Well Fitted Cafe in Kent For Sale

Situated in a small parade, excellent main road trading position, residential, office and commercial area, Kent.

Turnover £ 3,750
Price £120,000

Features

Well Fitted Café

5 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 2 PEOPLE

Ample customer's car parking as there are no parking restrictions in front of shop.

DOUBLE FRONTED PREMISES in the region of 500 ft² WITH ELECTRIC SHUTTERS with double doors, tiled floor, ceiling with hanging lights, sales counter, cash register, under counter fridge / freezer, coffee machine (2 group), grinder, knock out drawer. Tables and chairs providing seating for 38 People.

Kitchen, stainless steel extractor unit, Gas 6-burner Cooker, 3 microwave, Panini toaster, toaster, Cooker, griddle, fridge.

Toilet with w.c. and wash hand basin.

Walkin coldroom.
Stock room / Store room - Meat slicer, display fridge, fridge, freezer.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 - £4,000 p.w. with a Gross profit of 65% approx. (10% on JustEat)

Staff

The business is at present operated by the vendor's son with 2 full time staff & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 4pm
SUNDAY 9am - 3pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (housing association) granted for 15 years in 2012 with reviews every 5 years (next review 2027) at a current rent of £10,000 p.a. We are advised the Landlord will, subject to an approved applicant, grant a 10 YEAR EXTENSION to the existing lease and the rent will, at the next review, increase to £11,000 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 £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