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PRIME OLD TOWN LOCATION
TURNOVER £150,000 P.A.
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.
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 commitments. Tremendous potential exists for longer opening hours especially more evenings.
£150,000 P.A. @ 65% GP.
1 Full timer plus owner
Lunch: 10.00am – 3.00pm Thurs to Sun and Evenings: 6.00pm to 9.00pm (Fri and Sat) Tremendous potential to increase hours.
Imposing corner premises with outside seating for 8. Attractive frontage and 2 separate entrances to: Restaurant Area: with 34 covers, exposed timber floor, Bar counter: Customer W.C's. Open Plan Kitchen: Counter, well equipped including 5 mini hobs, oven, microwave oven, 2 fridges, extractor. Wash up area: st/stl sink, dishwasher. 3 Store areas: Cellar: large dry store area.
21 years remaining on original 25 year lease RENT £11,000 P.A ( 3 year reviews)
Nil currently payable
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