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Reference R6339

Chinese Restaurant in Croydon For Sale

Chinese Restaurant in Croydon For Sale
Buy a Chinese Restaurant in Croydon For Sale Sell a Chinese Restaurant in Croydon For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, SURREY CROYDON

Turnover £ 6,000
Price £60,000

Features

Spacious Licensed Restaurant

We understand established since 1984 as Chinese Cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SINGLE FRONTED RESTAURANT fully carpeted. 2 air conditioning/heating units. Tables & chairs providing seating for 40 persons. BAR with optics, single door glass fronted counter fridge.

Staircase to basement providing LARGE ADDITIONAL RESTAURANT AREA with tables & chairs for 45 persons.

LEVEL KITCHEN ON GROUND FLOOR with dumb waiter to basement area, tiled floor, large stainless steel extractor, stainless steel cladding to cooking area, additonal area with tiled walls, gas oven (not used at present), 6-burner gas cooker with oven, 7-burner gas cooker, double sink & drainer, 3-door stainless steel counter fridge, upright stainless steel fridge, upright deep freezer, rice cooker, stainless steel table etc.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with w.c. urinal, wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages £6,000 p.w. We understand the turnover is from the ground floor restaurant & in our opinion there is terrific potential for development with the basement additional seating area being utilized.

Staff

At present operated by a husband & wife team with the assistance of 4 full time & 3 part time staff.

Trading Hours

Monday - Thursday inclusive - 5 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 12 midnight
It will be appreciated upon inspection that there is potential for additional opening hours.

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease the present lease having 20 years unexpired from 2008 at a current rental of £27,500 p.a. exclusive of rates up to August, 2020 with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £7,000 p.a. approx.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 20 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 £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (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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