Restaurant & Bar in Kent For Sale

Main road trading position, KENT

Turnover £ 5,750
Price £475,000

Features

Freehold Detached Licensed Restaurant with Bar

GRADE II LISTED BUILDING

CAR PARK AT REAR FOR APPROXIMATELY 15 CARS

The Restaurant is well established as Chinese cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine if desired.

Entrance to BAR fully carpeted, ceiling with spotlighting. BAR with 9 hand pumps, 1 soft drinks dispenser, 2 double door glass fronted counter fridges, sink, electronic cash register, pool table (owned) etc.

RESTAURANT with quality laminated strip floor, ceiling with inset spotlighting. 2 air conditioning/heating units. Tables & chairs providing seating for 45 persons.

Disabled cloakroom with w.c. & wash hand basin plus ladies' & gentlemen's cloakrooms with w.c. & wash hand basin

LARGE COMMERCIAL KITCHEN with quarry tiled floor, stainless steel cladding to walls, 7-burner Chinese cooker, 6-burner gas cooker with oven, double deep fryer, double sink & drainer, wash hand basin, 2 chest deep freeezers, 1 upright deep freezer, stainless steel fridge etc.

ADJOINING PREPARATION ROOM with sink plus 1 chiller fridge

Turnover

WE ARE INFORMED the turnover is currently in the region of £5,500/£6,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending April, 2022 showed £194,303 with a gross profit of £114,978

Staff

The business is at present operated by the vendor with the assistance of his wife (who is a chef) with the assistance of 2 cooks plus 3 part time waitresses.

Trading Hours

Sunday - Thursday inclusive - 1 p.m. - 10 p.m.
Friday & Saturday - 1 p.m. - 11 p.m.

Accommodation

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

3 Double Bedrooms (1 with en suite shower room with shower, w.c. & wash hand basin)
Large bathroom with bath, shower, w.c. & wash hand basin
Large Lounge
Small Office
Fully fitted kitchen

In addition there is a detached accommodation block at rear comprising:

4 Double Bedrooms
In addition there is a shower room with shower, w.c. & wash hand basin

This accommodation is currently utilized by staff.

We understand that there is planning permissiion to erect further accommodation at rear to provide an additional 3 double bedrooms all with en suite facilities.

In our opinion there is terrific potential to develop part of the accommodation to be utilized for Bed & Breakfast.

Outside

Car park for 15 cars
Beer Garden

Tenure

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £475,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 332,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote