Business Summary

Summary

Asking price: £99950

Sales revenue: £50k - £100k

Net profit: Undisclosed

Business Description

PRIME LOCATION - 32 COVERS – 6 DAY TRADING - ILL HEALTH SALE -

TREMENDOUS POTENTIAL FOR EVENING & BREAKFAST TRADE – CHARMING COURTYARD GARDEN

This is a well established concern which has been in the present hands for 4 years and which is now only being marketed as a result of the Vendors ill health. Tremendous potential exists for the introduction of Breakfast and Evening trade. Prior to the Vendors ill health the business was taking well in excess of the current turnover but the hours have now been reduced accordingly in order to maintain takings below the VAT threshold.

TURNOVER – £79,000 for the year end 2013 (45 weeks trading)

Property Information

Property: Leasehold

Lease terms: 3.5 years remaining on original 7 year lease. EPC RATING – Band C RENT - £12,000 P.A. (3 year reviews)

Location: These superbly presented premises occupy a prime High Street position in the center of Broadstairs being close to the seafront of this charming Kent Town. The business serves a well populated, affluent residential area which provides regular all year round trade.

Energy Performance Rating:C

Other Information

Trading hours: 10.30pm to 3.00pm – Tues to Sun (12-4 Sun) Closed – Mon

Fixtures value: Undisclosed

Stock value: Undisclosed

Property Details