Fantastic LICENSED MEZE RESTAURANT plus COCKTAIL BAR in Kent For Sale

Situated in a parade, excellent trading position, charming coastal town, blends historic character with modern amenities, sought after KENT TOWN

Turnover £ 18,000
Price £380,000

Features

Fantastic Licensed Meze Restaurant Plus Cocktail Bar

5 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES in the region of 1,765 ft² with tiled floor, suspended ceiling with spot and hanging lighting, Air conditioning with hot air, fresh air inlet. Bar, EPOS till, Tables and chairs providing seating for 90 People (can be expanded).

Kitchen, stainless steel extractor unit, Falcon Cooker, charcoal grill, deep fryer (2 pan), oven, refrigerated making table, 2 fridges, freezer, dishwasher (commercial), sink and drainer, etc.

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

Walkin coldroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. with a Gross profit of 65% approx. (10% ONLINE SALES)

Staff

The business is at present operated by the vendor with 9 full time & 3 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY 12 Miday am - 11pm
FRIDAY & SATURDAY 12 - 12.30 am

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating USED BY STAFF providing a rental income of £2,600 per month. The accommodation comprises:

Prep Kitchen, 2 deep freezer, 2 freezer
7 Bedrooms (1 double, 6 Single).
Kitchen.
Shower room with shower, w.c. and wash hand basin.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £42,000 p.a. for the first 4 years.

Business Rates from April 2025 £9,000 approx. (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 VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £380,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 190,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote