Chinese Restaurant in Bournemouth For Sale

Situated in a parade, excellent main road trading position, residential and commercial area, close to University, DORSET. BOURNEMOUTH

Turnover £ 6,500
Price £80,000

Features

Chinese Noodle Bar, Restaurant & Takeaway

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES. Tiled floor, plasterboard ceiling with spotlights.
Tables and chairs seating 20 persons. Counter, electric cash register, display chiller.

OPEN PLAN KITCHEN. Stainless steel extractor, 7-burner Chinese cooker, double basket deep fat fryer, 5-burner hob, oven, rice cooker, double door fridge, single door freezer, 2 single freezers, double sink and drainer, topping fridge, stainless steel preparation table, under-counter fridge

Staff cloakroom with sink and toilet

Storeroom to rear

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a gross profit of 60% approx.

Staff

The business is at present operated by a husband & wife team with 2 full time staff plus the assistance of 2 part time staff and 2 drivers.

Trading Hours

7 Day week
MONDAY - SUNDAY 11a.m - 11 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to FLAT above, currently let on a shorthold tenancy at a rent of £1,000 per month. The accommodation comprises:

2 bedrooms, 1 single, 1 double
Kitchen
Large Lounge
Bathroom with bath, shower above, sink and toilet.

Outside

2 parking spaces to rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 25 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £15,000 p.a. (As will be appreciated with the current rent of £12,000 p.a. from the accommodation, the net rent payable at the present time is only £3,000 p.a).

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote