Established Cafe Restaurant In Margate | | Margate Kent | | Café/Restaurant Margate, Kent T/O: £180,000 GP: 75% Huge scope 60 covers 3 x s/c 1-bed apartments Ideally located close to promenade Unique opportunity | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 55657
ADVERT IMPRESSIONS : 12,617 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | FREEHOLD: | £399,999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Kalli's Restaurant is ideally located in the coastal resort of Margate in Kent. The business is situated on Marine Gardens, close to the promenade and is surrounded by complementary shops and businesses. Margate is an affluent coastal town with wide sandy beaches and a strong tourist industry. The town boasts easy access by rail and road with the A28 to Canterbury, which lies approximately 17 miles away.
Business History
Preferred Commercial is pleased to offer for sale this popular café and restaurant business, which has been in our client's hands since 1974 and which is only now being placed on the market due to our client's wish to retire. The business offers a wide menu of classic hot and cold café and restaurant meals, snacks and beverages, along with a popular take away service and generates a turnover in the region of £180,000 per annum with a gross profit of 75%. A new owner could increase turnover by extending the opening hours into the evening and perhaps offering an outside catering service. The business benefits from an excellent reputation with much repeat custom. The property further benefits from 3 self-contained studio apartments. We feel this represents an ideal opportunity to acquire a well-established multi-faceted business in such an ideal location. Early discussion with Preferred Commercial must come highly recommended.
Financial Details
T/O: £180,000 approx.
GP: 75%
Opening Hours
Mon - Sat: 8.00am - 5.00pm
Sun: Closed
Accommodation Details
Substantial 4-storey semi-detached property, ideally located and offering 3 x self-contained studio apartments above. Briefly comprising:
Ground Floor
• Main café/restaurant area with customer waiting area, fixed furnishings for approximately 60 covers including a number of intimate seating booths, well equipped serve-over counter with electronic cash register and coffee machine.
• Extensively equipped kitchen with stainless steel work surfaces and high quality appliances
• Washing up area
• Staff room with washroom and WC facilities
Lower Ground Floor
• Ladies WCs
• Gents WCs
• Dry store
• Walk in freezer
First Floor
• Spacious open-plan bed sitting room with kitchen/breakfast room and separate shower room with WC
Second Floor
• Spacious open-plan bed sitting room with kitchen/breakfast room and separate shower room with WC
Third Floor
• Spacious open-plan bed sitting room with kitchen/breakfast area and separate shower room with WC
External
• Pavement trading area to front offering additional covers
• Small enclosed service yard to rear
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2067 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
