Well Established Licensed Cafe Restaurant In Kent For Sale

Business description

Outstanding opportunity to acquire a Spacious Café/Restaurant with the advantage of additional rear shop front and customer's access.

Front area with space for tables and chairs for 15 persons (Licence Fee payable currently of £150 p.a).

SPACIOUS SINGLE FRONTED CAFÉ/RESTAURANT split level. Front section with industrial non-slip floor. Rear section with Amtico floor. Suspended ceiling with concaled lighting, tiled walls. Tables and chairs providing seating for 72 persons. Front area with large cool display serveover counter with refrigerated stoarage section, additional counter, hot display cabinet, 2 microwave ovens, electric fan assisted oven, panini toaster, gravity feed slicer, additional toaster, electric cash register, upright double door glass fronted display fridge, 3 menu blackboards. CCTV system with 4 cameras plus recording and monitor.

OPEN PLAN KITCHEN situated between the front and rear section seating area with serving counter. Well equipped including 3-door stainless steel counter fridge, upright white fridge, 4-burner gas cooker with oven, electric double deep fryer, large griddle, double sink and drainer, juice machine etc.

Stairs to first floor

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

Freezing room with 2 chest deep freezes, 2 fridge/freezers, upright fridge

ADDITIONAL FIRST FLOOR KITCHEN with non-slip floor. The equipment includes 6-burner gas cooker, double sink and drainer, single sink, small fridge, stainless steel table, microwave oven etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlady, the present lease expiring in March, 2017 at a current rental of £20,004 p.a. exclusive of rates. We understand that the rent was due for review in March, 2011, however, the landlady has confirmed that the rent will remain the same for the following six months and therefore there may well be an additional increase in the rent shortly, however, the present tenant does not anticipate any major increase. We are further advised that the rent reviews are every 3 years.

Uniform Business Rates: £7,270 p.a. approx.

THIS WELL ESTABLISHED CAFÉ/RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent trading position, KENT TOWN

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,500 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 SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £189,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Operated on a 6 day week basis opening Monday - Saturday inclusive - 7 a.m. - 4 p.m.
NO SUNDAY TRADING
(We understand the Restaurant Licence for the sale of wines, beers and spirits can operate until 11 p.m. each day, if desired). In our opinion there is potential for additional opening hours, if desired.

Employees:

At present operated by a husband and wife team with the assistance of a relative on a full time basis plus 4 part time staff.

Other information

Financing available:

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