Prime Faversham Kent Leasehold Restaurant, Coffee Shop with 2 Bed Flat, Town Centre Location
Faversham, Kent
- Status
FOR SALE
- Date Submitted:
10/01/22
- Advert ID
288609
- Reference
C1043 / Rightbiz
- Call Agent:
- Leasehold: £110,000
- Rent: £25,500
- Turnover: £156,000 (£3,000 Per week)
- Net Profit: On request
Key Features
- Adjacent to Multiple Retailers
- Established Business
- Attractive Business
- Potential for Alternative Use
- Town Centre location
- Prime Location
- Fully Fitted
Business Details
LEASEHOLD RESTAURANT COFFEE SHOP PREMISES (currently TRADING AS THAI RESTAURANT)
PRIME LOCATION IN TOWN CENTRE - IDEAL ANY CATERING USE - 30 COVERS - SELF CONTAINED 2 BED FLAT ABOVE
Location
These well appointed premises occupy a coveted trading position fronting a busy main Street in the centre of Faversham, serving a densely populated residential area. 5000 new homes are currently under construction nearby which will, in no doubt increase trade.
Business
This is a well established concern which has been in the present hands for some 3.5 years and which is now only reluctantly being marketed as a result of the Vendors wish to retire. The premises currently trade as a thai restaurant but would be ideal for a tea rooms/coffee shop or upmarket bar.
Turnover
£3,000 PWK @ 65% GP.
Hours
5.00pm to 11.00pm - Thurs to Sat only
Premises
Grade II listed, single fronted premises with single entrance to: Restaurant/Café area: Recently refurbished throughout. Bar Counter, till. 30 Covers. Further seating area which lends itself to a prep kitchen. Customer W.C. Basement Area:
LIVING ACCOMMODATION
Large 2 bed flat above with separate access door to front.
Tenure
New 15 year lease RENT - £25,500 PA (5 year reviews)
EPC Rating
Not required
Business Rates
£2,300 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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