FinanceYou can borrow
£ 75,000 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Outstanding opportunity to acquire a spacious licenced restaurant, we understand Chinese cuisine for the past 40 years.
No parking restrictions in front of restaurant during the evening
Car park at rear for approx. 10/15 cars
IMPRESSIVE & SPACIOUS RESTAURANT with new Amtico floor (new approx. 2 months ago), 2 attractive raised areas (1 carpeted other with Amtico tiled floor). Tables and chairs providing seating for 80 persons (can be increased to accommodate a maximum of 100 persons, if required). 2 air conditioning units, stereo system. Dispense bar with upright glass fronted wine fridge, hot plate, stainless steel cabinet, glass shelving, optics, 2 sinks.
LEVEL KITCHEN with tiled floor. 7-burner Chinese cooker, 2-burner plus large grill with oven, large steamer, fridge/freezer, stainless steel table, upright stainless steel fridge, double sink and drainer.
First floor fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover currently averages £10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Included in the turnover is a certain amount of hot food takeaway. Gross profit we understand in excess of 70%.
Staff
At present operated by the vendor with the assistance of restaurant staff comprising 5 full time waitresses, 1 part time waiter, 3 part time waitresses. Kitche area 4 full time chefs plus 1 part time washer-up. In our opinion with a more active husband and wife team, the wage bill could be reduced.
The accommodation part of the restaurant with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
In addition there is a shower room with shower, w.c. and wash hand basin
ADDITIONAL ACCOMMODATION SITUATED OVER THE REMAINING PART OF THE RESTAURANT, also with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms
Tiled shower room with shower, w.c. and wash hand basin
Kitchen area
Tenure
Part of the Restaurant with the 3 bedroom accommodation over and rear car park is held on a lease from a private landlord having approximately 10 years unexpired at a current rental of £24,500 p.a. exclusive of rates for the next 3 years, with rent reviews every 5 years.
The remaining part of the freehold with 2 bedroom accommodation over is owned by the vendor and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease at a rental of £18,500 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £8,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED & SPACIOUS LICENSED RESTAURANT IN THIS SOUGHT AFTER & WEALTHY BUCKINGHAMSHIRE LOCALITY.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
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