Licensed Chinese Restaurant in Kent For Sale

Densely populated residential area, KENT.

Turnover £ 8,500
Price £88,000

Features

Licensed Chinese Restaurant and Takeaway - R5986

DROUND FLOOR PREMISES in the region of 753 ft²

FIRST PREMISES in the region of 81 ft²
4 STAR HYGIENE RATING
No parking restrictions.
Paved forecourt with with potential for outside seating.

Attractive Double Fronted Restaurant premises, in the region of 750 ft², with wooden floor,plasterboard ceiling with LED lighting.

Tables and chairs seating 45 persons.
Bar with undercounter fridges, cash drawer, wash hand basin.

Ladies' & gentlemen's cloakrooms

Level kitchen with tiled floor, stainless steel extractor, 5 burner hob, rice cooker, deep fat fryer, microwave, bain marie, heated cabinet, double sink and drainer, 1 fridge, 3 freezers, 2 stainless steel tables, etc.

Rear stockroom.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed. with the assistance of 3 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY 5 pm - 10pm
FRIDAY & SATURDAY 4.30 pm - 11 pm

Accommodation

The accommodation situated on the first floor with separate access and via the business comprises:

3 bedrooms (1 large double bedroom, 1 standard double, 1 single bedroom.)
Bathroom with bath, w.c. and wash hand basin
Kitchen / diner.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2024 with reviews every 3 years (next review 2027) at a current rent of £21,000 p.a.

Business Rates from April 2026 TBC (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £88,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote