Restaurant & Bar in Kent For Sale

Situated in a parade, excellent High Street trading position, KENT

Price £45,000

Features

Bar & Restaurant

We understand the restaurant has been established as an American Diner since 1995 years catering for burgers, ribs, hotdogs etc. This could obviously be continued & in our opinion there is potential for other types of cuisine including possibly Mexican.

Front entrance to SPACIOUS FIRST FLOOR RESTAURANT with laminated strip floor. Tables & chairs providing seating for 85/90 persons. LARGE BAR with tiled front, back shelving, coffee machine, 3 single door glass fronted counter fridges. Reception area with touchscreen till.

LEVEL KITCHEN with non-slip floor, 2 commercial microwave ovens, large gas griddle, charcoal grill, 4 deep fryers, 4 fridges, 1 chest deep freezer, 1 upright deep freezer, double sink & drainer, dishwasher, walk-in coldroom etc.

DESSERT AREA with 3 under-counter fridges

Storeroom with chest deep freezer

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

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 2011 with reviews every 5 years (next review 2026) at a current rent of £24,500 p.a.

Business Rates from April 2023 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £45,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote