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Premium Location Kent Restaurant on Busy High Street in London for Sale

Undisclosed, London
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POPULAR RESTAURANT OFF HIGH STREET, KENT Photo 1
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POPULAR RESTAURANT OFF HIGH STREET, KENTPOPULAR RESTAURANT OFF HIGH STREET, KENTPOPULAR RESTAURANT OFF HIGH STREET, KENTPOPULAR RESTAURANT OFF HIGH STREET, KENT
  • Status

    FOR SALE

  • Date Submitted:

    04/05/21

  • Advert ID

    276029

  • Reference

    E7695RB / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £129,950
  • Rent: £25,000
  • Turnover: N/A
  • Net Profit: On request

Business Details

POPULAR RESTAURANT OFF HIGH STREET, KENT

LOCATION:                    The town's busy high street contains many restaurants and upmarket chains, as well as family-run independents. This restaurant is In a great, prominent and enviable position close to the end of the comprehensive shopping parade near the cinema and is one of the best restaurants in the area.

DESCRIPTION:         A fantastic, cosy 1,200 sq ft restaurant with great ambiance, chilled vibes, is spotlessly clean, well laid out and has a lovely relaxing spacious décor. It is like an American themed Bistro with impressive food and service. A double fronted restaurant which caters for American, Italian and French cuisine. The front forecourt has seating for 12 outside. The main seating area inside is for 45/50 persons with a Concertina front bar section. There is a part-open kitchen which is fully fitted in stainless steel equipment with a walk in cold room. The rear door leads to an outside space comprising ladies and gents wc’s fitted to very high specifications. This was previously a Café Rouge restaurant. There is also a loading bay outside and from 10 am to midday.

BUSINESS:                    In the same hands for over 3.5 years, this a family run restaurant with 4 part time staff currently taking £7,500 pw £1,500 pw takeaway orders @65% g.p. but can easily take over £10,000 pw plus takeaway business by increasing the trading hours.

HOURS:                         Tuesday to Thursday 5 pm to 10 pm, Fri, Saturday and Sunday noon to 11 pm. Closed Monday.

                                                                                                     

EQUIPMENT:                 A fully equipped restaurant fitted out to very high specifications with 4 double bar fridges, an ice machine, a glass washer, an Epos system, a self-cleaning draught beer pump, a double decker pizza oven, a salamander, a 6 burner gas oven, a large Falcon griddle, a large double fryer, a large Hobart dishwasher, 2 industrial Samsung microwave ovens, a Williams upright freezer, a kitchen aid, 2 stainless steel preparation tables, 2 fridge units, one with 8 drawers and the other with 6 drawers, an order ticket machine, a combi boiler, the walk in cold room, cctv system, furniture, etc.

TENURE:                        20 Year lease from 31 October 2016 with 5 yearly rent reviews at the current rent of £25,000 pa. Rates payable £4,500 pa.

PRICE:                            Greatly reduced price for quick sale owing to health.

VIEWINGS:                     STRICTLY BY APPOINTMENT ONLY

NEGOTIATIONS:           Strictly through PEGASUS BUSINESS SALES

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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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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.

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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.

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The data showed regarding this advert 'POPULAR RESTAURANT OFF HIGH STREET, KENT - E7695RB / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.