Leasehold Lic. Themed Restaurant In North Kent Town For Sale

Description

LEASEHOLD LICENSED RESTAURANT FOR SALESelf-contained 6-bedroom accommodation included.LocationProminently located on the High Street of a busy North Kent town, serving a densely populated residential area. A bus stop, large public car park, and a major NHS hospital are all located nearby.BusinessEstablished under the current ownership for the past 18 years, this themed restaurant has built an excellent reputation and is now offered for sale due to health and retirement reasons.The business currently operates reduced trading hours and offers potential to increase daytime opening. The premises are suitable for a wide variety of cuisine concepts.The sale includes self-contained 6-bedroom accommodation, suitable for owner occupation or subletting.TurnoverCurrent average turnover of approximately £5,500 per week with an estimated gross profit margin of 65%, including approximately £1,000 per week from deliveries.Trading Hours* Tuesday to Saturday: 5:00 pm - 10:00 pm* Friday and Sunday: 12:00 pm - 10:00 pm* Closed MondayPremisesDouble-fronted premises of approximately 2,980 sq ft.Restaurant area with laminate flooring, spot lighting, bar, triple-door glass-fronted drinks display fridge, tables and chairs providing seating for approximately 55 customers, two flat-screen televisions, and an eight-camera CCTV system.Commercial kitchen fitted with a stainless steel extraction system, six-burner gas cooker, charcoal grill, four-basket Valentine deep fryer, salad fridge, plate warmer, griddle, commercial dishwasher, three commercial microwave ovens, walk-in cold room, and walk-in freezer.First floor of approximately 680 sq ft including ladies' and gentlemen's toilets, staff toilet, stock room, and storage room.Basement restaurant area of approximately 950 sq ft with bar, seating for approximately 55 customers, sofa lounge area, three flat-screen televisions, and a small office.Living AccommodationSelf-contained accommodation with gas-fired central heating and double-glazed windows.Comprises:* Six double bedrooms, including one with en-suite* Lounge* Fully fitted kitchen* Bathroom with bath, WC, and wash basin* Additional WCThe accommodation has the potential to generate rental income of approximately £40,000 per annum if sublet.TenureNew 16-year lease available.Rent: £45,000 per annum with rent reviews every four years.EPC RatingTo be advised.