Licensed Chinese Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, close to College, SE LONDON

Turnover £ 7,000
Price £99,000

Features

Licensed Chinese & oriental Restaurant

6 DAYS OPENING

5 STAR HYGIENE RATING

Outside seating for 4 persons

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 440 ft². CCTV. Air conditioning. tiled floor, spotlights. Tables and chairs seating 30 persons.

Reception area. Cash register, bubble tea urn.

KITCHEN. Stainless steel extractor. 7 burner gas hob, deep fat fryer, rice cooker, microwave, 2 fridges, double sink and drainer, stainless steel preparation table.

Basement used for storage, 4 freezers.

Cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx.

Staff

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

Trading Hours

6 Day week
Wednesday - Monday 11.30 a.m. - 10 p.m
CLOSED TUESDAY

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop comprising:

First floor -
2 bedrooms (1 double, 1 single)
Shower room with sink and toilet
Bathroom with bath (shower over) sink and toilet
Kitchen
Box room

Second floor
3 bedrooms (2 doubles, 1 single)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 13 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £30,000 p.a.

Business Rates from April 2023 £2,300 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE GOODWILL, FIXTURES & FITTINGS £99,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 49,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote