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Reference R2080

Mediterranean Restaurant in Chatham For Sale

Register to see map and to make an appointment Situated in a parade, High Street trading position, KENT CHATHAM

Turnover £ 3,500
Price £110,000

Features

Attractive Licensed Mediterranean Restaurant

Public Car Park nearby (Pay & Display)

ATTRACTIVE & SPACIOUS RESTAURANT approx. 8 metres frontage with 6 windows, woodstrip floor (new approx. 2 months ago). Spotlighting plus 7 chandelier lights. Tables and chairs providing seating for 68 persons. Bar, double door glass fronted counter fridge, sink.

Level kitchen with tiled floor and tiled walls, 6-burner gas cooker with oven, deep fryer, microwave ovens, charcoal unit for cooking, refrigeraged pizza topping unit, 3-door stainless steel counter fridge, upright double door stainless steel fridge, upright glass fronted deep freeze, stainless steel tables, sink and drainer etc.

Fully tiled disabled cloakroom with w.c. and wash hand basin
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

The Restaurant is at present operated by the vendor with the assistance of 2 full time staff plus 1 part time waitress.

Trading Hours

12 noon - 3 p.m. & 5 p.m. - 11 p.m. seven days per week

Outside

Small yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 15 years unexpired from June, 2008 at a rental of £15,000 p.a. exclusive of rates up to June, 2012, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £1,900 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (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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