Bar and nightclub for sale

Albion Street, Broadstairs CT10

01843 306091

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Bar and nightclub

0 bed

0 bath

2,744 sq ft / 255 sq m

Property description & features

Tenure: Leasehold
COCKTAIL LOUNGE AND BAR
EXCELLENT POSITION

A chance in a life time to purchase a Cocktail Bar and restaurant within a modern and well kept building.Only minutes walk from other Restaurant's and eateries with a 5 star hygiene Rating, approx 1750 sq ft floor space,outside seating for 15 people.Internally tables and chairs providing seating for 54 people.There is tremendous potential to add full catering which would increase your profitability.Internal viewing to appreciate this well appointed Cocktail Bar and expand the restaurant side of the business.

Turnover - We are informed by the owner the turnover currently average £5650.00 pw with a gross profit of 65% approx.

The business - At present operated by the 2 partners on a part time basis with 1 full time plus 5 part time staff..

There is a 20 year lease from 2016 with rent reviews every 5 years next due on the 2026 .The current rent of £30,000 pa + vat

Rateable Value £24,250 This is not the amount payable but the against which the current rate is applied.

Current trading times Wednesday & Thursday 5-10pm,Friday 3-11pm,Saturday 12-11pm,Sunday 12-7pm

The Price to included the secure renewable Lease,Good will,Fixtures and fittings.£175.000 plus stock at valuation.

The business has been in the same hands since 2020 and is solely offered for sale ,due to the vendors other busin

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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Homeland Estates - Broadstairs

13 The Broadway Broadstairs, Kent CT10 2AD

01843 306091

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We have been selling and letting homes across the South East since 1991 and have a dedicated team that can accommodate all your property requirements our Company Director has over 25 years experience in the property field alone. We are also proud to be appointed “as local agent” for Clive Emson Auctioneers dealing in the auction of a variety of properties across the South East. We are always happy to assist you no matter how large or small your enquiry is. If you are thinking of selling or looking at buying, wanting to let or have a property wanting a tenant, we really are your one stop agent.

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