Prime Leasehold Chinese Restaurant in Faversham Kent, High Footfall Area
Faversham, Kent
- Status
FOR SALE
- Date Submitted:
10/01/22
- Advert ID
288608
- Reference
R439 / Rightbiz
- Call Agent:
- Leasehold: £150,000
- Rent: £26,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Prime Location
- Fully Fitted
- Attractive Business
- Adjacent to Multiple Retailers
- Established Business
- New Lease
- Town Centre location
- Retirement Sale
Business Details
LEASEHOLD LIC. CHINESE RESTAURANT
¨PRIME TOWN CENTRE LOCATION - 60 COVERS - TURNOVER £6,000 PWK - 4 BEDROOM ACCOMMODATION - IDEAL OTHER CATERING USES
Location
These immaculately presented premises occupy a prime trading location fronting a busy street in the centre of Faversham, enjoying tremendous footfall and being close to all the major multiples, banks and offices. The business enjoys excellent passing and local trade, serving a huge residential catchment area. Some 5,000 new homes are currently being built in the near vicinity.
Business
The business is well established and has traded in the present hands for 27 years. The business is only being marketed as a result of the vendors wish to retire. Although presented as a Chinese restaurant, the premises are ideal for a wide range of catering uses.
Turnover
£6,000 PWK @ 65% G.P. (incs. Approx £2,000 PWK Takeaway)
Hours
7 Days - 12.00pm to 2.00pm and 5.00pm to 11.00pm 6 Days (Closed Tuesday)
Premises
Grade II listed mid parade premises with charming double frontage and single entrance to: Restaurant Area: Charming contemporary décor. 60 covers at quality furniture. Bar counter, electronic till with kitchen printer. Sep Ladies and Gents: WC's. Kitchen: Chinese range, 6 burner range, 2 ovens, full extractor canopy, prep surfaces, hot cupboard, upright chiller, 2 deep st/stl sinks. Store Room: OUTSIDE: Yard: Walk in Coldroom: 3 Parking Spaces: Store room: Staff W.C.
Living Accommodation
Flat over comprising: 4 Bedrooms: Bathroom:
Tenure
New 15 year lease RENT - £26,000 P.A. (5 year reviews)
EPC Rating
Exempt
Business Rates
£9,100 P.A. (Payable)
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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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