Authentic Chinese Restaurant in Woking For Sale

Situated in a parade, excellent trading position, commercial & office area, SURREY WOKING

Turnover £ 7,500
Price £65,000

Features

Authentic and Traditional Chinese Restaurant

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,260 ft² with Air conditioning. Commercial laminate flooring, suspended ceiling with feature pendant lighting. Tables and Chairs for 50 persons. BAR. cash register, under-counter fridges, single sink.

Ladies' cloakroom with toilet and sink.
Gentlemen's cloakroom with toilet and sink.

KITCHEN. Tiled floor, tube lighting. Stainless steel extractor fan, chinese cooker with 9 burners, rice cooker, microwave, 4 fridges, 4 freezers, stainless steel preparation tables.

Walk-in chiller

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a gross profit of 65% approx. (65% of sales are from online platforms)

Staff

The business is at present operated by a husband & wife team with 3 full time staff employed plus the assistance of 4 part time staff. We are informed the wage bill averages £3,500 p.w. approx.

Trading Hours

7 Day week
MONDAY - FRIDAY - 12 noon - 2 p.m & 5 p.m - 10 p.m
SATURDAY & SUNDAY - 12 noon - 10.30 p.m

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 2021 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a.

Business Rates from April 2023 £3,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote