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Leasehold Licenced Mexican Restaurant for Sale in Prime Town Centre of Sittingbourne Kent

Sittingbourne, Kent
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LEASEHOLD LICENCED MEXICAN RESTAURANT Photo 1
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LEASEHOLD LICENCED MEXICAN RESTAURANTLEASEHOLD LICENCED MEXICAN RESTAURANTLEASEHOLD LICENCED MEXICAN RESTAURANT
  • Status

    FOR SALE

  • Date Submitted:

    28/09/21

  • Advert ID

    283530

  • Reference

    C1076 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: Price on Application (Stock at valuation)
  • Leasehold: £75,000
  • Rent: £45,000
  • Turnover: £312,000 (£6,000 Per week)
  • Net Profit: On request

Key Features

  • Fully Fitted
  • Price Reduced
  • Prime Location
  • Town Centre location
  • Attractive Business
  • Adjacent to Multiple Retailers
  • Established Business

Business Details

LEASEHOLD LICENCED MEXICAN RESTAURANT

IMMACULATE PREMISES - PRIME TOWN CENTRE POSITION - 130 COVERS - SCOPE FOR SUNDAY TRADE - STAFF RUN

Location

These well appointed premises occupy a coveted trading position fronting the High Street in the centre of Sittingbourne being amongst all the major stores, Banks and Offices. There is currently a massive regeneration underway in Sittingbourne which is increasing footfall significantly.

Business

This is a well established concern which has been in the present hands since 2017 and which is now only being marketed as a result of the Vendors retirement and other business interests. The premises are of course suitable for a variety of styles of cuisine. Tremendous potential exists for the introduction of Sunday trade.

Turnover

Turnover is currently £6,000 pwk, but achieved alot more prior to Covid.

Staff

5 Full time and 3 Part timers                                                                WAGES - £90,000 P.A.       

Hours

12.00noon to 10.00pm - Mon to Sat

                         Closed - Sun

Premises

Imposing substantial corner premises with single entrance  to: Restaurant Area:  tasteful decor and furnished to accommodate 65 covers, Bar: Fully equipped. Well appointed Customer Toilets:  Staff W.C. Office: First Floor: (Approached via separate front entrance) Restaurant Area: With a further 65 covers. Bar: Fully equipped. Kitchen: fully equipped iwth a comprehensive inventory of commercial equipment (Inventory available on request). Wash up Area: Cellar/Store Area: Outside: Yard: pedestrian access.

Tenure

New 20 year lease                                           RENT - £45,000 PA  (5 year reviews)

EPC Rating

Band D

Business Rates

£9,000 P.A. Payable

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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.

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Do not 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.

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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.

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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Contact seller

This advert is currently inactive.

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 'LEASEHOLD LICENCED MEXICAN RESTAURANT - C1076 / 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.