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Advert Ref: R427

Bar In Folkestone For Sale

  • Folkestone, Kent
Asking price:
£18,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PRIME LOCATION
HUGE FOOTFALL
TREMENDOUS POTENTIAL
TURNOVER £2,500+ PWK

LOCATION
These immaculately presented premises occupy a prime trading location fronting a busy street in the centre of Folkestone being amongst all the major multiple stores, banks and offices. The business consequently enjoys tremendous footfall.

BUSINESS
The business was established by our client in early 2018 and is now only being marketed as he wishes to return to his original profession. Tremendous potential exists for more marketing including a better social media presence.

TURNOVER
£2,500 - £3,000 pwk @ 65% GP.

Please note that the business enjoyed a turnover of £12,151 for the month of August 2019.

STAFF
2 part time plus 1 owners

HOURS
12.00pm to 11.00pm Tues to Sun (Closed Mon)

PREMISES
Imposing premises. Single frontage and single entrance to: Bar Area: 70 covers at quality furniture, air con unit, Central Bar Servery: with 2 banks of beer pumps, carbonated drinks dispenser, wine and beer chillers. Store Area: Customer W.C's. Lower Ground Floor: Store Room: Cellar Area: Kitchette: st/stl sink Staff W.C. (Note: the lower ground floor has a high ceiling and 2 independent means of access, consequently it would be ideal for conversion into an additional bar area or music venue.) OUTSIDE: pedestrian access at rear

TENURE
11 years remaining on original 12 year lease. RENT - £12,000 PA (3 year reviews)

EPC RATING
Band D

BUSINESS RATES
Nil currently payable

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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