Chinese Restaurants for sale in London

View the "Chinese Takeaway with Seating in South London For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Chinese Takeaway with Seating in South London For Sale

London, England

  • Price: £59,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £6,000
  • Weekly Net Profit: £2,000
Seller Reference: PAX0200090299
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Business Description
 
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Seller Reference: PAX0200090299
Request Details
Business Description
Electric shutters to DOUBLE FRONTED PREMISES with quality tiled floor, ceiling with inset spotlighting, 3 hanging lights. Full Gas Fired Central Heating. Tables & chairs providing seating for 24 persons (can be increased). Counter, fridge/freezer.

LEVEL KITCHEN with tiled floor, tiled walls, stainless steel extractor system, 9-burner Chinese cooker, 4-burner gas cooker with oven, double deep fryer, 2 rice cookers, 2 large chest deep freezers, 2 counter deep freezers, double door white fridge, 1 counter fridge, double sink & drainer etc. Ladies' & gentlemen's cloakrooms

Turnover

WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering further potential to increase in the right hands.

We understand the split of turnover is approximately as follows: In house deliveries £1,000 p.w. Deliveroo approximately £1,200 p.w. Just Eat approximately £500 p.w. Takeaway £2,500 p.w. approximately £800 p.w. in respect of the restaurant.

Staff

At present operated by a lady vendor with the assistance of 2 full time chefs, 1 full time preparation, 1 part time driver for deliveries.

Trading Hours

CLOSED ALL DAY MONDAY
Tuesday - Saturday inclusive - 12 noon - 2.30 p.m. & 5 p.m. - 11 p.m.
Sunday opening - evenings only 5 p.m. - 11 p.m.

Tenure

We understand the premises are held on a secure renewable Council lease, the present lease having approximately 7 years unexpired at a rental of £14,000 p.a. exclusive of rates up to December, 2019 with rent to be agreed thereafter.

Uniform Business Rates: Nil payable at present after small business relief.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount.
Trading hours:
Closed Monday and Sunday lunch. Open Tuesday - Sunday: 12 p.m. - 2.30 p.m., 5 p.m. - 11 p.m.
Number of employees:
5
Location Details:
Well Established Chinese Hot Food Takeaway & Delivery Plus Small Restaurant Area
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