Licensed Chinese Restaurant in Surrey For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SURREY

Turnover £ 14,000
Price £185,000

Features

Licensed Chinese Restaurant

6 DAYS OPENING * 5 STAR HYGIENE RATING *

DOUBLE FRONTED PREMISES in the region of 1,722 ft². CCTV (4 cameras) carpet flooring, suspended ceiling with wall and pendant lights. Tables and chairs seating 65 persons.

Reception with Bar. Computer and printer. 4 under-counter fridges for drinks, ice maker, wine display racking, wash hand basin.

Ladies' and gentlemen's cloakrooms with toliet and wash hand basin

Second Bar area for spirits. Coffee machine

Function Room for private celebrations seating 8

KITCHEN. Tiled flooring, tube lighting. Stainless steel extractor, 7-burner Chinese Cooker, 4-burner hob, oven, 3 deep fryers, 4 rice cookers, 4-pot bain marie, 2 steamers, counter preparation fridge, 6 freezers, 2 fridges, 3 double sinks and drainer, 2 wash hand basins

Walk-in cold room

Staff toilet & wash hand basin

Fire exit

Turnover

WE ARE INFORMED by the owner the turnover currently averages £14,000 p.w.

Staff

The business is at present operated by a husband & wife team with 6 full time staff employed. We are informed the wage bill averages £3,000 p.w. approx.

Trading Hours

6 Day week
Monday, Wednesday, Thursday & Sunday - 12 noon -2.30 p.m. & 5 - 10 p.m
Friday & Saturday 12 noon - 2.30 p.m. & 5 p.m. - 10.30 p.m.
CLOSED TUESDAY

Accommodation

THE ACCOMMODATION entrance via door to the rear of the restaurant to Flat above with Gas Fired Central Heating over 3 floors, comprises:

1 bedroom
Lounge
w.c with sink
Fitted Kitchen.

Stairs to 2nd floor
2 large double bedrooms 1 standard double
Bathroom with shower cubicle, w.c. and sink.


Stairs to third floor
Fitted Kitchen
2 large double bedrooms, 1 standard double
Bathroom with bath, sink and w.c.

Outside

Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2012 with reviews every 3 years (next review 2024) at a current rent of £57,000 p.a.

Business Rates from April 2022 £14,000 approx. (after small business relief.)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 92,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote