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Basement Bar In Folkstone For Sale

Folkestone, Kent, UK
Asking Price:
£65,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Under £50K

Description:

The Rum Clinic is a rather unique business which, at the time of writing, was rated number 2 out of 46 Nightlife venues in Folkestone.
From this basement bar, it offers the taste of the Caribbean in the heart of Folkestone, with over 100 rums as well as usual bar spirits, wine, rum Cocktails, Caribbean lager, Jamaican patties and 'a really cool vibe' with the fantastic decor, which includes high-quality graffiti art.
Known as much for its joyful music as for its rum selection.
With the owner wishing to retire after about eight years of owning, it gives the opportunity for someone new to take on this highly regarded business, with scope to increase the current very limited trading hours.

Location:

The Rum Clinic occupies a lock up unit at basement level in a period terrace property just off of The Leas seafront road in Folkestone town, making it a very convenient place to drop in for any visitor to the town looking for the best nightlife, or those living within the town or surrounding areas.
Folkestone has great rail and road links into the rest of the south east and beyond, as well as being well placed close to the Channel Tunnel.

Accommodation:

Approached via a set of steps from the pavement above, this basement bar has its main entrance into the bar area, with its vibrant Caribbean-inspired decor and art and unique DJ desk. Bar severy, which also has a fitted kitchen area (currently un-used) and male and female toilets with one-off graffiti art by a local artist.

The asking price for the business includes all the trade fixtures and fittings, but excluding some personal items of artwork. Stock in trade will be payable upon completion.

Rent/Price:

The asking price is £65,000.
Current rent payable, we understand, is £7,800 per annum. It is understood that the landlord is happy to consider granting a new lease to an incoming tenant on terms to be negotiated.

Basement lock-up property.

Vibrant and unique decor.

Main bar area.

Bar servery and fitted kitchen.

Ample scope to increase trade.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

Lease terms on request.

Leasehold Rent:

£7,800 per annum

Location:

Location
The Rum Clinic occupies a lock up unit at basement level in a period terrace property just off of The Leas seafront road in Folkestone town, making it a very convenient place to drop in for any visitor to the town looking for the best nightlife, or those living within the town or surrounding areas. Folkestone has great rail and road links into the rest of the south east and beyond, as well as being well placed close to the Channel Tunnel.

Premises Details:

The Rum Clinic is a rather unique business which, at the time of writing, was rated number 2 out of 46 Nightlife venues in Folkestone. From this basement bar, it offers the taste of the Caribbean in the heart of Folkestone, with over 100 rums as well as usual bar spirits, wine, rum Cocktails, Caribbean lager, Jamaican patties and 'a really cool vibe' with the fantastic decor, which includes high-quality graffiti art. Known as much for its joyful music as for its rum selection. With the owner wishing to retire after about eight years of owning, it gives the opportunity for someone new to take on this highly regarded business, with scope to increase the current very limited trading hours.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

The current owner only operates the business for limited hours and days, so there is room to expand. With the fitted kitchen already in place a food offering could be made available too.

Competition / Market:

Located in the centre of Folkestone town centre with a wide range of drinking establishments, of which the Rum Clinic is unique.

Reasons for selling:

Genuine retirement sale.

Years established:
8

Other Information

Related Documents: