Business for sale

Business description

Ref: r308

Property: Leasehold


Description
This is a very well established business (1968) which has been in the present hands for some 3 years and which is now only being marketed as a result of the vendors other business interests.

TURNOVER – £4,500 PWK @ 60% G.P.

PREMISES – Imposing premises. Attractive frontage with single entrance via porch to: Bar Area: Tasteful décor, seating for 30/40. Large Bar/Servery: fully equipped. Sep. Ladies and Gents: W.C. Facilities. Restaurant Area: tasteful decor, 60 covers (can accommodate 70 max) at quality furniture. Sep. Ladies and Gents: W.C. Facilities. Lobby: Store Room: Wine Store: Substantial Kitchen: Fully tiled, Quarry tiled floor, Convection oven, 2 X 6 burner ranges, 2 grills, hotplate, double fryer, full extractor canopy, 2 st/stl prep surfaces, slicer, 2 upright twin door chillers, 3 chest freezers. Wash Up Area: Hobart dishwasher with potwash. Walk in Coldroom.

Terms of the lease/leasehold
Approx 12 years remaining on a 15 year lease. Rent £25,000 pa (5 year reviews)

Reasons for Selling
The business has been in the present hands for the past 3 years and is only now for sale due to other business interests.

Location and Property
Prominently situated fronting a busy major road on the outskirts of Whitstable serving a densely populated residential catchment area.

Accommodation
Self contained accommodation above arranged as 7 bedsits. (3 of these are currently used by staff - the rest are let at £75 pwk each)

Trading Hours of Business
12pm - 2pm & 6pm - 10pm Tues to Sat 12pm - 2pm Sun Closed Sun