Licensed Mexican Restaurant in Kent For Sale

Situated end of small parade, busy road, expanding area with many offices nearby plus flats, KENT

Turnover £ 5,000
Price £70,000

Features

Licensed Mexican Restaurant & Takeaway

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 550 ft². Woodstrip floor, ceiling with spotlights. Air conditioning with hot air. Bar, EPOS till. Tables and chairs providing seating for 25 persons.

KITCHEN. Stainless steel extractor unit, 4-burner cooker, griddle, oven, deep fat fryer, dishwasher, commercial microwave, sink, 2 fridges, 2 undercounter fridges, deep freeze, preparation table, shelving, etc.

Ladies' & gentlemen's toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a gross profit of 65% approx. (70% Deliveries)

Staff

The business is at present operated by the staff with 3 full time kitchen staff (including the chef), and 2 part time staff (including a driver.)

Trading Hours

7 Day week
MONDAY 5 p.m. - 10 p.m.
TUESDAY - THURSDAY 12 noon - 10 p.m.
FRIDAY & SATURDAY 12 noon - 11 p.m.
SUNDAY 12 noon - 10 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2021 with reviews every 4 years (next review 2029) at a current rent of £12,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE APRIL 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote