Restaurant and Wine Bar in Folkestone For Sale

Situated in a parade, town centre, position, FOLKESTONE, KENT

Turnover £ 7,000
Price £95,000

Features

Licensed Wine Bar & Restaurant

FORECOURT FOR 16 PEOPLE
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,220 ft² WITH CANOPY, wood strip floor, ceiling with spot lights. Bar, drinks display fridges, EPOS till, glass washer. Tables and chairs providing seating for 36 People, CCTV system (6 cameras, 1 monitor), Air conditioning with hot air.

Open plan Kitchen, stainless steel extractor unit, Gas 6-burner Cooker (Electric / ), 2 under counter fridges, under counter freezer, saladbar (cool), drinks display fridge (glass fronted upright double-door), deep fryer (2 pan), grill, bain marie (6-pot), 2 x commercial microwave,, sink

Basement additional Tables and chairs providing seating for 25 People..

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

Staff Toilet with w.c. and wash hand basin…

Additional Kitchen triple sink and drainer, stainless steel extractor unit, 4-burner Cooker, freezer, deep freeze, fridge.

Walkin coldroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx. (£2,500 DELIVERIES)

Staff

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

Trading Hours

7 Day week
MONDAY - THURSDAY 2pm - 10.30pm
FRIDAY 2pm - 11pm
SATURDAY 12pm - 11pm
SUNDAY 12pm - 10pm

Outside

Parking space for 1 car.

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 2023 with reviews every 5 years (next review 2028) at a current rent of £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote