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Reference : R7407

Situated in a parade, excellent trading position, EAST SUSSEX (Please register to make appointments and view addresses)

WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Outstanding opportunity to acquire a well equipped Licensed Restaurant established as Chinese Cuisine approx. 2 years ago and operated on a Buffet Style.

Spacious double fronted Restaurant with woodstrip floor, ceiling hanging lighting, full gas fired central heating. Tables and chairs providing seating for 34 persons. Bar with coffee machine, ice maker, sink, 1 double door counter fridge, 1 single door fridge. Hot display cabinet in window, soup kettle. CCTV system including 2 cameras, monitor plus recording system.

Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

Stairs to basement kitchen with industrial non-slip floor, the equipment includes stainless steel extractor unit, 7-burner Chinese cooker, 6-burner gas cooker, 2 deep fryers, commercial microwave oven, robocoup, 2 small fridges, 1 small deep freeze.

Preparation area with double sink and drainer, fridge, 2 upright deep freezes

The business is at present operated by a lady vendor with the assistance of her husband on a part time basis plus 3 full time and 2 part time staff. Wages paid in the region of £1,000 p.w.

12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m. seven days per week

Yard at rear for rubbish

We understand the premises are held on a secure renewable lease having approx. 9 years unexpired at a rental of £13,500 p.a. exclusive of rates for the next 4 years, with rent to be agreed thereafter.

Uniform Business Rates: £4,100 p.a. approx. + water rates (metered)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

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