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Reference R1127

Licensed Chinese Restaurant in Kent For Sale

Licensed Chinese Restaurant in Kent For Sale
Licensed Chinese Restaurant in Kent For Sale Buy a Licensed Chinese Restaurant in Kent For Sale Sell a Licensed Chinese Restaurant in Kent For Sale Licensed Chinese Restaurant in Kent For Sale for Sale Licensed Chinese Restaurant in Kent For Sale for Sale Licensed Chinese Restaurant in Kent For Sale for Sale Licensed Chinese Restaurant in Kent For Sale for Sale Licensed Chinese Restaurant in Kent For Sale for Sale Licensed Chinese Restaurant in Kent For Sale for Sale

Register to see map and to make an appointment Situated in a parade, commanding corner position, busy road, residential and commercial area, KENT

Turnover 11,000
Price 130,000

Features

Licensed Chinese Restaurant

DOUBLE FRONTED PREMISES with awyning in the region of 900 sq ft. Air conditioning. Carpet flooring, suspended ceiling and spotlighting. Tables and chairs seating 80 customers. Bar for takeaway customers

Clokroom area for customers.

Rear Bar. Under-counter fridges, hand wash basin, wine and beer store.

Ladies' and Gentlemen's toilets

SEPARATE KITCHEN 250 sq ft. Tiled floor, tube lighting. Stainless steel extractor, 5-burner Chinese cooker, microwave, 3 fridges, stainless steel preparation tables, double sink with drainer

Walk-in freezer, walk-in cold oom

Turnover

WE ARE INFORMED by the owner the turnover currently averages 11,000 p.w. (20% takeaway. No deliveries undertaken)

Staff

The business is at present operated by a husband & wife team with 3 full time staff plus 4 part time staff. We are informed the wage bill averages 1,200 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 12 noon - 2 p.m & 5.30 p.m - 11 p.m
SUNDAY 1 p.m - 10 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above, conprises:

4 bedrooms (3 doubles and 1 single)
Shower room with toilet and sink.

Outside

Rear yard

Parking for 1 car

Storeroom 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 20 years in 2010 with reviews every 5 years (next review 2025) at a current rent of 28,000 p.a.

Business Rates from April 2022 10,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2007 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 130,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 65,000 (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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