Leasehold Daytime Restaurant For Sale

Business description

36 COVERS – 1 BED FLAT

This is a well-established concern, which has been in the present hands for 12 months and which is now only being marketed as a result of the vendors wish to retire. The current owners only open minimal hours we therefore believe tremendous potential exists for longer opening hours.

TURNOVER – Turnover averages £2,500 PWK @ 60% G.P.

PREMISES – End parade premises with attractive double frontage and single entrance to: Restaurant Area: Tastefully decorated and furnished to accommodate 36 covers. Counter, Bar/Servery: Kitchen: 6 burner range, griddle, grill, double fryer, bain marie, pannini grill, extractor canopy, shake machine, double st/stl sink. Wash up Area: St/stl sink, dishwasher. Lobby: Sep. Ladies and Gents: W.C. facilities - Store Room: Extensive Cellar: Comprising 3 dry storerooms, 3 chest freezers, chiller.

Property information

Property:

Leasehold

Lease terms:

TENURE – New 21 year lease RENT - £16,000 P.A. (3 year reviews)

BUSINESS RATES – £1,300 P.A. Payable 08/09

Living accommodation:

Comprising: 1st Floor: Bathroom: Full suite. Lounge: 16ft X 14ft. Kitchenette Area: 2nd Floor: Bedroom 1: Double. OBSERVATIONS: The premises benefit from gas fired central heating.

Location:

These superbly presented premises occupy a prominent trading position in a pedestrianised street between Ramsgate’s picturesque harbour and the town centre. The business enjoys a high level of trade all year round augmented by the influx of tourists during summer months.

Other information

Trading hours:

10.00am - 4.00pm – 7 Days (Huge scope for breakfast trade)