Leasehold Licensed Restaurant Coffee Bar
Advert ref: #478
Category: Food -> Drinking places
Location: England -> South East -> Kent -> Maidstone
Category: Food -> Drinking places
Location: England -> South East -> Kent -> Maidstone
Business for sale
Asking Price:
£125,000
Turnover:
£204,000
Annual profit:
£116,157
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Limited company
Business description
Ref: r319City: 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
