Closed Licensed Restaurant in Kent For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Kent.

Price £80,000

Features

Well Fitted Licensed Restaurant (closed)

FORECORT WITH SEATING FOR 16 PEOPLE (with 4 Patio Heaters)

DOUBLE FRONTED PREMISES WITH CANOPY & BIFOLD DOORS, ceiling with spot & hanging lights, tiled floor. Bar, EPOS till, Air conditioning with hot air. Tables and chairs providing seating for 45 People, CCTV system (4 cameras, 1 monitor).

Kitchen, stainless steel extractor unit, Gas charcoal grill, flat line grill, 2x deep fryer (2 pan), Gas 4-burner cooker, Electric oven, 2x fridge, 2x freezer, dishwasher (commercial), washing machine, salamander grill, etc

Walkin coldroom.

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

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in October 2016 with reviews every 5 years (next review October 2026) at a current rent of £26,000 p.a.

The Landlord requires a £13,000 rent deposit.

Business Rates from April 2023 £3,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £80,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote