Traditional Cafe in Kent For Sale

Situated in a parade, main road trading position, residential area, KENT

Turnover £ 5,500
Price £129,950

Features

Traditional Café

5 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 16 PEOPLE
NEWLY FITTED 2021

DOUBLE FRONTED PREMISES in the region of 900 ft² WITH ELECTRIC SHUTTERS, Amtico flooring, suspended ceiling with LED lights, sales counter, cash register, Tables and chairs providing seating for 40 People, CCTV system (12 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, Gas 4-burner Cooker, 2 griddles, 3 microwaves, Bean to cup coffee machine (17 months old), 2 under counter fridges, large freezer, sink and drainer, dishwasher, boiler.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin, washing machine.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 75% approx. 9NO DELIVERIES)

Staff

The business is at present operated by the vendor with family support & 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 2.30pm
SUNDAY 8am - 2pm

Outside

Rear yard plus Parking space for 1 car.

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 2023 with reviews every 5 years (next review 2028) at a current rent of £21,000 p.a. + VAT

Business Rates from April 2023 £1,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £129,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 64,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote