Reign Bar and Lounge 13 Albion Street Broadstrais CT10 1LU

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 - To be confirmed by the Vendors.

The business - At present operated by the 2 partners 5 days a week with 7 full time plus 7 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 12.00pm to late,Friday 12pm-12.00am,Saturday 9.30 am - 12.00am Sunday 9.30 am-9.30 pm

The Price to included the secure renewable Lease,Good will,Fixtures and fittings.£140.000 plus stock at valuation.

Business Rates
Kent County Council, Business Rates

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.