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Leasehold Lic. Themed Restaurant In North Kent Town For Sale

Gillingham, Kent, UK
Asking Price:
£139,995
Turnover:
Undisclosed
Net Profit:
Undisclosed

ADVERT TEXT
LEASEHOLD LIC. RESTAURANT
SELF CONTAINED 6 BED ACCOMMODATION

BUSINESS
In the current hands for the past 18 years, this immaculate themed restaurant enjoys a marvelous reputation and is only now for sale due to health and retirement reasons. Currently operating on reduced hours the business offers great potential for increased daytime opening and would be suitable for a wide range of styles of cuisine. The business comes with self contained 6 bed accommodation which can be used by the owner or could alternately be sublet which would more than cover the rent for the entire building.

TURNOVER
We are informed by the owner the turnover currently averages £5,500 PWK @ 65% GP approx. (£1,000 on Deliveries)

TENURE
New 16 year lease to be granted to the in going tenant. Rent £45,000 PA (4 year reviews)

EPC RATING
TBA

BUSINESS RATES
TBA

Property Information

Property:

Leasehold

Living Accommodation:

Self contained accommodation with Gas Fired Central Heating and double-glazed windows The accommodation comprises: 6 double Bedrooms (1 en suite), Lounge, fully fitted Kitchen, Bathroom with bath, w.c. & w/h basin, additional W.C.
NOTE: The accommodation could be sublet and produce a rental income of £40,000 PA.

Location:

Prominently situated fronting the High Street of this bustling North Kent town, serving the surrounding densely populated residential area. There is a bus stop and large car park nearby as well as a large NHS hospital.

Premises Details:

Attractive double fronted premises (approx 2,980 ft²) with single entrance to immaculate well presented Restaurant Area: with laminated strip floor, spot lights. Bar, drinks display fridge (glass fronted upright triple-door), with Tables and chairs providing seating for 55 People, 2 x Flat Screen TV's, CCTV system (8 cameras, 1 monitor) - Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), charcoal grill, 4 Valentine deep fryer, salad fridge, plate warmer, griddle, dishwasher (commercial), 3 x microwave (commercial). Etc. Walkin coldroom, Walkin Freezer - First floor in the region of 680 ft² with: Ladies' & gentlemen's toilet with WC & w/h basin.
Staff Toilet with WC & w/h basin - Stock room / Store room.
Basement Restaurant area (Approx 950 ft²) with bar, tables and chairs providing seating for 55 People, Sofa lounge area, 3 x Flat Screen TV's. - Small Office.

Business Operation

Trading hours:

5.00pm - 10.00pm Tues - Sat
12.00pm - 10.00pm Fri & Sun
Closed Mon

Contact Broker
Member ? This broker is part of BrokerCode, a BusinessesForSale.com initiative recognising brokers who commit to integrity, transparency, and professional standards.

This broker is part of BrokerCode, a BusinessesForSale.com initiative recognising brokers who commit to integrity, transparency, and professional standards.