Cafe and Bar
Good Position
Accounts Available
Turnkey Business
EPC Rating A
Cafe and Bar for sale in Cheriton, Kent
The property is situated in a very prominent position in Cheriton Road (B2064) in a parade of shops including KFC, Morrisons and a number of independent retailers in close proximity. Parking is readily available outside the property with 1 hour bays and is free after 6pm.
The property is based in Cheriton within walking distance to Folkestone West train station which has direct links to London St Pancras within 56 minutes on HS1. The Port of Dover is approx. 9 miles east with links to the continent.
The property is available on a 10 year lease expiring on 29th November 2034 with the current rent £8,700 per annum with a rent review in 2029 to £9,300 per annum.
For sale is a thriving café bar located in Folkestone, Kent. This turnkey business has shown consistent performance during its first 6 months of operation, becoming a valuable asset to the local community. Notably, it has developed a strong following for its quiz nights, which are sold out until December, presenting significant opportunities for extended hours and additional events. Currently trading Wednesday 10-2 Thursday, Friday and Saturday 10-10.
The interior of the café bar boasts a modern and inviting design, featuring high-quality fixtures that were recently refurbished to a high standard. Its stylish décor is complemented by outdoor seating, creating a welcoming atmosphere for customers. The establishment offers a diverse menu that includes exceptional coffee, brunch options, and an extensive bar selection, appealing to a wide range of customer preferences.
The layout is spacious, with comfortable seating arrangements suitable for various group sizes, making it a perfect destination for gatherings. Positioned on a busy high street with significant foot traffic and neighboring local traders, this venue benefits from high visibility and accessibility. While there is some competition from another coffee shop nearby, this café bar is the only bar in the area, which grants it a unique position in the market.
The business has been operating in its current form for six months, following an extensive refurbishment, and has seen its turnover triple since transitioning from a café to a bar. The current owners have successfully managed this business for one year, but are selling due to the need to care for aging parents.
This sale includes all fixtures and fittings, with the exception of the rented coffee machine and loaned beer cooler from a brewery. The business currently employs five staff members and has an established online presence through Just Eat. The owners are willing to provide training to ensure a smooth transition for the new owners.
The leasehold is priced at a negotiable £36,000 plus Stock at Asset Value (SAV), with an annual rent of £8,700, and the current turnover stands at £156,000. This is an excellent opportunity for someone looking to take over a successful and well-established café bar.
Fixtures and Fittings included (list upon request) and Accounts.
Rent: £8,700 PA
Business: £36,000
Retail: 49.6 sq m (530 sq ft)
Rateable Value: £4,550.00 (please contact Folkestone & Hythe District Council on 01303 853000 for further details)
Services: Electricity and Mains Water are connected (No Gas)
Energy Performance Certificate: D (96)
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone. 01303 212020 or commercial@motis-estates.com
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
IMPORTANT NOTICE FROM MOTIS ESTATES
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
