Summary - 8, MARKET SQUARE TN16 1AW
1 bed 1 bath Restaurant
Turnkey, award-winning dining venue with strong recent turnover and growth potential.
- Prominent Market Square location with high footfall potential
- 30-cover air-conditioned dining room; 12-cover Chef's Table
- Featured in Michelin Guide; holds 2 AA rosettes
- High-spec commercial kitchen with full extraction and cold store
- Basement vault wine room and separate storage, fixtures included
- Leasehold with 18 years remaining — lenders may refuse mortgages
- Currently trading four days weekly; clear growth opportunity
- Main heating electric room heaters; review energy costs
Set in Westerham’s picturesque Market Square, The Old Bank is an established, award-recognised restaurant with a contemporary dining room, 12-cover Chef’s Table and an open kitchen that showcases seasonal British cooking with French technique. The business benefits from strong turnover (net sales £613,460 to year ending 1 Aug 2024) and healthy gross margin (65.3%), plus full fixtures and fittings included and a premises licence in place.
The building offers period character — high ceilings, large sash windows and a basement vault wine room — and practical back-of-house features: high-spec commercial kitchen with full extraction, rear cold store and on-site storage. Energy rating B and air-conditioning in the dining room are positives for comfort and operating costs; however main heating is by electric room heaters and some running costs should be reviewed.
Important practical considerations: the business is leasehold with 18 years remaining. That limited lease term is flagged as a material constraint — mortgage lenders may refuse lending, and lease terms should be reviewed by any purchaser. The operation currently trades four days a week, presenting clear scope to expand trading hours and revenue if desired.
This opportunity suits an experienced operator or investor seeking an established, turn-key restaurant in a very affluent market town. Full trading information and lease details will be provided on formal viewing; purchasers should instruct specialist legal and financial advice before progressing.
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