Modern Restaurant and Cocktail Bar in Chatham For Sale

Occupying a corner position, prominent trading position, residential, office and commercial area, CHATHAM, Kent.

Turnover £ 5,500
Price £75,000

Features

Modern Restaurant & Bar

6 DAYS OPENING
FORECOURT WITH SEATING FOR 8 PEOPLE (can be increased)
5 STAR HYGIENE RATING

DOUBLE FRONTED CORNER PREMISES in the region of 780 ft² with laminated strip floor, ceiling with spot lights. Bar, EPOS till, ice machine, glass washer. Tables and chairs providing seating for 52 People, CCTV system (4 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, grill, deep fryer (2 pan), hot plate, Oven, microwave, oven toaster, 5 fridges, 7 freezers, etc.

Toilet with w.c. and wash hand basin.

2 Stock rooms.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 - £6,000 p.w. with a Gross profit of 65% approx. (£1,000 online sales)

Staff

The business is at present operated by the vendor with 3 full time and 4 part time staff.

Trading Hours

6 Day week
TUESDAY - SAATURDAY 12 noon - 11pm
SUNDAY 9am - 6pm

Outside

Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2025 with reviews every 2 years (next review 2027) at a current rent of £16,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE DECEMBER 2024, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote