Licensed Café in Margate For Sale

Situated in a Parade, prominent trading position, residential, office and commercial area, MARGATE, Kent.

Turnover £ 4,475
Price £69,950

Features

Well Established Licenced Café

5 DAYS OPENING
5 STAR HYGIENE RATING
OUTSIDE SEATING FOR 40 PEOPLE

SINGLE FRONTED PREMISES in the region of 630 ft² laminated strip floor, ceiling with pendent lights, sales counter, cash register, drinks display fridge (glass fronted upright double-door).

Kitchen with stainless steel extractor unit, Electric Cooker, griddle, microwave, saladbar fridge, 2 under counter fridges, mixer

First Floor in the region of 265 ft²

Tables and chairs providing seating for 31 People.

Toilet with w.c. and wash hand basin.

2nd Floor in the region of 165 ft²

Office plus Storage

Basement not currently utilised

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,475 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the owner (part time) with 1 full time & 7 part time staff.

Trading Hours

5 Day week
WEDNESDAY - SUNDAY 10am - 4pm

Outside

Small Yard for bins

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2014 with reviews every 3 years (next review 2026) at a current rent of £26,000 p.a.

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

We understand the landlord will require a rent deposit, subject to references.

LONG ESTABLISHED, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote