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WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering treendous potential for further increase in the right hands. Gross profit 65% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
SPACIOUS DOUBLE FRONTED RESTAURANT with woodstrip floor. Tables and chairs providing seating for 60 persons. Bar.
Level kitchen, fully equipped including 7-burner Chinese cooker, stainless steel extractor unit, microwave oven, double sink and drainer, 2 stainless steel fridges, 1 additional fridge, 4 deep freezes etc.
Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Staff
The business is at present staff operated. Staff employed 1 full time manager, 5 full time plus 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Outside
Garden at rear
Tenure
We understand the premises are held on a secure renewable lease having approximately 8 years unexpired at a rental of £11,000 p.a. exclusive of rates, due for rent review at the present time, and thereafter after the following 4 years.
Uniform Business Rates: £1,700 p.a. approx. + water rates
THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE GENUINE REASONS FOR SALE.