Leasehold Mexican restaurant takeaway for sale in Folkestone, Kent.
Folkestone, Kent
- Status
FOR SALE
- Advert ID
642526
- Reference
c1230 / Rightbiz
- Call Agent:
- Leasehold: £95,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
LEASEHOLD LIC. MEXICAN RESTAURANT TAKEAWAY
LOCATIONThese superbly presented spacious premises occupy a prominent trading position fronting a busy pedestrianized street in a prime location in 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 some 3 years ago and has established a marvelous reputation as an authentic Mexican Restaurant & Cocktail Bar gaining a 4.9 TripAdvisor score serving tasty food with good service in a well presented setting. Currently trading as a Mexican restaurant with takeaway and delivery available through their own website, Uber Eats and Just Eat, although would be suitable for other styles of cuisine if desired. The business is only now for sale due to the vendors family commitments.
TURNOVER
We are advised the business enjoys takings of £7,000 - £9,000 pwk @ 65% GP.
STAFF
Vendor plus 3 Full time and 4 part time staff
HOURS
2.00pm to 10.00pm - Mon to Fri 12.00pm to 10.00pm Sat & Sun
PREMISES
Town centre premises with attractive frontage with bi-fold fully opening frontage in the summer months. 12 covers outside to front. Restaurant Area: Tastefully decorated and furnished throughout to accommodate some 36 covers. Takeaway Kitchen servery bar to front with st/stl commercial equipment including: 6 burner over, gas griddle, 6 pot bain marie, 2 microwave ovens, double fryer, extractor canopy, freezer, 3 fridges, saladette, dble fridge, glass fronted display fridge, epos system, hand wash basin. Stairs to lower ground floor. To the rear of the restaurant is a separate drinks bar with beer pumps, coffee machine, bean grinder, glass washer, fridge. Music system. Door to rear yard. Stairs to lower ground floor restaurant area, Seating for 25 covers,. Separate ladies & Gents WC's each with hand wash basin. Small store with staff Wc/hand wash basin. Prep area with st/stl dble sink. 4 burner range with extractor over, hand wash basin, glass fronted drinks fridge. Store room with walk in cold room, chest freezer, upright freezer, st/stl prep tables, insect-acuter. Door from lower restaurant area to rear yard with small brick store room, Vehicle access with parking for 1 vehicle.
TENURE
Approx 17.5 years remaining on a 20 year lease. RENT - £15,000 P.A. (4 year reviews)
EPC RATING
TBA
BUSINESS RATES
Nil payable.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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 number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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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