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Reference R9630
Situated in a parade, excellent High Street trading position, residential, office and commercial area, KENT. SITTINGBOURNE
Turnover £ 7,000
Price
£140,000
Features
Coffee Shop & Licensed Turkish Restaurant
TOTAL SIZE PREMISES 2,360ft² (220M²) over 3 floors.
Forecourt seating with awning, commercial umbrellas. 20 tables seating 50 persons - separate licence fee - £450 p.a.
6 DAYS OPENING, liquor licence to midnight.
DOUBLE FRONTED PREMISES with metal bifold doors, laminate wood strip flooring, pendant lighting. Gas Fired Central Heating. Ground floor area 1,110ft² (94M²), Tables & chairs providing seating for 54 persons. BAR 3 pumps, spirit servery, 4 bar stalls, epos till, 3 under-counter fridges, 3 group coffee machine, grinder, dessert fridge, upright Coca Cola drinks fridge, ice cream freezer, slush machine.
Additional family Room used for childrens family activities - soft play area
KITCHEN AREA. 2m pizza topping fridge, used for meze, charcoal grill, burger and steak grill, fryer, stainless steel extractor, stainless steel preparation surface, wash hand basin, double door under counter fridge, single sink, dishwasher, microwave, toaster
Separate Gentlemen's and Ladies' cloakrooms with toilet and wash hand basin, Baby changing room.
Stairs up to . . .
First floor area, including accommodation, 855ft² (80M²), laminate floor, pendant lighting. Additional seating area. Tables and chairs seating 40 persons.
Office
Stairs down to . . .
Basement area 500ft² (47M²). Concrete floor, tube lighting. Fully shelved, used for storage.
3m walk-in cold room, 3m walk-in freezer.
Turnover
WE ARE INFORMED by the owner the turnover currently averages £5,000/£8,000 p.w. Gross profit 65%
Staff
The business is at present operated under management with the assistance of 2 full time staff & 4 part time staff employed. We are informed the wage bill averages £2,000 p.w. approx.
Trading Hours
Sunday - Thursday inclusive - 9 a.m. - 1 a.m.
Friday & Saturday - 9 a.m. - 2 a.m.
CLOSED MONDAY
Accommodation
THE ACCOMMODATION entrance via the shop to rooms above (located on the first floor), comprising:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
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 2019 with reviews every 5 years (next review 2024) at a current rent of £25,000 p.a.
NIL Business Rates after full relief (Please contact local authority to confirm)
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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