Mediterranean Restaurant with full on Bar in Kent For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, KENT

Turnover £ 12,000
Price £225,000

Features

Mediterranean Restaurant & Full On Bar

4 STAR HYGIENE RATING

FORECOURT AND GATED ENTRANCE & CANOPY

OUTSIDE SEATING FOR 68 PERSONS

DOUBLE FRONTED PREMISES in the region of 1,800 ft² with Bi-fold doors. Marble tiled floor, ceiling with hanging lighting & wall lights. CCTV system (8 cameras, 1 monitor). Air conditioning with hot air Tables and chairs providing seating for 34 persons.

BAR AREA (80 person capacity), 2 EPOS till, 3 group coffee machine, coffee grinder. Tables and chairs providing seating for 34 persons.

Walk-in coldroom

KITCHEN. Stainless steel extractor unit, grill, 5-burner gas cooker, hot plate, commercial dishwasher, glasswasher, heat lamps, 3 preparation tables, 4 fridges, 2 double sinks and drainer, microwave, bain marie, shelving.

Stockroom

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. with a gross profit of 62% approx. (NO DELIVERIES)

Staff

The business is at present operated by 2 partners with 3 full time & 2 part time staff employed.

Trading Hours

7 Day week
Monday - Thursday - 4pm - 11pm
Friday & Saturday - 12 noon - 11pm
Sunday 12 noon - 8pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 25 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £44,000 p.a. plus VAT

Business Rates from April 2022 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 112,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote