Easy Hours Restaurant in Kent For Sale

Situated in a parade, close to the high street, commercial and residential area, KENT.

Turnover £ 1,000
Price £40,000

Features

Easy Hours Licenced Restaurant

EASY HOUSE (14½ HOUR WEEK)
5 DAYS OPENING.
5 STAR HYGIENE RATING.

SINGLE FRONTED PREMISES in the region of 550 ft² WITH ELECTRIC SHUTTERS, tiled floor, ceiling with spot lights and wall lights, sales counter, EPOS till, Tables and chairs providing seating for 18 People, CCTV system (4 cameras).

Kitchen, stainless steel extractor unit, Gas 6-burner Cooker, Gas 2-burner Cooker, 3 x microwave, deep fryer (2 pan), 3 deep fryer, 2 tall fridge, 2 x deep freezers, 2 under counter freezers, 2 under counter fridges, dishwasher, double sink and drainer.

Toilet with w.c. and wash hand basin.

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,000 p.w. with a Gross profit of 65% approx. (90% ONLINE SALES)

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff.

Trading Hours

5 Day week
Tue - Thur 5.30 - 8.30 pm
Fri 5.30 - 9.30
Sat 4 - 9.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2024 with reviews every 3 years (next review 2027) at a current rent of £9,600 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote