Ocean Inn
Description
The Ocean Inn is a mock-Tudor end-of-terrace property occupying a prominent position neighbouring a large public car park and has easy access to the beach and promenade. It is situated adjacent to the amusement arcades and fairground.Location
The Ocean Inn is located in the centre of the coastal tourist village of Dymchurch, Kent. Dymchurch is located in the Hythe & Folkestone District approximately five miles west of Hythe and 14 miles south of Ashford. Dymchurch and the surrounding area has a large number of tourist attractions including the Romney Hythe & Dymchurch Railway, the historic town of Rye, Camber Castle, Dungeness National Nature Reserve and Port Lympne Zoo. The area is popular with tourists and day trippers seeking to explore the marshlands and the south Kent coastline running from Dungeness to Folkestone.Internal Details
To the front of the property there is an open plan public bar with stripped wood flooring, exposed timbers, bar servery, flat-screen TVs, dart board, pool table. Seating for 38 with room for additional standing. To the side of the property is an entrance lobby with customer toilets. There is a second bar/restaurant area with carpeted flooring, bar servery and log stove providing seating for c. 44. Fully equipped commercial kitchen with extraction, a separate prep kitchen and pot wash area, basement beer cellar.Fixtures & Fittings
All trade fixtures and fittings will be included in the sale and our clients will provide a trade inventory.External Details
Located within the car park there is an additional brick-built outbuilding housing a SEAFOOD SHOP, used from March to October selling fresh seafood. To the side of the property is a large car park providing parking for 35-40 vehicles. This area also incorporates outdoor seating for 54 customers, as well as a covered smoking shelter. There is also a trade garden with children's play area and seating for 78. To the rear there is a trade patio area with space for 40 customers and an outbuilding/storage.Owners Accommodation
The owner's accommodation consists of five bedrooms, fitted kitchen, bathroom, lounge, shower room and WC.The Opportunity
Our client has owned the business for 32 years and is now looking to sell in order to retire, offering a great opportunity for an experienced operator to acquire this highly lucrative and profitable turn key business. We thoroughly recommend a viewing to fully appreciate this opportunity.Staff
The business is predominantly owner run with a complement of full and part time casual staff.Trading Information
Profit and loss accounts year ending May 2023 show a net turnover of £921,791 with an adjusted net profit of £249,794. Full trading information will be supplied following a formal viewing.Trading Hours
The business operates seven days a week. Monday - Thursday: 11am to 10pm Friday & Saturday: 11am to 11pm Sunday: 11.30am to 10pmTenure
The Ocean Inn is held on a full repairing and insuring lease agreement for a term of five years expiring 22 June 2027 from Stonegate Pub Co. The lease is renewable at the end of the term of years.
The lease falls within the security provisions of Landlord & Tenant Act 1954. Rent currently stands at £41,700 per annum, subject to annual indexation and is of partial tie, tied of beers and ciders, free-of-tie of wines, spirits and minerals.