The Gallery

£149,950

REF: 44085

Leisure, Licensed

Leasehold

Margate England

Well established licenced restaurant, club and bar

Average weekly income c. £11,000

4am alcohol license, potential to extend opening hours and increase food sales

Excellent central location, viewing highly recommended

This is a rare and exciting opportunity to acquire a long established and well known licensed restaurant, club and bar which occupies a prime trading position in the vibrant city centre of Margate, which has been one of the leading seaside resorts in the UK for many years, drawing visters to its miles of sandy beaches.

The Gallery is proudly located within Margate’s Pleasure Beach Area close to the sea front, bus stations and train stations and is regarded as one of the prime leisure and tourist parts of the town. The area around the Pleasure Beach has undergone a massive regeneration scheme in recent years, with numerous stylish bars, boutiques, cafes and restaurants thus attracting both locals and also holiday makers throughout the year.

Having successfully operated within the city since approx. 2000 and under the current ownership since 2010, The Gallery has acquired a truly enviable reputation for offering one the best destination settings within the town, as it literally offers something for everyone including 80’s & 90’s nights, live bands, birthday, stag and hen parties as well as being family friendly during the day, by offering a wide selection of food cooked fresh on the premises by a full time chef.

The business operates from a spacious and versatile property which is well presented throughout, with attractive décor and furniture creating a relaxing environment at all times, making families also welcome.

The Gallery is a thriving and highly lucrative business and although operates seven days a week, it only takes advantage of the 4am licence on a Friday and Saturday night, giving fantastic potential for future growth and increase in income.

The business would therefore be ideally suited to both an experienced independent operative or as an excellent addition to an established corporate portfolio of licensed outlets. There is the opportunity to extend the opening times which will undoubtedly increase the already healthy profits yet further, this certainly is an attractive opportunity for any buyer.

This is a rare opportunity to purchase a highly successful and well known city centre venue which is only now being offered for sale due to other business interests outside of the leisure industry and viewing is therefore highly recommended to fully appreciate the area in general..

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