Well Established Café in Kent For Sale

Situated in a parade, main road trading position, densely populated residential area, KENT

Turnover £ 4,700
Price £120,000

Features

Old Establised Café

6 DAYS OPENING
5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 430 ft² with tiled floor, ceiling with fluorescent lighting, sales counter, cash register. Tables and chairs providing seating for 28 People.

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 6-burner), deep fryer (2 pan), griddle, boiler, 3 x fridge, Under counter freezer, freezer, 3 microwaves, refrigerated cake display fridge, Coffee Machine.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,700 p.w. with a Gross profit of 65% approx. (20% VIA PORTALS)

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

6 Day week
MONDAY - SATURDAY 6am - 3.30pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,200 per month . The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

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 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £19,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2002, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote