Leasehold Turkish restaurant and cocktail bar in Hythe with a strong TripAdvisor rating
Hythe, KentEst. 10 years
- Status
FOR SALE
- Advert ID
658914
- Reference
C1231 / Rightbiz
- Call Agent:
- Leasehold: £320,000
- Turnover: £936,000 (£18,000 per week)
- Profit: Not Applicable
Business Details
LEASEHOLD LIC. TURKISH RESTAURANT & COCKTAIL BAR
ADVERT TEXTLEASEHOLD
LIC. TURKISH RESTAURANT & COCKTAIL BAR
LOCATION
Occupying a prominent trading position in Hythe High Street enjoying tremendous footfall and serving a well populated affluent residential area. The business enjoys a high level of passing trade all year round, augmented by the influx of Tourists during Summer months.
BUSINESS
Established by our client some 9.5 years ago in a prime location in the centre of Hythe High Street this immaculate well presented concern has established a wonderful reputation for its high end atmosphere serving authentic Turkish drinks and dishes. It now boasts many glowing well deserved reviews on TripAdvisor with a score of 4.6. and a 5 star Hygiene rating. The business is only now on the market due to the vendors other business interests here and abroad.
TURNOVER
We are advised that the business currently takes around £18,000 PWK @ 65% GP.
STAFF
7 Full time plus 5 Part time staff.
HOURS
2.00pm - 10.00pm - Mon to Fri
12.00pm - 10.oopm Sat & Sun
PREMISES
Attractive double fronted premises in the region of 1,765 ft² with tiled floor, suspended ceiling with spot and hanging lighting, Air conditioning with hot air, fresh air inlet. Tables and chairs providing seating for 90 People (can be expanded). Bar, ice machine, EPOS till, music system, glass washer. Ladies' & gentlemen's Toilet with W.C. and wash hand basin.
Open fronted Kitchen to rear with stainless steel extractor unit, Falcon Cooker, 2.5m charcoal grill, deep fryer (2 pan), oven, refrigerated making table, 2 fridges, freezer, dishwasher (commercial), sink and drainer, etc. Coffee machine, grinder, 6 pot bain marie, microwave oven. Stairs to first floor prep Area with st/stl prep tables, 2 chest freezers, st/stl sink, hand wash basin, fryer, 4 burner range, extractor system, 2 upright freezers. Door to outside rear yard with
Walk in cold-room. Bin Store area and parking for several vehicles.
LIVING ACCOMMODATION
Self contained accommodation approached from rear yard comprising 6 Bedrooms (2 double, 4 Single). Shower room with shower, W.C. and wash hand basin. (Gas Fired Central Heating)
Currently let to Staff and providing a rental income of £1,600 per month.
TENURE
New 16 year lease to ingoing tenant. RENT: £42,000 per annum. (4 year reviews)
The accommodation is currently rented to staff members providing a rental income of £1,600 pcm (£19,200 PA)
EPC RATING
TBA
BUSINESS RATES
Approx £9,000 per annum. payable.
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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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