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Brand New Burger Bar in Prime Location

Margate, Kent
Leasehold Price:
£27,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
223231
Reference
14560 H / Rightbiz
01204 282 229

Details

Business
Only £6000 rent per annum & No Business rates


Hilton Smythe are delighted to present to the market a new and exciting Burger brand named the ‘Store Burger’ established by our client in mid 2017 and reluctantly offered for sale due to the expansion of their young family.

The brand design, menu and location were carefully planned by our client 2 years ago and any new buyer will be able to capitalise on the unique business model new to Margate.

The standard of the store, design and materials creates a feel of a branded burger restaurant similar standard to company's like Honest Burger, Bryon Hamburgers, Burger and Lobster, Burgers Brothers and Coggings & Co.

When in operation Store Burger served a variety of gourmet Burgers, sides, milkshakes and Doughnuts, including vegan options. Although a good business model the premises would suit a variety of fast food options as the premises was previously as successful kebab house.

Patties are 100% pure blended beef from Goldstone Farm, Ash in East Kent.

All orders cooked fresh at point of ordering.

Our clients run the business to suit their time available in the summer months with a soft opening in July, there is potential to open all year round, add deliveries through apps such as JustEat, open later (previous takeaway business on this site opened till 3am) and attend more festivals with the outside catering equipment and gazebo included in the sale.

5* hygiene rating. The business also has an A5 License.

Our client owns the website www.store-burger.co.uk and www.store-cafe.co.uk but haven't built a site as of yet. In the first summer they gained 700 followers on Instagram and excellent reviews on TripAdvisor.

Location
Store Burger enjoys a highly enviable trading position facing Costa Coffee on Marine Gardens, central Margate.

The busy street leads directly from Margate's seafront attractions and up to the main shopping area with the restaurants, bars, high street stores and banks. Margate is thriving under a boost of government and private investment, improving the seafront and attractions as well as improving the infrastructure and choice of new apartments/houses to buy or rent.

Margate is located on the southeast coast and particularly known for its wide sandy beach, the modern Turner contemporary art gallery and the re-invigorated Dreamland amusement park which is only 2 minutes walk from our client’s business. Margate is 16 miles east of Canterbury and accessed via the A28 and A299 which connects directly onto the M2 motorway.

Premises
Complete refurbishment including new electrics, new plumbing, new stairs, new extraction system, new kitchen and preparation area installed on the lower ground floor and doors widened.

New CCTV and alarm system installed.

External lightbox and professionally designed logo.

Ground floor - customer waiting area, fully tiled in shiny white metro tiles with contemporary industrial lighting.

Service area - bespoke concrete service topped counter with under counter storage, iPad ordering and till, card machine, Buffalo griddle, 2 Lincat dryers, stainless steel chilled preparation unit with salad boxes, large extraction unit, hand wash sink and glass fronted drinks chiller.

Lower ground - dry store area, storage racking, office area with filing cabinet.

Preparation area - double stainless steel sinks, upright fridge, racking, chest freezer, stainless steel preparation tables.

Full equipment list available.

Tenure
This is a Leasehold sale.

10 year original lease.
7.5 years remaining on a renewable lease agreement

Rent of £6,000 per annum.

Hours
The business is run to suit.

Summer hours: -
Friday: 5pm - 9pm
Saturday: 1am - 9pm
Sunday: 1am - 6pm which is approximately 30% of the available hours allowed to be open.

Endless scope to increase hours and extend to 3am with agreement with local council.

Staff
Runs with 1 member of staff when quiet and 2 or more when busy.

Financial Profile
First 4 month average at £1,350 per month, with a gross of circa £850.

Assets worth circa £15,000.



£27,995
Listing Details
Leasehold Price: £27,995
Tenure: Leasehold
Location: Margate, Kent
Marketed By: Hilton Smythe
Sector: Take Aways Businesses, Fast Food Businesses
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