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Reference R9624

Cafe Sandwich Bar with full A3 use, offered for sale due to owner's retirement after 25 years in Kent For Sale

Cafe Sandwich Bar with full A3 use, offered for sale due to owner's retirement after 25 years in Kent For Sale
Cafe Sandwich Bar with full A3 use, offered for sale due to owner's retirement after 25 years in Kent For Sale Buy a Cafe Sandwich Bar with full A3 use, offered due to owner's retirement after 25 years in Kent For Sale Sell a Cafe Sandwich Bar with full A3 use, offered due to owner's retirement after 25 years in Kent For Sale Cafe Sandwich Bar with full A3 use, offered due to owner's retirement after 25 years in Kent For Sale for Sale Cafe Sandwich Bar with full A3 use, offered due to owner's retirement after 25 years in Kent For Sale for Sale Cafe Sandwich Bar with full A3 use, offered due to owner's retirement after 25 years in Kent For Sale for Sale Cafe Sandwich Bar with full A3 use, offered due to owner's retirement after 25 years in Kent For Sale for Sale Cafe Sandwich Bar with full A3 use, offered due to owner's retirement after 25 years in Kent For Sale for Sale

Register to see map and to make an appointment Situated in a excellent primary trading location, desirable corner position, lively residential, office and commercial area close to the Cathedral and theatre, KENT.

Turnover £ 8,000
Price £220,000 / £795,000

Features

Café / Sandwich Bar / Takeaway (we Understand The Premises Have A3 Use)

Grade II listed building

Pavement seating area. Tables and chairs for 4 persons - separate licence. Further alfresco seating to rear (enclosed court yard with seating for 26 people.)

Total ground floor - 426.3ft² (39.6M²)

Corner entrance to twin aspect front of house. Partially beamed ceiling, with tube, pendant and wall lights, laminate woodstrip floor.

Counter, electric cash register, 2 display serveover units (ambiant and refigerated), double sliding door drinks fridge, 2 under-counter fridges, ice machine, 2 group coffee machine, grinder, 2 level salamander grills, panini press, wash hand basin.

High table with 3 stools, 2 further tables with chairs.

Main seating area - laminate floor with ceiling and pendant lights. Tables and chairs providing seating 20 persons

Separate Kitchen to rear. Tiled floor, fluorescent tube lighting. Electric oven, induction hob, microwave, 2 chest freezers, fridge, dishwasher, stainless steel work surfaces, double sink with drainer, wash hand basin,

Ladies and gentleman's cloakrooms with toilet and wash hand basin.

Turnover

Following lockdown the business has recently recommenced trading. WE ARE INFORMED by the owner pre-covid the turnover averaged £8,000 p.w. with a gross profit of 70% approx. We are advised sales year ending 31st March, 2020 showed £370,579 with a gross profit of £281,595.

Staff

The business is at present operated by the vendor with 6 full time staff plus 1 part time staff employed plus additional staff as required.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 6pm
SUNDAY 9am - 5.30pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via shop and door to the right of the shop over 2 floors:

1st floor -
Kitchen.
Shower room with shower, w.c. and wash hand basin.
Office.
Lounge.

2nd floor-
2 Bedrooms (1 double, 1 single)

Outside

To rear - walled courtyard (with awnings) - Tables and chairs seating 26 persons

Powered shed used for storage purposes

Tenure

The vendor owns the freehold and subject to satisfactory references are prepared to grant a new 12 years full repairing and insuring lease at a rental of £35,000 p.a. with rent reviews every 4 years.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR 25 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

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

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £795,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (lease) £ 556,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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Buy a Cafe Sandwich Bar with full A3 use, offered for sale due to owner's retirement after 25 years in Kent For Sale on NationwideBusinesses.co.uk