Brand New Licensed Restaurant and Takeaway in Kent For Sale

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

Turnover £ 4,500
Price £100,000

Features

Licensed Srilankan / South Indian Restaurant

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS in the region of 775 ft². Tiled flooring, LED lighting. Tables and chairs seating 40 persons. Bar, electronic cash register, under-counter drinks fridge. 4 stools. CCTV (4 cameras)

Ladies' and gentlemen's cloakrooms.

KITCHEN. Tiled floor, tube lighting. Stainless steel extractor, 8 burner cooker, dhosa machine, large single burner hob, 2 microwaves, hot cabinet, poppadom machine, 2 hotplate machines, large double door fridge, chest freezer with stainless steel top, double sink and drainer.

Store room

Fire exit

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w.

Staff

The business is at present staff operated. 2 full time staff plus 2 part time staff employed.
We are informed the wage bill averages £1,000 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday - 4 p.m - 11 p.m
Friday & Saturday - 2 p.m - 11 p.m

Outside

Small garden

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years SECURE RENEWABLE LEASE with reviews every 3 years (next review 2025) at a rent of £18,000 p.a. for the first 3 years.

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

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote