Leasehold Lic. Cafe/Bar/Restaurant in Folkestone Kent with Huge Evening Trade Potential
Folkestone, Kent
- Status
FOR SALE
- Date Submitted:
08/02/23
- Advert ID
507962
- Reference
C1088 / Rightbiz
- Call Agent:
- Leasehold: £90,000 (Stock at valuation)
- Rent: £15,000
- Turnover: £320,000 (£6,154 Per week)
- Net Profit: On request
Key Features
- Adjacent to Multiple Retailers
- Attractive Business
- Fully Fitted
- Town Centre location
- Prime Location
- Established Business
- Accounts Available
- Price Reduced
- Close to Local Amenities
Business Details
LEASEHOLD LIC. CAFE BAR RESTAURANT
¨ PRIME LOCATION
¨ 34 COVERS PLUS 18 OUTSIDE
¨ EASY HOURS
¨ HUGE POTENTIAL FOR EVENING TRADE
¨ TURNOVER £320,000 P.A.
Location
These superbly presented premises occupy a prominent trading position fronting a busy street close to the centre of this charming Kent Town. The business serves a well populated, affluent residential area which provides regular all year round trade.
Business
The business was established by our clients in December 2019 and which is now only being marketed as a result of the Vendor requiring a change of business environment. Our Clients currently only trade during the daytime offering tremendous potential to open evenings.
Turnover
Accounts show £320,000 P.A.
STAFF
Vendor plus 3 Full time and 5 part time staff WAGES - £10,000 PCM
Hours
9.00am to 5.00pm – Tues to Sun (Closed Mon) Huge potential for evenings and Monday trade.
(Friday evening Wine Bar trade has just been introduced which has proved to be most lucrative)
Premises
Imposing premises with attractive frontage with electrically operated awning and single entrance to: Restaurant Area: Tastefully decorated and furnished to accommodate some 34 covers. Servery: Counter with 3 group espresso coffee machine (On free loan from coffee supplier), bean grinder, refrigerated serve over counter, Merry Chef turbo oven, drinks chiller, electronic till with kitchen printer. Customer W.C and Baby change. Lobby: Wash up Area: double deep st/stl sink, ice machine, dishwasher, st/stl prep surfaces, 2 double upright chillers, freezer. Kitchen: 6 burner range and oven, 4 burner range, double fryer, panini grill, bain marie, full extractor canopy, under counter refrigeration, deep st/stl sink. Store Room: NOTE: The kitchen area is overly spacious, part of which could be used for additional seating to provide easily an additional 20 covers with the removal of a stud wall. First Floor: Staff W.C. 2 Store Rooms: Office: OUTSIDE – South facing terrace with 18 Covers to front. Rear Yard: vehicle access.
Tenure
3 years remaining on original lease (New lease possibly available) Head Lease also available
RENT - £15,000 P.A. (3 year reviews)
EPC Rating
Band C
Business Rates
£660 P.A. (Payable)
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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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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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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
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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