Cocktail Bar in Kent For Sale

Unopposed trading position, close to seafront KENT

Turnover £ 5,650
Price £175,000

Features

Attractive Cocktail Bar Plus Large Commercial Kitchen

5 DAYS OPENING
5 STAR HYGIENE RATING
PREMISES in the region of 1,750 ft²
OUTSIDE SEATING FOR 15 PEOPLE
Tremendous protential to add full catering.

MAIN BAR
Fabric Curved bench seating, Fabric long bench seating, Large oval tables, Small white marble top tables, small round black marble top tables, large round black marble table, Large black retangular high tables, Fabric Throne chairs, Large green wicker loungers, small Yellow lounger chairs, wicker chairs, Commercial fabric Stools, Mustard Cuddle hair, Blue side table, Pedestal tables, marble top side tables, large marble top coffee table, fabric chairs, Large chandeliar, empire chandelier, white table lamps, brass wall lights, brass mirror, Music system with speakers, Security System, Outide tables, Outdoor benches, Outdoor wicker chairs, Patio Heater

BAR
Small drinks fridge, undercounter double drinks fridge, Undercounter freezer, Stainless Cocktail station set up in 1 hand wash sink, 1 sink, 2 ice trays, 2 glass washer, 2 speed rails, Low ball glasses, High ball glasses, Pineapple glasses, White wine glasses, Red wine glasses, Flutes, Brandy glasses, Gin Glasses, Shot glasses, Coupes, Branded coffee and tea mugs and saucers, Ninja blenders, professional coffee machine, coffee grinder, Verre du vin, Till monitors, Cash drawers

Tables and chairs providing seating for 54 People

Basement in the region of 400 ft²

Kitchen, Full Ventilation System, dumb water, Floor standing, Gas oven with Parminder, Large floor standing deep fat fryer, Small table top deep fat fryer, Rational Oven, Stainless counters, Heated Kitchen pass, Undercounter triple fridge, Plate Warmer, Tall wine fridge, Large Chest freezer, Med chest freezer, Small chest freezer, Tall single fridge, Double sink and drainer, Food wash sink with drainer, Hand wash sink, Panini Machine, Hoshizaki Ice Machine, Shelving, Large white plate set approx 30, small white plate set approx 30, small pink plates approx 15, small black plates approx 15, small green plates approx 15, various bowls, various kitchen utensils, knives, spoons, etc, pans and saucepans, Stainless food containers, William Edwards Tea set inc cups, saucers, side plates, teapots, sugar and milk jug, Richard Walsh cutlery set inc knifes, forks and spoons approx 25 covers, Gold cutlery set - knives forks and spoons approx 25 covers, Glass Coffee Mugs appr 15, White china Platters approx 10, Slate Platters approx 5, Wooden boards long approx 6, Large wooden boards approx 4, etc

Shower Room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,650 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the 2 partners on a partime basis with 1 full time plus 5 part time staff.

Trading Hours

5 Day week
Wednesday & Thursday 5–10?pm
Friday 3–11?pm
Saturday 12–11?pm
Sunday 12–7?pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a. + VAT

Business Rates from April 2023 £2,390 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote