The Opportunity

ETS Corporate are pleased to place on the market this recently renovated, high quality café which is situated in the heart of Tankerton, in Kent, the postcode being CT5 2AJ.

 

There has been a restaurant on this site for nearly 25 years and the Owner, who started the café in November 2018 wants to focus on outside catering from a different location. The business is fully staffed and the turnover for the first year will be around £100,000.

There is a full video of the premises available at

 https://youtu.be/V7q6Ng5-IE0

 

Location

This café is situated in the heart of Tankerton, in Kent, the postcode being CT5 2AJ. It is close to the seafront and is on the main High Street in amongst many other independent businesses. The address itself has had a restaurant which was established for over 20 year, before selling to the previous Owners, who retired after 3 years.

 

There are numerous car parks nearby and free parking along the High street. The area is very affluent with good accessibility. There is a strong seasonal football trade and Tankerton has several events including the Oyster Festival.

 

Business Details

This business has been operating since November of 2018 and the Owner wishes to sell to focus on outside catering on a different site. All of the stated turnover is from the café.

 

The mission statement of the business is to bring the best of Kent to their customers in Tankerton offering loose leaf tea, artisan coffee, local cheeses, and cured meats

 – “At Kentish Kitchen, our ethos is to utilise the wonderful suppliers Kent has to offer and bring these ingredients together to create a unique dining experience.” 

 

“Serving delicious food, local artisan coffees and loose-leaf tea, an extensive wine and alcohol list, and freshly made cakes and desserts, the Kentish Kitchen provides the perfect setting for any occasion.”

 

Popular products include

  • Loose leaf tea
  • Speciality coffees
  • Full English breakfast
  • Poached eggs and avocado
  • Cakes
  • Afternoon tea

 

A total of £60,000 was invested in the business, which includes a fully equipped kitchen and epos system with iPads.

 

The café provides high quality food and the website is www.kentishkitchen.co.uk. It has excellent tripadvisor reviews and a 4.5 rating; https://www.tripadvisor.co.uk/Restaurant_Review-g503922-d15622304-Reviews-The_Kentish_Kitchen-Whitstable_Kent_England.html

 

Its facebook page is https://en-gb.facebook.com/pg/thekentishkitchen/posts/

 

The business is fully staff run with 2 full time (a chef and one front of house) and 3 part-time staff. The two full time staff report directly to the Owner.

 

The unique selling points of the business are:

 

  • Local suppliers and good quality ingredients
  • High quality of service
  • Excellent reputation
  • Full epos system in place along with clocking in and out for staff to make payroll easier. The monitoring system is excellent and allows full analysis of the business.
  • Great location for locals and tourists
  • Fully staff operated business
  • 66 covers
  • 60% of business is repeat business

 

 

What are the major strengths of the business?

 

  • Local produce offered
  • 7 days a week trading
  • Quality team in place
  • Excellent customer feedback and reputation

 

 

What are the major weaknesses of the business?

 

  • Some revenue is seasonal, including tourism and football

 

 

What opportunities are there for the business?

 

  • Supper Clubs are planned monthly with bookings already being taken and this should bring an extra £1,500 revenue per month.
  • Cheese and wine evenings planned once a month to bring in an additional £500 per month in revenue
  • Could extend opening hours to include evenings

 

The Owner is happy to co-operate fully for any training or handover period.

 

Trading Hours

Monday:          Closed

Tuesday:         Closed

Wednesday:    9 am – 5 pm

Thursday:        9 am – 5 pm

Friday:             9 am – 5 pm

Saturday:         9 am – 5 pm

Sunday:           9 am – 4 pm

 

Financial Details

The turnover for this year will be around £100,000, with further growth expected in the next few years. The price includes all fixtures and fittings which were purchased new in November 2018 (see attached asset list)

 

Property

The property is comprised of a main restaurant, an outside seating area, as well as a space for private dining. There is a fully equipped kitchen with Gents and Ladies toilets and 2 sections to the restaurant; a bar area for up to 25 covers, and an additional 25 covers to the right. To the front there is a terrace for 16 covers. There are rustic wooden tables and chairs with fabric throughout and the tables and chairs outside are stainless steel.

There is a full video of the premises available at

 

 

 

Tenure                                                       

There are 9 years left of a 10-year lease, which has a rent review every 3 years and a break clause after 5 years. The deposit paid was £4,000. The rent is £16,000 pa.

 

 

Ref:    13389

Price: £46,995

 

 

 

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.