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Chinese Restaurant in Surrey For Sale

Chinese Restaurant in Surrey For Sale
Chinese Restaurant in Surrey For Sale Buy a Chinese Restaurant in Surrey For Sale Sell a Chinese Restaurant in Surrey For Sale Chinese Restaurant in Surrey For Sale for Sale Chinese Restaurant in Surrey For Sale for Sale Chinese Restaurant in Surrey For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential area, SURREY

Turnover 12,000
Price 165,000

Features

Spacious well Fitted Licensed Chinese Restaurant with Full & off Licence

We understand established as Chinese cuisine for approximately 10 years. This cuisine could obviously be continued & in our opinion there is potential for other types of cuisine including Thai food if desired.

IMPRESSIVE & SPACIOUS RESTAURANT fully carpeted, attractive ceiling lighting. 6 air conditioning/heating units. Tables & chairs providing seating for 120 persons. ATTRACTIVE BAR with 1 hand pump, 1 double door glass fronted counter fridge, 1 Espresso coffee machine, 1 filter coffee machine, sink.

Disabled cloakroom with w.c. & wash hand basin
Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 2 urinals, w.c. & wash hand basin

In addition there is a further ladies' cloakroom with w.c. & wash hand basin & an additional gentlemen's cloakroom with urinal, w.c & wash hand basin

LARGE LEVEL KITCHEN with tiled floor, stainless steel cladding to walls, stainless steel extractor, 8-burner Chinese cooker, charcoal grill, 1 steamer, 2 deep fryers, 2 walk-in coldrooms, double sink & drainer, wash hand basin, stainless steel tables

PREPARATION AREA with glass fronted fridge, double sink, 2-door stainless steel counter fridge, ice machine, 2 plate warmers etc.

Turnover

WE ARE INFORMED the turnover averages 12,000 p.w. inclusive of VAT, the turnover includes some takeaway & deliveries. We are further advised that the sales year ending 28th February, 2019 showed 513,071 with a gross profit of 341,451.

Staff

The restaurant is at present operated by the vendor with the assistance of his brother-in-law on a part time basis. Staff employed 5 full time chefs. Restaurant area 3 full time waiters, 1 full time waitress plus 1 part time waiter, in addition 2 drivers are employed for deliveries.

Trading Hours

CLOSED ALL DAY MONDAY
Tuesday - Saturday inclusive - 12 noon - 2.30 p.m. & 6 p.m. - 11 p.m.
Sunday opening - 12 noon - 10 p.m.

Accommodation

The accommodation included in the lease is at present mainly used by staff, however there is potential for the flats to be sub-let on shorthold tenancies if desired.

Flat No. 1 comprises:
4 Bedrooms (1 double, 3 singles)
Shower room with shower, w.c. & wash hand basin

Flat No. 2 comprises:
5 Bedrooms (2 doubles, 3 singles)
Bathroom with bath, w.c. & wash hand basin

Flat No. 3 comprises:
3 Bedrooms (2 doubles, 1 single)
1 Shower room with shower, w.c. & wash hand basin

Outside

Yard at rear

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having 16 years unexpired from June, 2019 at a current rental of 75,000 p.a. exclusive of rates. We understand the rent reviews are every 4 years.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 82,500 (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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