Business for sale

Business description

We are informed the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION (£2,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Layby in front of parade providing restricted parking.

At present Chinese cuisine plus slight Malayasian 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 desired.

Attractive single fronted Restaurant, carpeted, ceiling with low voltage lighting. Tables and chairs providing seating for 40 persons. Bar with mirror-backed shelving.

Ladies' and gentlemen's cloakrooms

Level kitchen with 7-burner Chinese cooker, 3 microwave ovens, 1 upright deep freeze, 2 chest deep freezes, 2 fridges, 3 stainless steel tables, double sink and drainer etc.


Staff: The business is at present operated by the vendor with the assistance of a full time manager, 2 full time chefs, 2 part time waiters plus 1 part time delivery person.


Opening Hours: 12 noon - 2.30 p.m. & 5.30 p.m. - 11.15 p.m. seven days per week


Accommodation The accommodation comprises:

3 Bedrooms (2 doubles, 1 large single - it should be noted that the single bedroom is at present utilized as a stockroom)
Bathroom with bath, w.c. and wash hand basin
Private Kitchen


Outside Large garden (overgrown)
Rear parking for 2 cars


Tenure We understand the premises are held on a secure renewable lease from a private landlord having approx. 4 years unexpired at a rental of £15,000 p.a. exclusive of rates, fixed for the remainder of the lease.

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

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R7362