Restaurants for sale in Ipswich

View the "70+ COVER CHINESE RESTAURANT & TAKEAWAY" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

70+ COVER CHINESE RESTAURANT & TAKEAWAY

Ipswich, Suffolk, England

  • Leasehold Price: £125,000
Seller Reference: C6310S
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Business Description
 
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Seller Reference: C6310S
Request Details
Business Description
70+ COVER CHINESE RESTAURANT & TAKEAWAY located in a PRIME TRADING LOCATION which is OPPOSITE A MULTI-STORY CAR PARK within the BUSY TOWN CENTRE - IPSWICH. The premises has been recognised as an EATING ESTABLISHMENT SINCE 1980 and has operated as a Chinese restaurant by our client for the last 7 years and has now brought the business to market with a GENUINE REASON FOR SALE. The business is predominantly STAFF RUN and it is VERY WELL PRESENTED benefiting from QUALITY FIXTURES & FITTINGS along with being sold with a FULL COMPLEMENT OF EQUIPMENT. Advised takings average between £9,000 - £11,000 per week with the usual HIGH GROSS PROFIT MARGINS yielding NET PROFITS OVER £65,000. Secure 20 year lease at a current rental of £20,500 per annum exclusive. We are advised the business rates payable are £7,500 per annum, but are currently exempt under Government Scheme. EARLY VIEWING ADVISED. 
Tenure:
Leasehold
Listed by:
Bradleys Countrywide
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