Attractive Well Fitted Licensed Restaurant In Kent For Sale

Business description

At present the cuisine is Persian plus some English food, catering for teas, coffees, snacks, lunches, evening meals.

SPACIOUS RESTAURANT with 3 windows plus 3 doors, woodstrip floor, ceiling with 3 attractive chandeliers plus wall lighting. Tables and chairs providing seating for 50 persons (can be increased). LARGE BAR with glass fronted double door counter fridge, wine fridge, sink, 2 small deep freezes.

OPEN PLAN KITCHEN AREA with tiled floor, stainless steel extractor unit, stainless steel cladding to cooking area, 8-burner gas cooker with 2 ovens, 2 double deep fryers, flat grill, 5 fridges, 2 deep freezes, double sink and drainer, dishwasher etc.

STAIRS TO LARGE BASEMENT in our opinion offering potential to develop a wine bar, subject to the necessary planning permission.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 14¾ years unexpired at a rental of £12,000 p.a. exclusive of rates for the next 9 months, due for rent review at that time, however, the present owner does not anticipate any major increase in the rental. We further understand the rent reviews are every 3 years.

Uniform Business Rates: £3,300 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 5 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent trading position, just off the sea front and approximately 1 minutes walk from the High Street, KENT

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £54,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Tuesday - Sunday inclusive - 9.30 a.m. - 3 p.m. & 6 p.m. - 9.30 p.m.
CLOSED ALL DAY MONDAY

Employees:

The business is at present operated by a husband and wife team with the assistance of their son plus part time staff when required.

Other information

Financing available:

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