Restaurants for sale in Sandwich

View the "LEASEHOLD LIC. RESTAURANT" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

LEASEHOLD LIC. RESTAURANT

Sandwich, Kent, England

  • Leasehold Price: £129,000  Price Reduced arrow_drop_down
Seller Reference: R402
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Business Description
 
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Seller Reference: R402
Request Details
Business Description
PRIME TOWN CENTRE LOCATION
50 COVERS PLUS COURTYARD GARDEN FOR 40
A3 & A4 USE
ACCOUNTS TO SHOW T/O £480,000 P.A. EX. VAT

LOCATION
These well appointed premises occupy a prominent trading position in the centre of this charming and historical Kent Town. The business serves a well populated, affluent residential area, drawing trade from over a wide catchment area. The Discovery Park business development is closeby and the town benefits from good access to the high speed rail link to London.

BUSINESS
This is a well established concern which has been in the present hands for 3.5 years and which is now only being marketed as a result of the Vendors personal circumstances. Tremendous potential exists for more lunch trade and more owner input.

TURNOVER
Accounts show £480,000 P.A Ex. VAT @ 60% G.P.

STAFF
The vendor plus 9 full time and several part time staff.

HOURS
10.00am to 10.30pm - Mon to Sat 10.00am to 10.00pm - Sun

PREMISES
Imposing premises with attractive double frontage and single entrance to: Restaurant Area: Tastefully decorated and furnished to accommodate some 50 covers. Bar Area: Counter with espresso coffee machine, beer pumps, 2 wine chillers, 2 electronic tills. Ladies and Gents: W.C ‘s Kitchen: 2 large hotplates, 4 burner range, grill, convection oven, under counter refrigeration, hot cupboard, full extractor canopy, large double freezer. Wash up area: with deep st/stl sink and dishwasher. Office:
OUTSIDE – Courtyard Garden: with paved patio area and 40 covers partially covered by marquee. Yard: Store Room/Cellar:

LIVING ACCOMMODATION
A 2 bed flat may be available at £700 PCM.

TENURE
Approx. 6 years remaining on original 10 year lease. RENT - £21,000 P.A. (5 year reviews)

BUSINESS RATES
£7,250 P.A .(Payable)
Tenure:
Leasehold
Listed by:
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