Long established licensed cantonise restaurant / takeaway.
Business for sale
Asking Price:
£150,000
Turnover:
£208,000
Annual profit:
£108,700
Audited accounts:
Yes
Management accounts:
Yes
Business description
Situated in a small parade, excellent trading position, residential area, Lancs.Turnover WE ARE INFORMED the turnover averages £4,000 p.w. Gross profit 67% approx.
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£5,000 approx.)SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Features Double fronted Grade 2 Listed, medium sized premises, Gas Fired Central Heating, carpet tiled floor, suspended ceiling with spot lights.
THE BAR AREA
Spacious Bar area, hand pump, wine rack, 6 optics, electronic cash register, etc.
THE KITCHEN AREA
Separate level kitchen stainless steel work surfaces, 2-burner gas cooker, stainless steel extractor canopy, 2 fridge and 2 freezer, double sink and drainer and separate wash hand basin, etc.
* Tables and chairs providing seating for 35 people
* Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin.
Staff The business is at present operated by the Husband & Wife team, with the assistance of 3 full time.
Opening Hours 6 Day week (Tuesday - Sunday) 5pm - 10.30pm
Thursday - Saturday 12pm - 2pm
Tenure The vendors owns the freehold and subject to satisfactory references are prepared to grant a new 16 years lease at a rental of £18,000 p.a. exclusive of rates next rent review in 4 years then every 4 years.
Reference : R8723
Employee details
Fulltime staff:
3
Parttime staff:
0
