position along Grosvenor Road in Tunbridge Wells town centre. The premises immediately adjoin Baldwins travel and Corals and are in the same parade as Tesco Metro.

The premises have recently been substantially refurbished to provide for modern cafe having wood laminate flooring, ceiling spot lights and air conditioning. There are 82 covers. There is an open kitchen with serving counter leading to rear prep and wash area having tiled floor & walls. The kitchen and prep area are well fitted with quality stainless steel appliances with stainless steel hood and extraction. A full inventory of equipment to be included in the sale will be made available. To the rear of the premises are 2 cloakrooms, one adapted for disabled persons and provide for baby change. There is a usable basement area comprising store rooms, walk in freezer, staff area and staff cloakroom.

Shop overall 86.3 sq m (923 sq ft) including kitchen area plus ground floor store and 2 sets cloakrooms.

Basement total usable area including walk-in freezer overall 34.9 sq m (270 sq ft) plus cloakroom

Total usable overall area 121.2 sq m (1193 sq ft)

The premises are held under lease for a term of 15 years from 2017 at a rent of £34,000pa. There are 5 yearly rent reviews and a tenant only break option in 2022.

The business is run by the owner with 1 full-time staff member working 45 hours per week and 5 part-time members each working 24 hours per week. It is open 7 day per week trading Monday to Saturday 8.30am – 6.00pm and Sunday 10.00am – 4.00pm.

We are advised there is a payment made to the franchisor of £3,240pa for use of the name, menu, logo etc.

Accounts available show turnover in the region of £245,000pa

The business is offered for sale to include an agreed lost of fixtures and fittings plus stock at valuation.

Further information regarding the franchise can be found at www.poppinsrestaurants.co.uk

LOCATION

Location: 23 Poppins, Grosvenor Road, Tunbridge Wells, TN1 2AH

Tunbridge Wells (0.4 miles)

High Brooms (1.2 miles)

Frant (2.6 miles)

AGENT'S DETAILS

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