Sports Bar and Restaurant in Kent For Sale

Situated in a Parade, excellent High Street trading position, office and commercial area, Kent.

Turnover £ 18,000
Price £350,000

Features

Well Fitted Sports Bar & Restaurant


NEWLEY FITTED 2024

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, Industrial non slip vinyl flooring, suspended ceiling with LED lighting, 18 wall mounted televisions.

Tables and chairs providing seating for 75 People.

Bar - EPOS cash registers, bean to cup coffee machine, 6 pumps, undercounter fridges, ice maker, glass washer, wash hand basin, double sink, wall mounted television.

Open plan kitchen - Stainless steel extractor, Grill, Griddle, three twin basket deep fat fryers, bain marie, hot cupboard, two chilled serve overs, Unox combi oven/microwave,
single door tall fridge, single door freezer, single sink with drainer, stainless steel preparation table, etc,


Ladie's cloakroom with 2 cubicles toilet and wash hand basin.

Gentlemen's 2 urinal, 1 cubicle and wash hand basin.

Disabled access cloakroom with toilet and wash hand basin.

Store room.

AV cupboard.


Stairs to BASEMENT.

Stainless steel extractor, combi oven, 3 undercounter fridhges with stainless steel top, 2 preparation tables, chest freezer with stainless steel top, glass washer, dishwasher, double sink, etc

Walkin freezer.

Walkin fridge.

Beer cellar.

Office.

Chemical store.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. with a Gross profit of 65% approx. (30% VIA PORTALS)

Staff

The business is at present operated by one of the partners with the assistance of 2 full time and 8 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 10 a.m. - 10 p.m.
FRIDAY & SATURDAY 9 a.m. - Midnight
SUNDAY 9 a.m. - 10 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £54,500 p.a.

Business Rates from April 2025 £18,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE APRIL 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS SUBJECT TO ENTERING INTO A FRANCHISE AGREEMENT, FULL DETAILS AVAILABLE UPON REQUEST.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote