ITALIAN RESTAURANT WITH 2 FLATS, FOLKSTONE, KENT Reference No: E7588J

Price: £ 69,950
Description

LOCATION:  In a parade of shops situated 10 minutes walk away from Folkestone Town Centre with its many multiples and 20 minutes to the harbour, it is opposite a Tesco Express. The Saga head office is close by with a 20 minute drive to Ashford Eurostar station. There is free customer parking outside on both sides of the road.

DESCRIPTION:  The single fronted restaurant (1,800 sq ft overall) currently has outside seating for 24 and 40 covers inside with a bar section and gents and ladies wc’s. At the rear is the fully fitted and equipped kitchen with a wash up section, rear access for deliveries and bin area. The 900 sq ft basement has 2 stockrooms then another room with a walk in cold room, freezers, wash-up section, staff wc and another area for fridge/freezer storage. The premises has full gas central heating.

BUSINESS:  In the same hands for over 16 years, the business is family run with 1 part time staff and takes on average £2,500/£3,000 pw at 65%/70% gp. The owner proposes to semi retire.

EQUIPMENT:  Fully equipped and fitted including an Astoria cappuccino machine and grinder, a glass washer, a wine fridge, a drinks fridge, 2 chest freezers, 2 upright freezers, a walk-in cold room, a freezer, a 6 burner gas cooker, a large charcoal grill, double Ace freezers, a large 4 section Baine Marie, a double deck pizza oven, a dough machine, a Foster upright fridge, a plate warmer, a meat slicer, an industrial dishwasher, a large safe, a 2 door pizza fridge, 5 stainless steel preparation tables, furniture, etc.

HOURS:  Noon to 2.30 pm then 6.00 pm to 10.00 pm. Closed on Mondays lunch time.

TENURE:  21 year renewable lease from 2001 with 5 yearly rent reviews at a current rent of £19,000 pa.

ACCOMODATION:  2 Flats on 3 floors above. The 1 bed flat on the 3 rd floor has the bedroom 16.6 x 10.7, a shower/wc 6.2 x 2.6. the lounge is on the 3 rd floor 18.7 x 8.6, kitchen 14.10 x 9.6. The owner’s self-contained 2 bed flat has the lounge 34.10 x 18.4 on the 1 st floor, a kitchen/diner 15.11 x 10.7, the main bedroom 34.10 x 18.4 on 2 nd floor, the 2 nd bedroom 15.11 x 10.7, a bathroom/wc 6.1 x 4.7 and a utility room.

RATES:  No small business rates payable.

VIEWINGS/NEGOTIATIONS:  Strictly through PEGASUS BUSINESS SALES on 020 7935 3939 

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