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Reference R8359

Chinese Buffett Restaurant in North London For Sale

Chinese Buffett Restaurant in North London For Sale
Chinese Buffett Restaurant in North London For Sale Buy a Chinese Buffett Restaurant in North London For Sale Sell a Chinese Buffett Restaurant in North London For Sale Chinese Buffett Restaurant in North London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, N LONDON / MIDDLESEX Borders

Turnover 10,000
Price 149,500

Features

Spacious oriental Buffet Restaurant

IMPRESSIVE & SPACIOUS RESTAURANT with laminated strip floor. Air conditioning. Tables & chairs providing seating for 80 persons. Service counter. Large buffet unit, upright glass fronted drinks fridge, 3 small glass fronted counter fridges.

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

SPACIOUS LEVEL KITCHEN. The equipment includes 9-burner Chinese cooker, 2 electric rice cookers, 3 chest deep freezers, 1 coldroom etc.

Turnover

WE UNDERSTAND the turnover is currently in the region of 10,000 p.w. in respect of buffets plus takeaways. In our opinion there is potential to introduce deliveries, if desired. In our opinion there is also potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence.

Staff

The restaurant is at present operated by a husband & wife team with the assistance of 4 full time staff plus additional staff when required.

Trading Hours

12 noon - 11 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease the present lease expiring in December, 2019 at a current rental of 35,000 p.a. exclusive of rates. We understand the lease is renewable within the terms of the 1954 Landlord & Tennant Act. We understand the landlords will consider a surrender of the existing lease and the granting of a new lease with terms to be agreed.

Uniform Business Rates: 18,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 149,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 74,750 (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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