Restaurants for sale in Kent

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £195,000 Weekly Turnover: £10,000
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Business Description
The business has been in the same hands for the past 18 year & there are genuine reasons for sale.

The spacious property is a Grade II listed building & we understand built in approximately 1470's

SPACIOUS GROUND FLOOR with wealth of oak beams. 3 separate restaurant areas, fully carpeted & with wealth of oak beams, ceiling with spotlighting. Tables & chairs for a total of 72 persons.

Stairs to FIRST FLOOR ADDITIONAL RESTAURANT AREA ideal for functions or private parties, fully carpeted & with tables & chairs providing seating for 22 persons.

GROUND FLOOR REAR PREPARATION SECTION with cool display serveover counter, coffee machine, 2 filter coffee machines, under-counter milk fridge, 2 glass fronted counter fridges.

Ladies' cloakroom with w.c. & 2 wash hand basins
Gentlemen's cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with non-slip floor. The equipment includes 1 6-burner gas cooker with double oven, griddle, 3 basket deep fryer, bain marie, hot cupboard, freestanding convection oven, 2 upright stainless steel fridges, 2 upright single door white deep freezers, 3 2-door stainless steel counter fridges.

WASH-UP AREA with dishwasher, single sink & drainer

Rear store area with 2 upright deep freezers, 1 ice cream deep freezer

Excellent trading position, sought after KENT

• ACCOMMODATION INCLUDED

The SPACIOUS living accommodation with a wealth of oak beams, SECONDARY DOUBLE GLAZING & FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of £900 per month, however we understand that vacant possession can be given on completion, if required. The SPACIOUS accommodation comprises:

3 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Large Lounge with inglenook fireplace
Fully fitted kitchen

Turnover : £10,000 p.w. in our opinion offering tremendous potential for further increase, especially with evening opening, if desired. We are further advised that the sales year ending 31st August, 2017 showed £484,000 net of VAT. We are further advised that the gross profit is in the region of 71% & we further understand that the net profit showed in the region of £62,000.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote.

Lease : £195,000 (R8535)

www.NationwideBusinesses.co.uk

Trading Hours:
Monday - Saturday inclusive - 9 a.m. - 5 p.m.
Sunday opening - 10 a.m. - 5 p.m.
In our opinion there is terrific potential for evening opening, if desired

Number of Employees:
The business is at present operated by the vendor on a part time basis with the assistance of his wife (4 days per week). Staff employed. Kitchen area 3 full time chefs, 2 part time cooks. Restaurant area 1 full time supervisor/manager, 4 full time waitresses plus 6/7 part time waitresses when required.

Tenure: Leasehold

Number of bedrooms: 3

Accommodation Details:
The SPACIOUS living accommodation with a wealth of oak beams, SECONDARY DOUBLE GLAZING & FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of £900 per month, however we understand that vacant possession can be given on completion, if required. The SPACIOUS accommodation comprises:

3 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Large Lounge with inglenook fireplace
Fully fitted kitchen

Location Details: Excellent trading position, sought after KENT

Listed by: Nationwide Businesses Ltd

Find out more about this business opportunity.

 
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R8535
Seller Reference:
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