£650,000
Restaurant for sale
Property photos
Just added
Freehold
£650,000
Restaurant for sale
The Elephant, 31 The Mall, Faversham, Kent ME13Local area information
Property location
Nearby amenities
- Ethelbert Road Primary School 0.2 miles
- The Abbey School 0.2 miles
- Faversham 0.2 miles
- Selling 3.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Faversham to find out more about the local area.
Features and description
- Freehold
- Established wet-led Freehouse in the heart of Faversham, Kent.
- Independent no tie Free House
- Retirement sale after 20 successful years of ownership
- Two-bedroom owner's accommodation with modern kitchen & bathroom
- Well-maintained premises with attractive ambiance and loyal clientele
- Attractive beer garden and well-maintained cellar with quality equipment
- All equipment and white goods included in sale
- Estimated Rates Payable: £1257.48
A well-established and profitable wet-led Freehouse pub for sale in Faversham, Kent.
With a strong turnover of c. £305,000 per annum and a net profit of c. £88,000 (29% margin), this business has been successfully operated by the same owners for over 20 years, making it a genuine retirement sale opportunity.
The pub has received numerous camra awards and is offered freehold to include fixtures, fittings and equipment, along with a two-bedroom owner's flat.
Trading Performance (ye July 2024):
Turnover: £303,870
Gross Profit: £183,444
Net Profit after Tax: £86,450 (29% margin)
Location
The property is located at 31 The Mall, Faversham, Kent, ME13 8JN, in a prime trading position within the historic market town of Faversham. This independent Freehouse has a unique and distinctive offering.
The premises benefit from close proximity to local amenities and enjoy strong footfall from both residents and visitors, making it an ideal opportunity for new owners to continue and further develop this long-standing and successful business.
EPC
Available upon request
Each party to be responsible for their own legal costs incurred in the transaction.
With a strong turnover of c. £305,000 per annum and a net profit of c. £88,000 (29% margin), this business has been successfully operated by the same owners for over 20 years, making it a genuine retirement sale opportunity.
The pub has received numerous camra awards and is offered freehold to include fixtures, fittings and equipment, along with a two-bedroom owner's flat.
Trading Performance (ye July 2024):
Turnover: £303,870
Gross Profit: £183,444
Net Profit after Tax: £86,450 (29% margin)
Location
The property is located at 31 The Mall, Faversham, Kent, ME13 8JN, in a prime trading position within the historic market town of Faversham. This independent Freehouse has a unique and distinctive offering.
The premises benefit from close proximity to local amenities and enjoy strong footfall from both residents and visitors, making it an ideal opportunity for new owners to continue and further develop this long-standing and successful business.
EPC
Available upon request
Each party to be responsible for their own legal costs incurred in the transaction.
More information
Listed by
Azure Property Consultants
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