Under Offer: LEASEHOLD LIC. CAFE/BAR/RESTAURANT

  • Price: £90,000
  • Leasehold Price: £90,000
Folkestone, Kent, England
Seller Ref:C1088
For Sale

Under Offer: LEASEHOLD LIC. CAFE/BAR/RESTAURANT

Folkestone, Kent, England
Seller Ref:C1088
  • Price: £90,000
  • Leasehold Price: £90,000

Overview

Seller Ref: C1088

Description

PRIME LOCATION
40 COVERS PLUS 18 OUTSIDE
EASY HOURS
HUGE POTENTIAL FOR EVENING TRADE
TURNOVER £320,000 P.A.
RENT ONLY £17,220 P.A.

LOCATION
These superbly presented premises occupy a prominent trading position fronting a busy street close to the centre of this charming Kent Town. The business serves a well populated, affluent residential area which provides regular all year round trade.

BUSINESS
The business was established by our Clients in December 2019 and which is now only being marketed as a result of the Vendor requiring a change of business environment. Our Clients currently only trade during the daytime offering tremendous potential to open evenings (1 evening per week has just been introduced and has proved to be most successful).

TURNOVER
Accounts show £320,000 P.A.

STAFF
Vendor plus 3 Full time and 5 part time staff WAGES – £12,000 pcm

HOURS
9.00am to 5.00pm – Tues to Sat (Sun 9.30am to 3.00pm) (Closed Mon) Huge potential for evenings and Monday trade.

PREMISES
Imposing premises with attractive frontage with electrically operated awning and single entrance to: Restaurant Area: Tastefully decorated and furnished to accommodate some 40 covers. Servery: Counter with 3 group espresso coffee machine (On free loan from coffee supplier), bean grinder, refrigerated serve over counter, Merry Chef turbo oven, drinks chiller, electronic till with kitchen printer. Customer W.C and Baby change. Lobby: Wash up Area: double deep st/stl sink, ice machine, dishwasher, st/stl prep surfaces, 2 double upright chillers, freezer. Kitchen: 6 burner range and oven, 4 burner range, double fryer, panini grill, bain marie, full extractor canopy, under counter refrigeration, deep st/stl sink. Store Room: NOTE: The kitchen area is overly spacious, part of which could be used for additional seating to provide easily an additional 20 covers. First Floor: Staff W.C. 2 Store Rooms: Office: OUTSIDE – 18 Covers to front. Rear Yard: vehicle access.

TENURE
New lease available RENT – £17,220 P.A. (3 year reviews)

EPC RATING
Band C

BUSINESS RATES
Nil payable currently

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
NA

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