Leasehold Cafe
Business for sale
Asking Price:
£49,950
Turnover:
£88,400
Annual profit:
£44,818
Audited accounts:
No
Management accounts:
Yes
Years trading:
3
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Well established having been in the present hands for some 3 years and now only being marketed as a result of the vendors ill health.Turnover – we are advised t/o averages £1,700 pwk @ 65% gp.
Premises – mid parade premises with double frontage and single entrance to: restaurant area: vinyl flooring, tastefully decorated, 28 covers at quality furniture, serve over refrigerated counter, elect cash register, upright drinks chiller, taylor soft ice cream machine. Sep. Wc.and w/basin. Kitchen: 4 burner cooker, double fryer, 3 microwave ovens, griddle, toaster, extractor canopy, williams under counter refrigeration, st/stl sink, dishwasher. Covered store area: 2 freezers.
Terms of the lease/leasehold
8 years remaining on original 10 year lease rent - £7,500 p.a. (5 Year reviews - next review 2011)
Location and property
these well presented premises occupy a coveted trading location fronting a busy street close to the centre of this popular kent town. The business enjoys an excellent level of passing trade augmented by a high percentage of local trade.
Trading hours of business
7.30am - 5.00pm mon – sat 10.00am - 3.00pm sun
Ref: c531
