Business for sale

Business description

Situated in a parade, main road trading position, Middlesex

We are informed the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase. The vendor does undertake Takeaway orders, however, no deliveries are undertaken, and in our opinion there is potential for this, if desired. Gross profit 60% approx.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £138,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features At present Chinese cuisine, which could obviously be continued, and in our opinion, in view of the excellent main road trading position, there is potential for other types of cuisine, if required.

SPACIOUS RESTAURANT total area in the region of 1,400 sq. ft. with wood strip floor, low voltage spotlighting. Air conditioning. Tables and chairs providing seating for 80 persons. Bar with sink, glass washer, 2 glass fronted counter fridges.

Disabled/ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

Level kitchen with tiled floor. The equipment includes 7-burner Chinese cooker, 6-burner gas cooker, charcoal grill, 5 fridges, 1 upright deep freeze, 1 chest deep freeze etc.

Storeroom with 2 fridges plus 2 deep freezes

Staff The business is at present mainly staff operated. Staff employed 1 full time manager, 3 full time chefs, 1 full time waitress, 1 full time waiter. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Opening Hours 12 noon - 2.30 p.m. & 6 p.m. - 11.30 p.m. seven days per week.

Outside Small yard at rear

Tenure We understand the premises are held on a secure renewable lease, the present lease expiring in November, 2024 at a current rental of £20,000 p.a. exclusive of rates up to November, 2009, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,000 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION


Reference : R8078