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WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
At present Chinese cuisine, which could obviously be continued and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisines, if desired.
SINGLE FRONTED RESTAURANT, carpeted. Tables and chairs providing seating for 30 persons. Large Bar with mirror-backed shelving, fridge, sink.
Stairs to basement providing ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Stockroom
Large basement kitchen with dumb waiter to ground floor, quarry tiled floor, tiled walls. The equipment includes 9-burner Chinese cooker, stainless steel extractor unit, rice cooker, 6-burner gas cooker, double deep fryer, 2 door plus 2 drawer stainless steel counter fridge, stainless steel tables, fridge, fridge/freezer etc.
Staff
The business is at present operated by the owners with the assistance of 1 full time and 1 part time staff.
Opening
Hours
Evenings only - 5 p.m. - 11 p.m. seven evenings p.w.
It will be appreciated upon inspection that there is potential for lunch time opening.
Accommodation
The spacious living accommodation used by the owners plus as staff accommodation comprises:
6 Bedrooms (5 doubles, 1 single)
Shower room with shower, w.c. and wash hand basin
Kitchen
In addition, there is a storeroom
Outside
Yard at rear with parking space for 2 cars
Tenure
We understand the premises are held on a secure renewable lease having approximately 18 years unexpired at a rental of £24,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £2,600 p.a. approx. + water rates
