Attractive And Spacious Olde Worlde Licensed Restaurant For Sale

Business description

Established by the vendor in 2006 as Thai cuisine, which could obviously be continued and in our opinion there is potential for other types of cuisine, if desired.

Free Public Car Park approx. 100 yards from the Restaurant providing parking for 10/12 cars.

ATTRACTIVE 15TH CENTURY BUILDING with A3 use.

Forecourt area with parking for 1 car

Entrance to SPACIOUS RESTAURANT. Full gas fired central heating. Attractive wood strip floor, beamed ceiling plus beamed uprights, open fireplace. Wall and ceiling lighting. Tables and chairs providing seating for 38/40 persons. BAR, upright glass fronted wine/beer fridge, sink, glasswasher, hotplate cabinet.

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Level kitchen with tiled floor. The equipment includes double sink and drainer, rice cooker, charcoal grill, double deep fryer, 5-burner Chinese cooker, 3-door stainless steel counter fridge, dishwasher, ice maker, sink and drainer, wash hand basin etc.

Dry goods store with chest deep freeze

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 5 years with rent to be agreed thereafter.

Uniform Business Rates: £3,500 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A MOST ATTRACTIVE LICENSED RESTAURANT IN THIS SOUGHT AFTER LOCALITY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation also with FULL GAS FIRED CENTRAL HEATING comprises: First Floor 2 Large Rooms with beams Private kitchen with fitted units plus Arga cooker Access to first floor patio area with decking Bathroom with bath, w.c. and wash hand basin Second Floor 2 Additional Small Double Bedrooms Additional bathroom

Location:

Busy road, sought after residential village, close to river, KENT.

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

CLOSED ALL DAY MONDAY
Tuesday - 6 p.m. - 10.30 p.m. (last orders)
Wednesday - Saturday inclusive - 12 noon - 2.30 p.m. & 6 p.m. - 10.30 p.m.
Sunday opening - 12 noon - 9.30 p.m.

Employees:

The Restaurant is at present mainly staff run. Staff employed - Restaurant area - 1 full time supervisor/waiter plus 1 full time waiter. Kitchen area - 1 full time head chef plus 1 assistant chef. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance