Reign Bar And lounge 13 Albion Street Broadstairs.

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

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.