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Restaurant/cafe for sale

£39,995

24 Marine Gardens, Margate CT9

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Property description

Business
Hilton Smythe are delighted to present to the market a new and exciting Burger brand named the ‘Store Burger’ established by our client in mid 2017 and reluctantly offered for sale due to the expansion of their young family.

The brand design, menu and location were carefully planned by our client 2 years ago and any new buyer will be able to capitalise on the unique business model new to Margate.

The standard of the store, design and materials creates a feel of a branded burger restaurant similar standard to company's like Honest Burger, Bryon Hamburgers, Burger and Lobster, Burgers Brothers and Coggings & Co.

The burger store offers a large vegan menu, dairy free ice cream, local sourced meat and ingredients, almond milkshakes and uniquely for a takeaway 3 cooked hand cut chips!

The menu offers single or double stack burgers, cheeseburger both served in locally made brioche bun, buttermilk chicken strips, minute steak sub, the Jocelyn veg burger, kid’s slider and meal deal, sides include hand cut chips, crispy leeks, fried haloumi, jalapenos, smoked bacon and more.

Patties are 100% pure blended beef from Goldstone Farm, Ash in East Kent.

Desserts - iced sourdough Amish doughnuts and almond milkshakes.

Cold drinks - coke, San Pellegrino, Chegworth Valley fresh apple juices and kids fruit juices.

All orders cooked fresh at point of ordering.

Our clients run the business to suit their time available in the summer months with a soft opening in July, there is potential to open all year round, add deliveries through apps such as JustEat, open later (previous takeaway business on this site opened till 3am) and attend more festivals with the outside catering equipment and gazebo included in the sale.

5* hygiene rating

Our client owns the website and but haven't built a site as of yet. In the first summer they gained 700 followers on Instagram and excellent reviews on TripAdvisor.

Location
Store Burger enjoys a highly enviable trading position facing Costa Coffee on Marine Gardens, central Margate.

The busy street leads directly from Margate's seafront attractions and up to the main shopping area with the restaurants, bars, high street stores and banks. Margate is thriving under a boost of government and private investment, improving the seafront and attractions as well as improving the infrastructure and choice of new apartments/houses to buy or rent.

Margate is located on the southeast coast and particularly known for its wide sandy beach, the modern Turner contemporary art gallery and the re-invigorated Dreamland amusement park which is only 2 minutes walk from our client’s business. Margate is 16 miles east of Canterbury and accessed via the A28 and A299 which connects directly onto the M2 motorway.
Premises
Complete refurbishment including new electrics, new plumbing, new stairs, new extraction system, new kitchen and preparation area installed on the lower ground floor and doors widened.

New CCTV and alarm system installed.

External lightbox and professionally designed logo.

Ground floor - customer waiting area, fully tiled in shiny white metro tiles with contemporary industrial lighting.

Service area - bespoke concrete service topped counter with under counter storage, iPad ordering and till, card machine, Buffalo griddle, 2 Lincat dryers, stainless steel chilled preparation unit with salad boxes, large extraction unit, hand wash sink and glass fronted drinks chiller.

Lower ground - dry store area, storage racking, office area with filing cabinet.

Preparation area - double stainless steel sinks, upright fridge, racking, chest freezer, stainless steel preparation tables.

Full equipment list available.
Tenure
This is a Leasehold sale.

10 year original lease.

9 years remain as of 2017.

Rent of £6,000 per annum.
Hours
The business is run to suit.

Summer hours: -

Friday: 5pm - 9pm

Saturday: 1am - 9pm

Sunday: 1am - 6pm which is approximately 30% of the available hours allowed to be open.

Endless scope to increase hours and extend to 3am with agreement with local council.
Staff
Runs with 1 member of staff when quiet and 2 or more when busy.
Financial profile
First 4 month average at £1,350 per month, with a gross of circa £850.

Assets worth circa £15,000.

What Zoopla users think of Margate

Overall rating:

  • currently 3 stars
Good - 56% (188 ratings)

Ratings breakdown:

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Nearby transport

  • Margate (0.4 miles)
  • Westgate-on-Sea (1.9 miles)
  • Broadstairs (3.0 miles)
  • Manston Airport (3.5 miles)
  • London Southend Airport (32.1 miles)
  • Lydd Airport (35.4 miles)
  • Ramsgate Ferry Terminal (4.4 miles)
  • Dover Eastern Docks Ferry Terminal (18.2 miles)
  • Dover Western Docks Ferry Terminal (18.9 miles)

Nearby schools

View all schools in Thanet
  • Margate, Holy Trinity and St John's Church of England Primary School (0.2 miles)
  • Salmestone Primary School (0.6 miles)
  • St Gregory's Catholic Primary School, Margate (0.8 miles)
  • Westgate College (0.4 miles)
  • Hilderstone College (2.8 miles)
  • East Kent College (3.3 miles)
  • Parkview Academy (0.6 miles)
  • Lighthouse School (0.7 miles)
  • Hartsdown Academy (0.7 miles)
Note: Distances are straight line measurements

Local info for Thanet

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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