Licensed Chinese Restaurant in West Sussex For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, WEST SUSSEX

Turnover £ 7,000
Price £70,000

Features

Licensed Chinese Restaurant

5 STAR HYGIENE RATING

FOUR FRONTED PREMISES in the region of 2,080 ft² with heavy duty carpet floor, ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 70 persons. BAR, new EPOS till, 3 drinks fridges, ice maker, freezer, glass washer. CCTV system (4 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, 6-burner Chinese cooker, deep fryer, steamer, cooker, order printer, 2 deep freeze, 2 under-counter fridges
2 walk-in coldrooms.

Ladies' & gentlemen's toilet with w.c. and wash hand basin
Disabled toilet with w.c. and wash hand basin

Staff Toilet with w.c. and wash hand basin

Office / Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000/£10,000 p.w. with a gross profit of 65% approx. (40% DELIVERIES)

Staff

The business is at present operated by the vendor with 5 full time & 2 part time staff as required plus 2 drivers.

Trading Hours

7 Day week
MONDAY - SATURDAY 12 noon - 2.30 p.m & 5.30 p.m - 10.30 p.m
SUNDAY 12 noon - 2.30 p.m & 5.30 p.m - 10 p.m

Outside

Parking space for 1 car.

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 2012 with reviews every 5 years (next review 2027) at a current rent of £36,400 p.a. plus VAT

Business Rates from April 2023 £6,600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote