Hotel with Restaurant & Bar in Folkestone For Sale

Detached property, excellent trading position, residential and office, FOLKESTONE, KENT

Turnover £ 6,000
Price 285,000

Features

10 Room Hotel with Bar, Restaurant and Events Lounge

CAR PARK FOR 14 CARS

4 STAR HYGIENE RATING

FRONT BISTRO BAR. Fridge and glasswasher with seating for 20 persons.

RESTAURANT. Tables and chairs providing seating for 50 persons

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

REAR BAR. Fridge, glasswasher plus function room for 90 persons

EVENTS ROOM. 120 standing. 80 seating

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

Gardens with seating for 50 persons

KITCHEN. Stainless steel extractor unit, 8-burner gas cooker, 2 cake fridges, 5 freezers, 4 fridges, 2 commercial microwaves, hotplate, stainless steel extractor unit.

Walk-in coldroom

10 en suite Double Bedrooms over 2 floors with a mixture of showers and baths.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w.

Staff

The business is at present operated by the vendor on a part time basis with the help of the vendor's son with 2 full time cooks, 1 part time pot washer plus 1 full time cleaner / waitress with 2 full time bar staff, 2 part time bar staff and additional staff as required.

Outside

Rear garden with lawn, shrubs, flower borders

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a LONG LEASE, from a private landlord, granted for 99 years in 1984 at a rent of £23,000 p.a. fixed.

Business Rates from April 2025 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £285,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 199,500 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote