Restaurant in Gillingham For Sale

Situated in a parade, excellent trading position, KENT GILLINGHAM

Turnover £ 3,000
Price £69,500

Features

Well Equipped Licensed Restaurant (english, Portuguese & Italian Cuisine)

Spacious front area with space for tables & chairs for approximately 42 persons

ATTRACTIVE RESTAURANT with laminated floor, ceiling with inset lighting plus hanging lighting, wall lighting. Tables & chairs plus upholstered bench seating for approximately 46 persons. Counter, electronic cash register, 3-door glass fronted counter fridge, coffee machine, coffee grinder etc.

LEVEL OPEN PLAN KITCHEN AREA with extractor system, stainless steel cladding to walls (cooking are), 4-burner gas cooker with oven, gas double deep fryer, gas griddle, upright stainless steel fridge, dishwasher, commercial microwave oven, panini toaster, toaster, stainless sink & drainer, wash hand basin etc.

Storeroom with 2 deep freezers, 2 fridges

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

Turnover

WE ARE INFORMED the turnover averages £3,000/£3,200 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present mainly staff operated. 4 staff employed with the vendors assistance at weekends.
In our opinion with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Thursday inclusive - 9 a.m. - 6 p.m.
Friday & Saturday - 9 a.m. - 11 p.m.
Sunday opening - 10 a.m. - 4 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING is at present let room by room & provides a rental income in the region of £300 p.w. however, we understand that vacant possession can be given if required. The accommodation comprises:

3 bedrooms (2 doubles, 1 single)
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large lounge
Kitchen with fitted units

Outside

Service road at rear with car parking space for 1 car

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of £22,500 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter.
(As will be appreciated with the current rental income of £15,600 the net rental payable at the present time is only £6,900 p.a. exclusive of rates).

Uniform Business Rates: Nil payable at present after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote