Mexican and American Restaurant in Kent For Sale

his establishment is situated in a prime town center KENT

Turnover £ 8,000
Price £300,000

Features

A Highly Acclaimed Mexican / American Restaurant

5 Star Hygiene Rating.
Outdoor sitting for 10-12 customers.

The restaurant's location is advantageous, being in close proximity to a range of local amenities, which naturally attracts customers to the area. Prospective owners will appreciate the vibrant setting, established customer base, and the comprehensive setup that facilitates immediate business operation.

The restaurant features a stunning and modern décor with a stylish interior that creates a warm, inviting atmosphere. It underwent a complete renovation in 2023 and has been fitted with high-quality finishes.

This well-reputed establishment is highly rated on platforms such as Tripadvisor, UberEats, Deliveroo, and Just Eat, and has also partnered with popular virtual brands for franchising. The restaurant is well-equipped to handle dine-in, takeout, delivery, and event catering services, offering an efficient system ready for further growth.

The interior space features new flooring, hanging lights, a bar, and an EPOSNow till system. It can accommodate up to 60 guests with tables, chairs, and leather benches. Additionally, it has a CCTV system with five cameras and a monitor and a Verisure alarm Zero Vision System for security. There is outdoor seating available for 10 people, complemented by French windows for an open-air dining experience.

Furthermore, the premises are wheelchair accessible, with disabled-friendly toilets as well as separate restrooms for ladies and gentlemen.

The kitchen is fully equipped with a stainless steel extractor unit, gas grill, four-burner cooker, three microwaves, a dishwasher, salad bar, two countertop fridges, four freezers, preparation tables, five fryers, and a very large walk-in cold room. Additional space includes a storage room at the back and a personal parking area, which is currently used by the owner.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (50% VIA PORTALS)

Staff

The business is opperated but the owner with 3 full time and 4 part time staff.

Trading Hours

Open 7 days a week, 12 noon - 10pm for business in the restaurant, however the Home deliveries open at 10am-10pm.

Accommodation

2 SELF CONTAINED FLATS COMBINED RENTAL INCOME £42,000

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,500 per month . The accommodation comprises:

1 Large bedroom.
Study
Kitchen with open plan Lounge.
Shower room with shower, w.c. and wash hand basin.
Balcony

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £2,000 per month . The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

There is a lot of parking on both sides of the restaurant, both paid and unpaid. I have my own parking space at the rear.

Tenure

We understand from the vendor that the Lease was granted September, 2015 for 20 years. Rent review is every 5 years. The next rent review which was due in September has already been agreed with the freeholder and will be £67,000 a year as from November 2025. COMBINED RENTAL INCOME £42,000 making the reant payable at the current time of £25,000

Business Rates from April 2025 £6,000 approx. (Please contact local authority to confirm)

Although the business has been established for 20 years, the current owner has managed it for the last 10 years and is selling due to relocation. Training opportunities will be provided to the new owners.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote