Cocktail Bar in Kent For Sale

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

Turnover £ 4,500
Price £129,950

Features

Wine & Cocktail Bar

5 DAYS OPENING
FORECOURT WITH SEATING FOR 10 PEOPLE
5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,358 ft². with Canopy, tiled floor, suspended ceiling with spot and hanging lighting, Air conditioning with hot air. Bar, EPOS till, , 4x drinks display fridge (glass fronted upright double-door), Tables and chairs providing seating for 60 People.

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

Preparation room, hob.
Stock room with under counter freezer.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor on management basis with 2 full time 2 part time staff.

Trading Hours

5 Day week
WEDNESDAY 5pm - 10pm
THURDAY 5pm - 11pm
Fri 4- 11
Sat 2pm - 11
Sun 3pm - 8pm

Outside

Parking space for 1 car.

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 2024 with reviews every 5 years (next review 2029) at a current rent of £20,000 p.a.

Business Rates from April 2024 £800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £129,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 64,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote