Leasehold Cafe In Margate For Sale

Business Description

LOCATION
These well appointed premises occupy a coveted trading position fronting a main road on the outskirts of Margate, serving a well populated residential area and enjoying excellent passing trade all year round.

BUSINESS
This is a well established concern which has been in the present hands for some 9 years and which is now only being marketed as a result of the Vendors wish to retire. Tremendous potential exists for the introduction of longer hours including Wednesdays, evening opening and outside catering.

TURNOVER
We are informed that the turnover is seasonal but averages around £3,250 PWK @ 65% GP.

STAFF
Family Run

HOURS
8.00am to 5.00pm - Mon to Sun (Closed Weds)

PREMISES
Seating for 8 to Front. Double fronted premises with single entrance to: Café/Restaurant Area: tasteful decor and furnished to accommodate 42 covers. Refrigerated serve over counter, till, espresso coffee machine, fridge. Kitchen Area: griddle, double fryer, 4 ring cooker, 3 microwave ovens, extractor canopy, microwave oven, st/stl sink. Store Room: 4 chest freezers, double deep st/stl sink, dishwasher, washing machine. Lower Ground Floor: Store Room: Staff W.C. Outside: Yard: Pedestrian access.

LIVING ACCOMMODATION
Self Contained basement studio flat with separate rear entrance. Comprising: Bathroom: Lounge/Bedroom: Kitchenette:
TENURE
4 Years remaining on original 5 year lease (New lease possibly available) RENT - £7,200 P.A (5 year reviews)

EPC RATING
Band E

BUSINESS RATES
Nil currently payable

Property Information

Property:

Leasehold

Premises details:

Seating for 8 to Front. Double fronted premises with single entrance to: Café/Restaurant Area: tasteful decor and furnished to accommodate 42 covers. Refrigerated serve over counter, till, espresso coffee machine, fridge. Kitchen Area: griddle, double fryer, 4 ring cooker, 3 microwave ovens, extractor canopy, microwave oven, st/stl sink. Store Room: 4 chest freezers, double deep st/stl sink, dishwasher, washing machine. Lower Ground Floor: Store Room: Staff W.C. Outside: Yard: Pedestrian access.

Business Operation

Trading hours:

8.00am to 5.00pm - Mon to Sun (Closed Weds)

Other Information

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed