Chinese Restaurant with scope for Takeaway in Teddington For Sale

Situated in a parade just off the High Street, sought after MIDDLESEX. TEDDINGTON

Turnover £ 5,000
Price £120,000

Features

Chinese Restaurant No Takeaway or Delivery

Front area with seating for 6 persons

5 DAYS OPENING

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES. Laminate flooring, feature pendant and chandelier lighting. Tables and chairs for 20 persons. Counter, soft drinks fridge.

Unisex cloakroom with toilet, sink and mirror

KITCHEN. Lino flooring, tube lighting. Stainless steel extractor, 5-burner chinese cooker, double deep fat fryer, 2 rice cookers, commercial microwave, 6-burner hob with oven beneath, 4 pot bain marie, stainless steel food preparation counter, 3 door under-counter fridge with salard compartment, fridge/freezer, 3 chest freezers, double sink and drainer, glasswasher.

Storeroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by a husband & wife team

Trading Hours

5 Day week
TUESDAY - SATURDAY - 12 noon - 2.30 p.m. & 5.30 p.m. -10 p.m.

Outside

Garden to the 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 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £15,000 p.a.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote