Well Presented Cafe in Gillingham For Sale

Occupying immaculate corner position, just off the High Street, busy through fare to main pedestrianised High Street residential, office and commercial area, close to mainline station, KENT GILLINGHAM

Turnover £ 5,000
Price £80,000

Features

Well Presented Long Established Café

CAR PARK NEARBY

6 DAYS OPENING

5 STAR HYGIENE RATING

Gazeno/parasol seating to front for 30 plus persons

DOUBLE FRONTED & SINGLE ENTRANCE to restaurant area in the region of 500 ft². Recently refitted to a high standard. Porcelin commercial non-slip tiled floor, pendant lighting. Quality tables and chairs seating 30 persons. Sales counter, EPOS till (on lease) chilled cake display (storage under) drinks fridge, 2 group espresso coffee machine ( Expobar & Lincat eco friendly - on loan), knock out drawer, grinder (on loan) , milkshake machine, wash hand basin, Lincat boiler, blender. CCTV upgrade including new extra cameras & dvr unit.

Unisex cloakroom with toilet and sink

KITCHEN/PREPARATION AREA. Tiled floor, LED spotights, stainless steel extractor, 2 chef's fridges, wash hand basin, Merry chef oven (Econ 3), stainless steel polished chrome grill, Lincat single basket fryer, second deep fat fryer, single induction hob, 3 microwaves, pizza topper, 2 under-counter fridges with stainless steel surface,full height single door freezer, 2 under-counter freezers, dish washer, single sink and drainer, wash hand basin.

WASH UP AREA. Stainless steel sink, commercial dishwasher

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 65% approx. having potential for further increase with the introduction of deliveries & outside catering.

Staff

The business is at present operated by the vendor with the assistance of 4 part time staff. We are informed the wage bill averages £1,250 p.w. approx.

Trading Hours

6 Day week
MONDAY - SATURDAY 8 a.m - 3 p.m
CLOSES SUNDAY
In our opinion the business offers potential for longer opening hours, if desired.

Outside

1 Parking space to rear (electric car charging).

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £10,200 p.a.

Uniform Business Rates: Nil payable at present (please contact local authority to confirm)

Price

RECENTLY REDUCED FOR QUICK SALE TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote