Detached Licensed Restaurant in Welling For Sale

Occupying an excellent main road trading position, KENT. WELLING

Turnover £ 3,500
Price £120,000

Features

Most Attractive & Spacious Detached Licensed Restaurant

4 DAYS OPENING

5 STAR HYGIENE RATING

Outstanding opportunity to acquire a spacious Licensed Restaurant in this excellent trading position. There are a number of multiple companies represented in the area including McDonalds & Kentucky Fried Chicken. The restaurant is at present operated as International Cuisine. In our opinion in view of the excellent trading position, there is tremendous potential for other types of cuisine.

Full Gas Fired Central Heating

IMPRESSIVE & SPACIOUS RESTAURANT in the region of 1,880 ft². Frontage approximately 43' 7 x a depth of 37' 7. Tudor style with beamed uprights & beamed ceiling. Stage area for band. Tables & chairs providing seating for 140 persons. BAR with electronic cash register, double sink, ice machine.

SEPARATE SERVERY AREA with cool display counter, 2 coffee machines.

Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with 1 w.c. 2 uringals, wash hand basin

LEVEL KITCHEN approximately 22' x 18' mainly stainless steel equipment. The equipment includes 8 burner gas cooker with double oven, double Valentine deep fryer, charcoal grill with 3 burners, commercial dishwasher, double sink & drainer, 4 stainless steel work tables, walk-in coldroom, 2 large chest deep freezers, 2 other chest deep freezers etc.

2 Storerooms
Staff room

Turnover

WE ARE INFORMED the turnover is in the region of £3,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours.

Staff

The restaurant is at present operated by the vendor with in the kitchen area 2 chefs plus 3 additional staff at weekends. Restaurant area 2 waiters plus 2 additional waiters at weekends.

Trading Hours

4 evenings per week
Wednesday & Thursday - 6 p.m. - 10.30 p.m.
Friday & Saturday - 6 p.m. - 11 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates from April, 2023: £7,000 p.a. approx.

MUST BE SEEN TO BE FULLY APPRECIATED

RETIREMENT SALE

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote