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Reference R8923

Licensed Oriental Restaurant & Takeaway in Suffolk For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, town centre, SUFFOLK

Turnover 3,000
Price 45,000

Features

Licensed oriental Restaurant

DOUBLE FRONTED RESTAURANT with woodstrip floor, ceiling & wall lighting. Tables & chairs providing seating for 46 persons. BAR with sink.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with non-slip floor. The equipment includes 5-burner Chinese cooker, 4-burner gas cooker with oven, fridge, deep freezer.

WASH-UP AREA with dishwasher, double sink & drainer

Ground floor storeroom

Basement - ideal for storage facilities

Turnover

WE ARE INFORMED the turnover averages 3,000 p.w. including takeaway.

Staff

The business is at present operated by the vendor with the assistance of staff.

Trading Hours

Wednesday, Thursday, Friday & Saturday - 5 p.m. - 9.30 p.m.
Sunday opening - 12 noon - 2.30 p.m.
CLOSED MONDAY & TUESDAY

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of 12,000 p.a. exclusive of rates up to April, 2020 increasing at that time to 13,000 p.a. exclusive of rates for the next 3 years with a further increase at that time to 15,000 p.a. exclusive of rates for the remainder of the term.

Uniform Business Rates: Nil payable after small business relief

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 22,500 (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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