This is a rare opportunity to acquire a popular Restaurant/Bar based in Margate, Kent. The business is available on a leasehold basis.
The business operates as a fashionable restaurant/bar venue selling the very best local produce, with the aim of creating a hub in the local community and bringing quality food at affordable prices to local people and tourists alike. The business is located on the Parade in Margate and offer a selection of Mediterranean small plate dishes that can be treated as a light bite or combined with other small dishes to create a meal. They are fully licenced and provide a good selection of beers & wines to their customer base to complement their food and create a pleasurable dining experience. They sell items from breakfasts, homemade pizzas, pastas, and salads, to burgers, fish and chips, vegetarian options and much more based on traditional recipes. It has received great reviews for its welcoming atmosphere and excellent quality food and drink. The cafe is open seven days a week and is a popular spot for locals and visitors alike.
The premises has been renovated to a high standard throughout as the current owner has skilfully combined the character features of the building with modern fixtures and fittings to create a comfortable, welcoming interior. The interior of the restaurant can accommodate 30 covers comfortably and there is also an outdoor seating area for up to 52 diners which is incredibly popular with tourists during the warmer months.
The business has been established since 2016 and has experienced substantial growth on an annual basis since then. They have built up an excellent reputation in their local community and are considered a household name in the town. They can also boast a loyal customer base which has resulted in a vast amount of repeat business which has led to impressive financial figures over a sustained period.
• High footfall and passing trade
• Highly sought-after location
• Loyal customer base
• 30 internal covers
• 52 external covers
• Alcohol licence
• All fixtures and fittings included
• Competitive lease
• Minimal competition
• High turnover – £280,241
• Huge potential for further growth and success.
• Parking nearby
It is with a heavy heart that the current vendor is selling due to personal reasons. Due to the location and impressive financial performance of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking an established business within the catering/licenced sector or an existing business looking for a lucrative acquisition.
We have already received a high number of enquires at this initial stage, so to avoid disappointment, please contact us for further information.