Licenced Restaurant in Kent For Sale

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

Turnover £ 5,500
Price £109,500

Features

Licenced Lebanese Restaurant

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,400 ft² WITH AWNING AND ELECTRIC SHUTTERS-

Tables and chairs seating 70 people,

Wood and carpet flooring, suspended ceiling with pendant and spot lights, Air conditioning with hot air, drinks display fridge (glass fronted upright double-door), CCTV system (2 cameras, 1 monitor).

Bar - Touch screen cash register, under counter fridges, under counter freezer, ice maker, coffee machine, etc.

Kitchen, stainless steel extractor unit, Gas 4-burner Cooker, charcoal grill, microwave, fridges, freezers, preparation tables, dishwasher, double sink and drainer.

Toilet with w.c. and wash hand basin.

Stock room.

BASEMENT (not utilised) in the region of 135 ft²

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the 1 of partners with 2 full time and part time staff as required.

Trading Hours

7 Day week (with 3am licence)
MONDAY - THURSDAY 12 noon - 10 pm
FRIDAY & SATURDAY 12 noon - 11 pm
SUNDAY 12 noon - 10 pm

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 2019 with reviews every 5 years (next review 2029) at a current rent of £28,000 p.a.

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 £109,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 54,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote