Business for sale

Business description

Excellent main road trading position, close to City Centre, Leicestershire

We are informed the turnover averages £6,000/£8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Outstanding opportunity to acquire a spacious well established Licensed Restaurant, at present Chinese cuisine, which could obviously be continued, and in our opinion in view of the excellent trading position there is potential for other types of cuisine if desired.

IMPRESSIVE & SPACIOUS LICENSED RESTAURANT all refurbished approx. 2 years ago. Quarry tiled floor, ceiling lighting, air conditioning. Tables and chairs providing seating for 100 persons. Bar with 1 hand pump, glass washer, sink, computer sytem with till.

Entrance to additional room at present used for Karaoke as and when required.

Fully tiled ladies' cloakroom with 3 w.c's, 2 wash hand basins
Gentlemen's cloakroom with 3 urinals, 2 w.c's, 2 wash hand basins
Separate disabled cloakroom with w.c. and wash hand basin

First floor spacious commercial kitchen, fully equipped including walk-in deep freeze, 2 walk-in coldrooms, 9-burner Chinese cooker, 6-burner gas cooker, 2 steamers, gas duck oven, stainless steel tables, 1 domestic plus 1 commercial microwave oven, double sink and drainer.

Staff The Restaurant is at present operated under management. Staff employed 1 full time manager plus 3 full time in the restaurant area whilst in the kitchen area there are 3 full time chefs plus 1 full time kitchen porter.

Opening Hours Monday - Saturday inclusive - 12 noon - 3 p.m. & 6 p.m.- 10.30 p.m.
Sunday opening - 12 noon - 10 p.m.

Outside To the rear of the Restaurant is a storeshed plus parking space for 2 cars

Tenure We understand the premises are held on a secure renewable lease having 25 years from 19th June, 2006 at a rental of £21,000 p.a. exclusive of rates for the fist 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £9,124 p.a. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS WELL FITTED LICENSED RESTAURANT IN THIS EXCELLENT TRADING POSITION.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R8774