Business for sale

Business description

Ref: r319

City: maidstone, kent united kingdom

Price: £ 125,000

Sales revenue: 204000

Property: leasehold


Description
well established town centre precinct business, having been in the present hands for 5 years and now only being marketed due to the vendor’s other business interests. The business is totally staff run and would greatly benefit from active owner involvement.

Turnover - £204,000 p.a. @ 73% Gp. Yr ending oct. 2006.

Precinct premises located on first floor with gallery seating area and inside restaurant area: ceramic tiled floor, part laminate flooring. With a total of 250 covers at quality furniture.

Servery/kitchen area: equipped to a high standard including refrigerated sandwich display, ref. Serve over counter, 2 serve over ice cream freezers, ambient display cabinet with under counter refrigeration, 2 upright chillers, 1 four group cappuccino coffee machine, 1 two group cappuccino coffee machine, 2 grinders, 4 pannini grills, carbonated drinks dispenser system (on loan) elect cash register with printer to kitchen.

Wash up area: dishwasher, pot wash, ice machine. Kitchen: fully equipped to a high commercial standard. Lobby: separate ladies & gents wc facilities - store room: staff w.c. W/basin. Office:

Terms of the lease/leasehold
tenure – 12 years remaining on original 15 year lease rent - £35,000 p.a. (5 Year reviews) plus 6% service charge

Location and property
these extensive, impeccably presented restaurant premises occupy a prime trading position in the centre of one of maidstones’ major shopping precincts being amongst major stores, banks and offices enjoying a high volume of passing trade.

Trading hours of business
– 8.30am – 5.00pm mon - sat 11.00am - 4.00pm sun