Cafe in Kent For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, close to Cathedral and Castle, Kent.

Turnover £ 3,000
Price £149,500

Features

Old Established Café

FORECOURT WITH SEATING FOR 18 PEOPLE
14,000 follower's on social media

SINGLE FRONTED PREMISES with laminated strip floor, hanging lights, sales counter, cake display fridge, cash register, Coca-Cola fridge Tables and chairs providing seating for 26 People, CCTV system (4 cameras)

Basement with functions room seating for 19 people

Kitchen, stainless steel extractor unit, Electric Cooker, microwave, oven, grill, 2 x Deep fryer, Panini toaster, mixer, Kitchen Aid, salamander grill, 5 fridges, 4 freezers.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (NO PORTALS)

Staff

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

Trading Hours

7 Day week
MONDAY - FRIDAY 10am - 4pm
SATURDAY & SUNDAY 9am - 5pm

Outside

Rear communal court yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £14,040 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FAMILY SINCE 2007, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote