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Advert Ref: R440

L Hold Precinct Coffee Shops In Maidstone For Sale

  • Maidstone, Kent
Asking price:
£165,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

COMPRISING TWO OUTLETS
PRIME SHOPPING PRECINT LOCATION
100+ COVERS PLUS 65+ COVER SECOND UNIT
STAFF RUN
RETIREMENT SALE
DEBT FREE LIMITED COMPANY SALE

LOCATION
This immaculately appointed business comprising two outlets occupies a coveted trading position in the centre of this popular shopping precinct located in the centre of Maidstone. The business is virtually unopposed and is close to all the major stores.

BUSINESS
This is a well established concern which has been in the present hands for 42 years and which is now only reluctantly being marketed as a result of the Vendors wish to retire. The business is suitable for both a multiple operator or an independent.

TURNOVER
Details on request

STAFF
Run by Husband and Wife plus 3 Full time staff and 3 part time staff

HOURS
Mon to Sat - 8.30am to 5.00pm (Sun 10-4)

PREMISES
Main Restaurant: Approx 1900 sqft. Fitted to a high standard with seating area for 100 plus covers at quality furniture. Extensive self service displays with Hot, Cold and ambient sections, espresso machine, checkout with till. Kitchen/Prep area: again, fully equipped to a high standard (Full inventory available on request). Separate Ice cream/Coffee kiosk. with servery and till. Second Outlet: located on the ground floor of the precinct with a further 65 plus covers and coffee servery with espresso machine, till.

TENURE
Main Restaurant: 3 Years remaining on original 5 Year lease RENT - £27,500 P.A. (including a £2500 P.A. discount) SERVICE CHARGE - £12,700 P.A.
Second Outlet: 3 years remaining on original 5 year lease. RENT - £17,500 P.A. SERVICE CHARGE - £2,000 P.A.
Leases within Landlord and Tenant act 1954 with 12 month Tenant only break clause. No rent deposit or Guarantor required.

BUSINESS RATES
Main Restaurant £11,700 P.A. Payable
Second outlet £4,900 P.A. Payable

Property:
Leasehold

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

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