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LEASEHOLD LIC. COFFEE SHOP CAFE

Margate, Kent
Leasehold Price:
£79,950
Status
FOR SALE
Advert ID
256530
Reference
C1045 / Rightbiz

PRIME OLD TOWN LOCATION - IMPECCABLE PREMISES - STAFF RUN - TURNOVER £4,000 PWK

Location

These charming premises occupy a coveted trading position in the Old Town of Margate, being close to the Turner contemporary art gallery and the seafront. The business enjoys excellent all year round trade.

Business

The business has been in the present hands for some 3 years and is now only being marketed as a result of the Vendors other business and family commitments. Tremendous potential exists for longer opening hours especially early breakfast trade and evening trade.

Turnover

£4,000 PWK @ 65% GP.

Hours

9.00am – 4.00pm   Weds to Sun (Closed Mon and Tues)              

Premises

Imposing corner premises with outside seating for 32. Attractive frontage and single entrance to: Cafe Area: with 30 covers, exposed timber floor, Servery/Kitchen: Counter, electronic till, drinks chiller, 2 group espresso machine, toaster, 2 microwave ovens, grill, extractor canopy, 2 fridges, st/st sink Lobby: Lower Ground Floor:  Customer Ladies and Gents W.C’s. Prep Kitchen: St/stl sink, upright chiller, freezer.

Tenure

7 year lease from May 2016 (Outside L/lord and Tenant Act)    

RENT  £19,000 P.A  (INCREASING BY £1000 p.a. FOR NEXT 2 YEARS)    

EPC Rating

BAND F

Business Rates

Nil Currently payable

 

 

 

Listing Details
Leasehold Price: £79,950
Tenure: Leasehold
Location: Margate, Kent
Sector: Tea Rooms, Restaurants, Bistros
Financials
Annual Turnover: £208,000
Key Features
  • Close to Local Amenities
  • Established Business
  • Fully Fitted
  • Attractive Business
  • Prime Location
  • Town Centre location
  • Adjacent to Multiple Retailers
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Advert Reference: C1045 / Rightbiz

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