Search more Chinese Restaurants for sale in Ascot
Reference R8381

Chinese Restaurant in Ascot For Sale


Register to see map and to make an appointment Situated in a parade, sought after & wealthy SURREY LOCALITY Berkshire ASCOT

Turnover 7,000
Price 170,000

Features

Spacious Licensed Restaurant

The business is well established as Chinese cuisine & has been in the same hands for the past 28 years. Obvously the business can continue as Chinese cuisine & in our opinion there is potential for other types of cuisine, if desired.

AMPLE CUSTOMERS' CAR PARKING IN FRONT OF PARADE (Restricted to 2 hours daytime)

MODERN SHOP to SPACIOUS RESTAURANT fully carpeted. Air conditioning. Tables & chairs providing seating for 60/70 persons. ATTRACTIVE BAR, 3 sliding door glass fronted counter fridge, electric cash register, 3 sinks.

SERVERY AREA with tiled floor, plate warmer, fridge/freezer, water boiler, ice machine.

LEVEL KITCHEN with quarry tiled floor, tiled walls, stainless steel cladding to walls (cooking area), stainless steel extractor, 10-burner Chinese cooker, 4-burner gas cooker with oven, steamer, walk-in deep freezer, walk-in chiller, plate warmer, 2-door counter fridge, 2 double sinks, wash hand basin etc.

Ladies' & gentlemen's cloakrooms

First floor office
Wine store plus 1 large room (potential for additional accommodation, if desired).

Turnover

WE ARE INFORMED the turnover averages 7,000 p.w. (including some takeaway), in our opinion offering tremendous potential for further development in the right hands.

Staff

The business is at present operated by the vendor (who is a chef) with the assistance of his wife plus 2 chefs & 2 waitresses.

Trading Hours

Monday - Friday inclusive - 12 noon - 2 p.m. & 6 p.m. - 10 p.m.
Saturday - evenings only - 6 p.m. - 10.30 p.m.
Sunday - 1 p.m. - 10.30 p.m.

Accommodation

The SELF CONTAINED accommodation with FULL GAS FIRED CENTRAL HEATING is at present utilized by staff, comprises:

First Floor
3 Bedrooms (2 doubles, 1 single)

Second Floor
4 Additional Bedrooms (1 double, 2 singles)
Shower room with shower, w.c. & wash hand basin
In addition there is a cloakroom with w.c. & wash hand basin

Outside

Parking at rear for 6 cars

Tenure

We understand the entire premises are held on a new 15 years lease from September, 2014 at a rental of 48,240 p.a. exclusive of rates up to September, 2019 with rent review at that time and thereafter after every 5 years. We understand that there is a rent revision due, however at the present time the landlord has not requested an increase.

Uniform Business Rates: 11,211 p.a.

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 29 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 170,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 85,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Chinese Restaurants for sale in Ascot

Buy a Chinese Restaurant in Ascot For Sale on NationwideBusinesses.co.uk