Old Established Chinese Takeaway in County Durham For Sale

Situated in a Parade, excellent Town Centre trading position, residential, office and commercial area, Durham.

Turnover £ 6,000
Price £49,500

Features

Old Established Chinese Take Away & Delivery

6 DAYS OPENING
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 435 ft² with carpeted (heavy duty) floor, ceiling with spot lights, sales counter, EPOS till.

Kitchen with stainless steel extractor unit, Chinese Cooker (6-burner), 7x freezer, 2 x fridge, microwave, double sink and drainer.

Staff Toilet with w.c. and wash hand basin..
Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx. (75% Derlivery

Staff

The business is at present operated by the vendor with 3 full time 1 part time staff + 3 delivery drivers.

Trading Hours

6 Day week
THURSDAY - TUESDAY 3pm - 11pm
CLOSED WEDNESDAY

Outside

Rear yard with storage shed

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 2016 with reviews every 5 years (next review 2026) at a current rent of £15,600 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote