SPACIOUS LICENSED CHINESE RESTAURANT & NOODLE BAR
Price:
Leasehold - £70,000
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : MODERN SHOP FRONT TO SPACIOUS LICENSED RESTAURANT, air conditioning, ceiling with inset spotlighting, new tiled floor. Tables and chairs providing seating for 55 persons. Bar with 2 hand pumps, sink, double door glass fronted counter fridge, ice machine.
Fully tiled disabled cloakroom with w.c. and wash hand basin
In addition fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Large level kitchen with quarry tiled floor. The equipment includes 11-burner Chinese cooker, stainless steel extractor unit, double deep fryer, 3-door stainless steel counter fridge, 3 stainless steel tables, double sink and drainer, wash hand basin, 1 chest deep freeze, 1 upright deep freeze.
Stairs to large basement ideal for storage purposes and with 3 chest deep freezes, 1 additional small deep freeze, walk-in coldroom, shelving etc.
IN ADDITION INCLUDED IN THE LEASE is an adjoining shop with basement having cloakroom with w.c. and wash hand basin. This adjoining shop is let on a 3 monthly agreement and at present provides a rental income of £5,200 p.a. plus rates.
WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We are further advised that the minimum winter turnover is in the region of £4,000 p.w. increasing in the summer months to £6,000/£7,000 p.w). Gross profit 65% approx.
We understand the entire premises are held on a secure renewable lease from a private landlord, the present lease having approximately 8 years unexpired at a rental of £21,750 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years. (As will be appreciated with the rental income from the adjoining shop, the net rental payable at the present time is only £16,550 p.a. exclusive of rates).
Uniform Business Rates: £5,000 p.a. approx.
THIS WELL FITTED LICENSED RESTAURANT WITH SPACIOUS LIVING ACCOMMODATION HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
REALISTICALLY PRICED FOR EARLY SALE
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent trading position, KENT
The SPACIOUS living accommodation all in GOOD CONDITION, comprises:
First Floor
Large Lounge
Separate Dining Room
Fully fitted kitchen
1 Double Bedroom with en suite shower room with shower, w.c. and wash hand basin
Second Floor
Large Lounge (or additional bedroom, if desired)
In addition there are 4 Double Bedrooms
Large Bathroom with bath, w.c. and wash hand basin
Large paved yard at rear
UK Non-Specific
£ 800,000
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