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Reference R6893

Chinese Restaurant in Wickford For Sale

Chinese Restaurant in Wickford For Sale
Buy a Chinese Restaurant in Wickford For Sale Sell a Chinese Restaurant in Wickford For Sale

Register to see map and to make an appointment Situated shopping centre, ESSEX WICKFORD

Turnover 7,000
Price 97,500

Features

Attractive Fully Fitted Licensed Restaurant

The Restaurant has been in the same hands for the past 10 years & is operated as a Licensed Chinese Buffet Restaurant.

LARGE CAR PARK (PAY & DISPLAY DAYTIME - FREE IN THE EVENINGS) adjacent to the shopping centre.

SPACIOUS DOUBLE FRONTED RESTAURANT with tiled floor, ceiling & wall lighting. Tables & chairs providing seating for 70 persons. BAR.

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

LEVEL KITCHEN with tiled floor & tiled walls, stainless steel cladding to cooking area, stainless steel extractor. The equipment includes 8-burner Chinese cooker, 1 deep fryer, double sink & drainer, dishwasher, fridge, walk-in deep freezer, walk-in coldroom etc.

Turnover

WE ARE INFORMED the turnover averages 7,000/8,000 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

At present operated by the vendor (who is a chef). Staff employed kitchen area 2 full time chefs, 2 part time chefs. Restaurant area 1 full time plus 1 part time waiter. In addition 2 part time persons are employed for deliveries.

Trading Hours

Operated 6 days per week - 12 noon - 2 p.m. Evenings - 5 p.m. - 10 p.m. (with the exception of Friday & Saturday evening when the business remains open until 10.30 p.m).

Tenure

We understand the premises are held on a new 15 years lease from July, 2016 at a rental of 28,000 p.a. exclusive of rates for the next 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 10,000 p.a. approx.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 97,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 48,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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