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Licensed Turkish Restaurant And Cocktail Bar In Hythe, Kent For Sale

Hythe, Kent, UK
Asking Price:
£320,000
Turnover:
£936,000
Net Profit:
Undisclosed

ADVERT TEXT
LEASEHOLD
LICENSED TURKISH RESTAURANT & COCKTAIL BAR

BUSINESS
Established by our client some 9.5 years ago in a prime location in the centre of Hythe High Street this immaculate well presented concern has established a wonderful reputation for its high end atmosphere serving authentic Turkish drinks and dishes. It now boasts many glowing well deserved reviews on TripAdvisor with a score of 4.6 and a 5 star Hygiene rating. The business is only now on the market due to the vendors other business interests here and abroad.

TURNOVER
We are advised that the business currently takes around £18,000 per week @ 65% GP.

STAFF
7 Full time plus 5 Part time staff.

TENURE
New 16 year lease to ingoing tenant. RENT: £42,000 per annum (4 year reviews)
The accommodation is currently rented to staff members providing a rental income of £1,600 per calendar month (£19,200 per annum)

EPC RATING
TBA

BUSINESS RATES
Approx £9,000 per annum payable.

Property Information

Property:

Leasehold

Living Accommodation:

Self contained accommodation approached from rear yard comprising 6 Bedrooms (2 double, 4 Single). Shower room with shower, W.C. and wash hand basin. (Gas Fired Central Heating)
Currently let to Staff and providing a rental income of £1,600 per month.

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.

Premises Details:

Attractive double fronted premises in the region of 1,765 ft² with tiled floor, suspended ceiling with spot and hanging lighting, Air conditioning with hot air, fresh air inlet. Tables and chairs providing seating for 90 people (can be expanded). Bar, ice machine, EPOS till, music system, glass washer. Ladies' & gentlemen's Toilet with WC and wash hand basin. Open fronted Kitchen to rear with stainless steel extractor unit, Falcon Cooker, 2.5m charcoal grill, deep fryer (2 pan), oven, refrigerated making table, 2 fridges, freezer, dishwasher (commercial), sink and drainer, etc. Coffee machine, grinder, 6 pot bain marie, microwave oven. Stairs to first floor prep area with stainless steel prep tables, 2 chest freezers, stainless steel sink, hand wash basin, fryer, 4 burner range, extractor system, 2 upright freezers. Door to outside rear yard with walk-in cold room. bin store area and parking for several vehicles.

Business Operation

Trading hours:

2.00pm - 10.00pm - Mon to Fri12.00pm - 10.00pm Sat & Sun

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.