Chinese Restaurant & Takeaway in Westerham For Sale

Situated in a parade, excellent main road trading position, close to Waitrose & a Tesco Express, residential area, KENT WESTERHAM

Turnover £ 10,000
Price £85,000

Features

Well Fitted Chinese Restaurant & Takeaway

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,350 ft². Laminated strip floor, suspended ceiling with spotlights. 2 Air conditioning units with hot air. Bar, EPOS till. Tables and chairs providing seating for 60 persons.

KITCHEN. Stainless steel extractor unit, 9-burner Chinese cooker, upright steamer, deep fryer, 2 plate warmers, 4 deep freezers, glass fronted freezer, under-counter 3-door fridge, microwave, 2 double sinks and drainer.

Walk-in coldroom

Ladies' & gentlemen's toilet with w.c. and wash hand basin

External stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000/£12,000 p.w. with a Gross profit of 65% approx. (35% DELIVERIES)

Staff

The business is at present operated by the vendor's family with 6 full time & 3 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 5 p.m - 10.30 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION currently used by staff with Gas Fired Central Heating. The accommodation comprises:

2 Bedrooms (1 double, 1 single)
Lounge
Kitchen
Shower room with shower, w.c. and wash hand basin

Outside

Parking space for 2 cars.

Tenure

The private landlord, subject to satisfactory references, are prepared to grant a new SECURE RENEWABLE 20 years full repairing and insuring lease with rent reviews every 5 years at a rent of £37,000 p.a. for the first 5 years plus VAT

Business Rates from April 2022 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2001 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote