Prime Riverfront Leasehold Pizzeria/Restaurant in Sandwich, Kent for Sale, High Turnover
Sandwich, Kent
- Status
FOR SALE
- Date Submitted:
02/11/23
- Advert ID
602101
- Reference
C1162 / Rightbiz
- Call Agent:
- Leasehold: £185,000
- Rent: £21,000
- Turnover: £620,000 (£11,923 Per week)
- Net Profit: Not Applicable
Key Features
- Town Centre location
- Established Business
- Attractive Business
- Prime Location
- Fully Fitted
- High Turnover
- Accounts Available
- Close to Local Amenities
Business Details
LEASEHOLD LIC. PIZZERIA RESTAURANT
PRIME RIVERFRONT LOCATION - 100 COVERS - TOTALLY REFURBISHED - HUGE POTENTIAL - TURNOVER £620,000 PA
Location
These superbly presented premises occupy a prominent trading position fronting a busy Street overlooking the River Stour being close to the centre of this charming and historical Kent Town. The business serves a well populated, affluent residential area which provides regular all year round trade.
Business
This is a well established concern which has been in the present hands for 5 years and which is now only being marketed as a result of the Vendors requiring a change. Tremendous potential exists for the introduction of longer opening hours (Especially Mondays) and more marketing and social media promotion.
Turnover
£620,000 P.A @ 70% G.P.
Staff
Vendors plus 4 full time, 10 part time and casual staff WAGES - £3500 PWK.
Hours
12.00pm to 9.00pm Tues - Sun (Closed - Mon)
Premises
Imposing detached premises with attractive double frontage and single entrance to: Restaurant Area: Tastefully decorated and furnished to accommodate some 100 covers. Central Bar Area: Counter with draught beer pump, 2 group espresso coffee machine, bean grinder, EPOS till, gelato display chiller, ice machine, drinks chiller. Open Plan Kitchen Area: Log fired pizza oven, large toppings unit, small toppings unit, 3 phase dough mixer. Office: Customer Disabled W.C and w/basin. Store Room: Staff W.C's: Prep Room: mixer, turbo chef oven, gelato machine, grill, washer, dryer. First Floor: 4 Offices: Sublet producing £8,000 P.A.
Tenure
6 years remaining on original 10 year lease RENT - £21,000 P.A. (5 year reviews - next review 2024)
EPC Rating
Band E
Business Rates
£7,800 P.A. (Payable)
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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