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WE ARE INFORMED the turnover averages £2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.
Price
TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a fully equipped Licensed Restaurant at present Vietnamese and Chinese cuisine, which could obviously be continued, however, in our opinion in view of the excellent main road trading position there is potential for other types of cuisine, if desired.
SINGLE FRONTED RESTAURANT with woodstrip floor. Tables and chairs providing seating for 60 persons. Wall and ceiling lighting. 2 dispense bars with 'T' bar hand pump, 1 bar has a sink.
Rear kitchen with tiled floor. The equipment includes 9-burner Chinese cooker, stainless steel extractor unit, 1 microwave oven, 1 large freezer, 1 counter fridge, 1 walk-in coldroom, double sink and drainer, single sink and drainer, wash hand basin.
Staff cloakroom with w.c. and wash hand basin
Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Separate disabled cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by a husband and wife team with the assistance of 2 full time plus 1 part time staff.
Opening
Hours
CLOSED ALL DAY MONDAY
Tuesday - Sunday inclusive - 12 noon - 2 p.m. & 6 p.m. - 11 p.m.
Accommodation
The accommodation in the form of 2 SELF CONTAINED FLATS over, comprises:
First Floor Flat
2 Double Bedrooms
Shower room with shower, w.c. and wash hand basin
Lounge
Kitchen
Second Floor Flat at present let on a shorthold tenancy and provides a rental income of £400 per month, however, we understand that vacant possession can be given on completion comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
Tenure
We understand the premises are held on a lease having approximately 19 years unexpired at a rental of £18,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £4,000 p.a. approx. + water rates (metered)
