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Leasehold Coffee Shop Cafe Hythe Kent For Sale

Hythe, Kent, UK
Asking Price:
£150,000
Turnover:
Available on request
Net Profit:
Available on request

PRIME HIGH STREET LOCATION
IMMACULATE PREMISES
WELL EQUIPPED
ONLY TRADING 5 DAYS CURRENTLY
HUGE POTENTIAL FOR FUNCTIONS AND OUTSIDE CATERING

LOCATION
Occupying a prominent trading position in Hythe High Street enjoying tremendous footfall and serving a well populated affluent residential area. The business enjoys a high level of passing trade all year round, augmented by the influx of Tourists during Summer months.

BUSINESS
Well established having been in the present hands since 2013 and now only being marketed as a result of the Vendors requiring a change. Tremendous potential exists for the introduction of outside catering, functions and event catering. Longer trading hours would improve turnover significantly as the business is currently closed on Sundays and Mondays.

TURNOVER
Accounts show £350,000 P.A. @ 65 % G.P.

STAFF
Run by Husband and Wife plus 18 Part timers WAGES - Approx £100,000 P.A.

HOURS
8.00am - 4.00pm - Tues - Sat
Closed - Sun and Mon

PREMISES
70 Covers in Courtyard to front. Imposing corner premises with single entrance to: Cafe Area: Immaculately presented. 30 covers inside. Refrigerated serve over counter, electronic till, 2 group espresso machine, boiler, drinks chiller, 2 upright fridge/freezers. 2 Customer W.C's (one with baby change). Kitchen: Extractor canopy, 6 burner range, 2 fryers, 2 microwave ovens, toaster, dishwasher, st/stl sink, 2 fridge/freezers, prep surfaces. Alleyway to side.

TENURE
7 years remaining on original 10 year lease. RENT: £12,250 P.A. (5 year reviews)

EPC RATING
Band E

BUSINESS RATES
Nil currently payable

Property Information

Property:

Leasehold

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