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Reference R6675

Chinese Restaurant in East Sussex For Sale

Chinese Restaurant in East Sussex For Sale
Chinese Restaurant in East Sussex For Sale Buy a Chinese Restaurant in East Sussex For Sale Sell a Chinese Restaurant in East Sussex For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, EAST SUSSEX

Turnover 1,300
Price 280,000

Features

Spacious Freehold Licensed Restaurant

The business has been in the same hands for the past 36 years & is operated as Chinese cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS DOUBLE FRONTED RESTAURANT carpeted, ceiling lighting. Tables & chairs providing seating for 54 persons (can be increased). BAR with mirror-backed shevling, sink.

Ground floor gentlemen's toilet

First floor ladies' cloakroom with w.c. & wash hand basin
Large storeroom with deep freezer

LEVEL KITCHEN with quarry tiled floor. The equipment includes 9-burner Chinese cooker, extractor system, 6-burner gas cooker with double oven, 1 domestic microwave oven, 1 stainless steel fridge, 1 glass fronted fridge, large chest deep freezer, 1 small deep freezer, double sink & drainer plus single sink & drainer.

Stairs to large basement with rear access to garden

Turnover

WE ARE INFORMED the turnover averages 1,300 p.w. including some takeaway in our opinion offering terrific potential for further development in the right hands.

Staff

At present operated by the vendor & his wife plus son

Trading Hours

Sunday - Thursday inclusive - 12 noon - 2 p.m. & 5.30 p.m. - 9.30 p.m.
Friday & Saturday - 12 noon - 2 p.m. & 5.30 p.m. - 10 p.m.
CLOSED ALL DAY MONDAY

Accommodation

The SPACIOUS living accommodation comprises:

First Floor
Large lounge
Large double bedroom

Second Floor
Large kitchen or additional bedroom
Bathroom with bath, w.c. & wash hand basin
4/5 steps to a further 2 large bedrooms

Third Floor
2 additional large double bedrooms

In addition there is a small loft

Outside

Large yard/garden

Tenure

Uniform Business Rates: 3,023 p.a. after small business relief

AS STATED THE RESTAURANT HAS BEEN IN THE HANDS FOR THE PAST 36 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 280,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 196,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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