Attractive Restaurant & Wine Bar in Kent For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, KENT

Turnover £ 8,000
Price £130,000

Features

Attractive Persian / Turkish Restaurant & Cocktail Bar with Roof Terrace Licence

FORECOURT WITH SEATING FOR 10 PERSONS

NEWLY FITTED 2021 TO A HIGH STANDARD

6 DAYS OPENING

5 STAR HYGIENE RATING

The business currently trades as Persian/Turkish Restaurant, which could obviously be continued or in our opinion there is potential for other types of cuisines, if desired.

DOUBLE FRONTED PREMISES with BIFOLD DOORS, laminated strip floor, pendant lights. BAR, cash register. Tables and chairs providing seating for 50 persons. Licence for shisha bar roof terrace with protential seating for 40 persons (not utilised as yet). CCTV system (7 cameras, 1 monitor), security alarm system.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, 3-burner charcoal grill, 3-burner gas cooker, microwave, 2-pan deep fryer, 5 fridges, 4 freezers, double sink and drainer, dishwasher.

Toilet with w.c. and wash hand basin

Stockroom / Storeroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 4 full time & 2 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 11 p.m.

Licence Granted
(Sunday - Wednesday 9 a.m - 11 p.m. Thursday - Saturday 9 a.m. - 1 a.m).

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £25,500 p.a.

Business Rates from April 2023 £2,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 including STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 65,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote