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Advert Ref: C1045

Leasehold Lic Coffee Shop Cafe In Margate For Sale

  • Margate, Kent
Asking price:
£79,950
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PRIME OLD TOWN LOCATION
IMPECCABLE PREMISES
STAFF RUN
TURNOVER £4000 PWK

LOCATION
These charming premises occupy a coveted trading position in the Old Town of Margate, being close to the Turner contemporary art gallery and the seafront. The business enjoys excellent all year round trade.

BUSINESS
The business has been in the present hands for some 3 years and is now only being marketed as a result of the Vendors other business and family commitments. Tremendous potential exists for longer opening hours especially early breakfast trade and evening trade.

TURNOVER
£4000 PWK @ 65% GP.

HOURS
9.00am – 4.00pm Weds to Sun (Closed Mon and Tues)

PREMISES
Imposing corner premises with outside seating for 32. Attractive frontage and single entrance to: Cafe Area: with 30 covers, exposed timber floor, Servery/Kitchen: Counter, electronic till, drinks chiller, 2 group espresso machine, toaster, 2 microwave ovens, grill, extractor canopy, 2 fridges, st/st sink Lobby: Lower Ground Floor: Customer Ladies and Gents W.C’s. Prep Kitchen: St/stl sink, upright chiller, freezer.

TENURE
7 year lease from May 2016 (Outside L/lord and Tenant Act) RENT - £19,000 P.A (INCREASING BY £1000 p.a. FOR NEXT 2 YEARS)

EPC RATING
BAND F

BUSINESS RATES
Nil Currently payable

Property:
Leasehold

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

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