Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Established Cafe / Restaurant In Margate For Sale

Margate, Kent, UK
Asking Price:
£75,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

PRIME OLD TOWN LOCATION
IMPECCABLE PREMISES
34 COVERS
TURNOVER £150,000 P.A.

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 commitments. Tremendous potential exists for longer opening hours especially more evenings.

TURNOVER
£150,000 P.A. @ 65% GP.

STAFF
1 Full timer plus owner

HOURS
Lunch: 10.00am – 3.00pm Thurs to Sun and Evenings: 6.00pm to 9.00pm (Fri and Sat) Tremendous potential to increase hours.

PREMISES
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.

TENURE
21 years remaining on original 25 year lease RENT £11,000 P.A ( 3 year reviews)

EPC RATING
TBA

BUSINESS RATES
Nil currently payable

Property Information

Property:

Leasehold

Contact Apex Business Sales

Selling a business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here