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Reference R7986

Restaurant in Gillingham For Sale

Restaurant in Gillingham For Sale
Buy a Restaurant in Gillingham For Sale Sell a Restaurant in Gillingham For Sale Restaurant in Gillingham For Sale for Sale

Register to see map and to make an appointment 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

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