Excellent Spanish Restaurant in Kent For Sale

Situated in a parade, excellent main road trading position, sought after residential area, KENT.

Price £165,000

Features

Spanish Restaurant Bar

5 DAYS OPENING
OUTSTANDING DÉCOR

Currently trading as a Spanish Restaurant, which could obviously be continued, however in our opinion there is potential for other types of cuisines, if desired.

DOUBLE FRONTED PREMISES in the region of 850 ft² with canopy. Amtico flooring, ceiling with hanging lights. BAR with seating for 6 persons. EPOS till, Tables and chairs providing seating for 70 persons, Air conditioning with hot air.

LARGE KITCHEN. 2 stainless steel extractor units, 6-burner gas cooker, 2 pan deep fryer, microwave, stainless steel preparation table, grill.

Walk-in coldroom

Combi walk-in firdge & freezer

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Turnover

WE UNDERSTAND the vendor enjoys a good turnover, full details of which will be discussed upon inspection.

Staff

The business is at present operated by the vendor with 2 full time staff & 4 part time staff.

Trading Hours

6 Day week
TUESDAY - FRIDAY 12pm - 4pm then 6pm - 11pm
SATURDAY 12pm - 11pm
SUNDAY 12pm - 8pm

CLOSED MONDAY

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 25 years in 2016 with reviews every 4 years (next review 2028) at a current rent of £42,000 p.a.

Business Rates from April 2025 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote