Back to Business List

Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.

Prime water front position, City Centre, LINCOLNSHIRE (Please register to make appointments and view addresses)

Newly fitted at considerable expense. Opened as a Chinese Restaurant in October, 2006 in our opinion offering tremendous potential for further improvement in the right hands.

SPACIOUS GROUND FLOOR RESTAURANT with ceramic tiled floor, air conditioning. Attractive ceiling with inset lighting plus handing lighting. Tables and chairs providing seating for 90 persons.

Open plan cooking area, fully equipped including stainless steel display cool unit for desserts, Taylors soft ice cream machine, 6-burner wok range, charcoal grill, cool display unit for cold meats and vegetables, large hot display counter unit, 7 glass fronted counter fridges, ice cube machine, 2 ice flake machines, sink and drainer, glass washer, additional sink and drainer, hot drinks dispenser, computer system.

Feature glass display lift (suitable for disabled) to first floor plus stairs to first floor:

Additional Restaurant area with ceramic tiled floor, tables and chairs providing seating for 30 persons. Mini bar unit with glass fronted counter fridge and glass washer.

Disabled cloakroom with w.c. and wash hand basin
Ladies' & gentlemen's cloakrooms each with w.c. and wash hand basin

Preparation kitchen with dumb waiter to ground floor. The kitchen has a tiled floor and is well equipped including 9-burner Chinese cooker, duck oven, roasting oven, 2 steamers, electric oven, walk-in coldroom, walk-in deep freeze, stainless steel tables, double sink and drainer, dish washer, wash hand basin etc.

WE ARE INFORMED the turnover averages £5,000/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

The business is at present operated under management. Staff employed 1 full time manager plus 3 full time in the restaurant area, whilst in the kitchen area there are 4 full time chefs plus additional part time staff at weekends. It will be appreciated upon inspection that with an active husband and wife team the wage bill could be reduced.

Monday - Friday inclusive - 12 noon - 3 p.m. & 5.30 p.m. - 10 p.m.
Saturday & Sunday - 12 noon - 10 p.m.

We understand the premises are held on a secure renewable 25 years lease from 24th June, 2006 at a rental of £60,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £18,826 p.a. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED SPACIOUS LICENSED RESTAURANT IN THIS SOUGHT AFTER TRADING POSITION.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £38,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT