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Reference R8224

Chinese Restaurant & Takeaway in Betchworth For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, SURREY BETCHWORTH

Turnover 7,500
Price 40,000

Features

Attractive Licensed Restaurant

Public Car Park close by providing free parking after 6 p.m. & Sundays

Outstanding opportunity to acquire a spacious Licensed Restaurant at present Chinese cuisine, which could obviously be continued, and in view of the excellent trading position, in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT with tiled floor. Ceiling lighting. Tables and chairs providing seating for 60 persons (can be increased to 70 if desired).

Level kitchen with industrial non-slip floor. 7-burner Chinese cooker, 6-burner gas cooker, 2 gas deep fryers, stainless steel tables, 3 fridges, 5 deep freezes, single sink and drainer etc.

Ladies' and gentlemen's cloakrooms

Basement used for storage purposes

Turnover

WE ARE INFORMED the turnover averages 7,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 70% approx.

Staff

The business is at present staff operated. Staff employed 4 full time chefs plus 2 full time waiters and 2 full time waitresses. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Trading Hours

Lunches - Monday - Saturday inclusive - 12 noon - 2.30 p.m.
Evenings - 6 p.m. - 11 p.m.
Sunday opening - 12 noon - 10 p.m.

Tenure

We understand the premises are held on a secure renewable lease having approximately 8 months unexpired at a rental of 18,000 p.a. exclusive of rates until September 2013, with rent review at that time and thereafter every 5 years. We understand from the present tenant, subject to satisfactory references, the landlord is prepared to grant a new 20 years lease at a rental of 18,000 p.a. exclusive of rates with rent reviews every 5 years.

Uniform Business Rates: 7,000 p.a. approx. + water rates (metered)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (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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