Artisan Coffee Shop in Maidstone For Sale

Situated in a parade, main road trading position, residential, office and commercial area, KENT MAIDSTONE

Turnover £ 2,500
Price £47,500

Features

Exceptional Artisan Coffee Shop (a3 Use)

6 DAYS OPENING

Outside seating for 15 (could be increased.)

Dual entrance coffee shop

DOUBLE FRONTED PREMISES (total area 1,000 sq. ft. approx). Electric heaters, hard wearing wood effect laminate, flooring, plasterboard ceiling with spot and pendant lights, railway track utility conduit.

Total capacity - 38 covers - a variety of luxurious sofas, quality wooden tables and chairs, bespoke stalls and counters. Sales Counter, touch screen till, 2 group coffee machine, knock out drawer, 2 glass fronted fridges (Osborne and Autonomous), Polar milk fridge, salad fridge, uright single door stainless steel freezer, double paini press, Polar ice making machine, wash hand basins.

SEPARATE KITCHEN - tiled floor. Blue Seal turbo fan oven, hotplate, Apollo induction hob, double door fridge, industrial blender, single sink with drainer, glass washer, kettle.

Cloakroom plus 2 storage areas & 2 toilets each with toilet with wash hand basin (one with disabled access)

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. with a gross profit of 75% approx. with 10% via Just Eat.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

6 Day week
Tuesday - 9 p.m. - 5 p.m.
Wednesday - 9 p.m. - 2 p.m.
Thursday - 9 p.m. -5 p.m.
Friday - 9 a.m - 7.30 p.m.
Saturday - 9 a.m - 6 p.m.
Sunday - 10 a.m. - 6.30 p.m.

Outside

Seating to the front for 15 people (scope to increase.)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 5 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £24,000 p.a.

Business Rates from April 2023 £3,516 approx (including small business relief). payable (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £47,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 23,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote