10/18/2018 | Restaurants

Oyster and Chop House restaurant in Herne Bay on the market

Specialist business property adviser, Christie & Co has brought to the market The Oyster and Chop House in the seaside resort town of Herne Bay, in Kent.

The restaurant features an open plan layout with a corner bar and comprises a mixture of chair and booth seating for up to 50 covers, with exposed brickwork and wooden floors throughout. Accommodation is also provided on the first floor of the property in the form of a one bedroom flat, which the current owners presently use as a storage space but can easily be converted back to its original purpose.

Located in a prominent position on the High Street and just a stone’s throw from the beach, The Oyster and Chop House is ideally situated to capture passing trade from the high volumes of visitors to the popular tourist town. 

Having owned the business for six years, the current owners, Jeff & Elena Mihaylova built up a strong reputation for the restaurant in the local community and decided to sell in order to retire. They comment, “We have had a great and successful time here but are now looking to leave the sector and focus on other business opportunities.”

James Hughes, Business Agent at Christie & Co comments, “The Oyster and Chop House has come to the market due to the current owner’s desire to retire from the sector. It provides an exceptional opportunity for a purchaser wishing to own a business which requires very little starting input. Situated in a prominent setting, this profitable business will appeal to both owner operators and commercial operators, who may wish to continue trading the business as it is or introduce a new concept to the town.”  

Christie & Co is seeking an asking price of £249,950 for the long leasehold interest with a peppercorn rent.