Licensed Pan Asian Restaurant in Wiltshire For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, WILTSHIRE

Turnover £ 5,500
Price £100,000

Features

Pan Asian Licensed Restaurant

6 DAYS OPENING

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES (in the region of 1,050 ft²) , CCTV (8 cameras), Vinyl flooring, suspended ceiling with feature lighting.

Tables and chairs seaing 50.

Bar - Electric cash register, under counter fridges, sink.


Kitchen - Stainless steel extractor, 7 burner chinese range, double basket deep fat fryer, grill, rice cooker, microwave, hot plate, 2 single door freezers, 2 chest freezers, under counter fridge, 2 single door fridges, double sink and drainer, stainless steel preparation table, etc

Dry store

Customer cloakroom with 2 cubicles.


Stairs to first floor, in the region of 775 ft².

Tables and chairs seating 40 customers.

Bar, wine chiller.

Customer cloakroom with 1 cubicles and 2 urinals.


Stairs to second floor in the region of 355 ft².


Office.

Staff rest area.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. - £6,000 p.w. with a Gross profit of 70% approx.

Staff

The business is at present operated by the vendor with 2 full time and 5 part time staff employed.

Trading Hours

6 Day week
TUESDAY - THURSDAY 5 p.m. - 10 p.m.
FRIDAY & SATURDAY 5 p.m. - 11 p.m.
CLOSED MONDAY

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in October 2023 with reviews every 3 years (next review 2026) at a current rent of £25,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote