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Advert Ref: R366

Restaurant In Rainham For Sale

  • Rainham, Kent
Asking price:
£69,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PRIME MAIN ROAD LOCATION
60 COVERS
TREMENDOUS POTENTIAL

LOCATION
These well presented premises occupy a prominent trading location fronting a busy main road close to the centre of Rainham, with its shops, banks and offices. The business enjoys excellent passing trade and draws custom from over a wide catchment area.

BUSINESS
This is a well established concern which has been in the present hands since September 2012 and which is now only being marketed as a result of the vendors other business interests. Tremendous potential exists for longer hours to include lunch trade.

TURNOVER
£4,500 to £5,000 PWK @ 60% G.P.

STAFF
3 Full time and 5 part timers WAGES - £1300 PWK

HOURS
6.00pm - 10.00pm Tues – Sat (Sat 11-3 and 6-10)
12.00pm - 4.00pm Sun
Closed Mon

PREMISES
Imposing corner character premises with single frontage and single entrance to: Restaurant Area: Tastefully decorated to a high standard and furnished to accommodate 30 Covers at quality furniture. Bar: Fully equipped including elect cash register, 2 group espresso machine. Kitchen: 2X6 burner ranges, double fryer, pizza oven, st/stl prep surfaces, dishwasher, under counter refrigeration. Cellar: Store Area with Walk in Coldroom. First Floor: Restaurant Area: 30 further covers at quality furniture. Customer W.C. Second Floor: 2 Store Rooms/Offices:
OUTSIDE – 4 parking Spaces to rear.

TENURE
4 years remaining on original 10 year lease. (New 10 year lease available) RENT - £20,000 PA (5 year reviews – next review 2022)

EPC RATING
Band C

BUSINESS RATES
Nil payable 18/19

Property:
Leasehold

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

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