Korean Restaurant and Takeaway in Essex For Sale

Detached property, excellent main road trading position, clsoe to supermarket, Very near Station and several bus stops, residential, office and commercial area, Essex.

Turnover £ 3,500
Price £29,500

Features

Korean Restaurant & Takeway

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, tiled floor, spot lights & hanging lights, sales counter, cool display with refrigerated storage section, EPOS till, Illuminated menu board, Tables and chairs providing seating for 8 People, CCTV system (2 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, griddle, induction cooker, deep fryer (2 pan), deep fryer, 3 fridge, 1 freezer, double sink and drainer, etc.

Staff Toilet with w.c. and wash hand basin.

Small Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (50% VIA PORTALS)

Staff

The business is at present operated by 3 full time staff members.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £20,400 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE JANUARY 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £29,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 14,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote