Grill Restaurant and Cocktail Bar in Kent For Sale

Situated in a parade, excellent trading position, KENT

Turnover £ 16,000
Price £325,000

Features

Attractive well Fitted Licensed Grill Restaurant & Cocktail Bar

At present Turkish cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine if desired.

Grade II listed building

ATTRACTIVE & SPACIOUS DOUBLE FRONTED RESTAURANT with woodstrip floor plus rear section tiled floor. Ceiling with inset lighting plus 2 air conditioning units. Tables & chairs providing seating for 70 persons.

COCKTAIL BAR, 4 draft beers, 1 2-door glass fronted counter fridge, 1 3-door glass fronted counter fridge, 2 group coffee machine, coffee grinder, fruit juice machine, blender, glasswasher etc.

LARGE KITCHEN with non-slip floor. Well fitted including 10-burner gas cooker with 2 ovens, double deep fryer, Rationale oven, 5 chest deep freezers, 4 stainless steel fridges, walk-in coldroom, double sink, wash hand basin etc.

Disabled cloakroom with w.c. & wash hand basin

Ladies' & Gentlemen's cloakrooms each with w.c. & wash hand basin

Adjoining dining area / function room. Tiled floor, retractable roof with lighting.

Tables and chairs seating 50.

Turnover

WE ARE INFORMED the turnover averages £15,000/£17,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The restaurant is at present operated by the vendor with the assistance of 4 chefs, 2 kitchen porters. Restaurant area 2 full time waiters, 1 full time waitress plus part time waiters/waitresses.

Trading Hours

7 days per week
11 am - 11 pm

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, comprises:

2 Bedrooms (1 large double, 1 additional double)
Shower room with shower, w.c. & wash hand basin (new suite)
Lounge

In addition on the first floor is a storeroom plus 1 small storeroom

Outside

Smoking / Shisha area seating 12.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £40,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates 2023/2024: £3,500 p.a. approx. after small business relief

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £325,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 162,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote