Asking price: £45,000

Sales revenue: < £200k

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
25 COVERS - WELL APPOINTED LOCK UP PREMISES

Well established having been in the present hands for some 6 years and now only being marketed as a result of the vendors wish to semi retire. Tremendous potential exists for the introduction of longer opening hours and outside catering.

TURNOVER – We are advised T/O averages £1,300 – 1,500 PWK @ 65% GP.

PREMISES – Immaculate mid parade premises with double frontage and single entrance to: Restaurant Area: Tastefully decorated, 25 covers at quality furniture, serve over refrigerated counter, elect cash register, cappuccino coffee machine, twin door drinks chiller. Open Plan Kitchen: Heated display cabinet, grill, toaster, extractor canopy, griddle, double fryer, 3 fridges, freezer. Wash Up area: St/stl sink, hob, oven, microwave oven, freezer. Customer WC. and w/basin.

OUTSIDE: Yard: 1 Parking space:

Trading hours: 8.30am - 4.30pm Mon – Sat Closed Sun

Property: Leasehold

Lease terms
TENURE – 6 years remaining on original lease. RENT - £7,500 P.A. (fixed for the duration of the lease) RATES - £2,400 P.A. (Payable 08/09)

Location
These well presented premises occupy a coveted trading location being just off the High Street of this prominent Kent town. The business enjoys an excellent level of passing trade augmented by a high percentage of local trade. Gillingham mainline rail station is only 100m away and Greenwich University Medway campus is only 0.5 mile distant.