Chinese Cafe & Takeaway

Price:

Leasehold - £58,000

Turnover:

Seller Ref:

CL001140

Location:

London, London City, Holborn

Business Type:

Food Service Businesses

See Other:

Chinese takeaways for sale in London
Cafés for sale in London
Food service businesses for sale in London

Description:

THE BUSINESS:

A5 Chinese Take Away and Restaurant which has been established from new by the current owner for the past 2 years. The business is operated by the owner with the assistance of a chef and one part time member of staff with a wage bill of c£500 per week.

A high percentage of the turnover is derived from eating in customers with very little take away or delivery. There is huge scope to increase this trade with the correct amount of marketing.

Current advised turnover c£2,500 per week working on a gross profit of 65-70%.

Location Details:

Sited in a busy street in Holborn with many other eateries nearby resulting in a well known destination eating area in this very busy commercial district benefiting from a heavy footfall of passing trade from both office workers and many tourists in the area.

Lease Terms:

5 years (2011) remaining on lease. (Adams & Co have not seen the lease but are advised that the lease is renewable within the Landlord & Tenant Act). Rent £11,450 per annum. Rates c£3,900 pa.

Trading Hours:

11.30am-9.30pm Monday to Friday. Saturday 5pm-9.30 pm only. Closed Sunday