Well Fitted Chinese Restaurant in East London For Sale

Situated in a Parade, excellent trading position, residential and commercial area, NEXT TO UNDERGROUND STATION, EAST LONDON.

Turnover £ 22,000
Price £375,000

Features

Well Fitted Chinese Restaurant and Takeaway

5 STAR HYGIENE RATING
Total Tables and chairs providing seating for 100 People

SINGLE FRONTED RESTAURANT PREMISES in the region of 2,735 ft² WITH ELECTRIC SHUTTERS, tiled floor, spot lights and hanging lights, cool display counter with refrigerated storage section, 2 EPOS tills, 6 LED Menu Boards, CCTV system (16 cameras, 1 monitor).

Open plan kitchen area, somke less stainless steel extractor unit, Chinese Cooker (6-burner), preparation table, bain marie, table side fridges, deep fryer (2 pan)..

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

Basement in the region of 700 ft², with Tables and chairs providing seating for 50 People.

First floor in the region of 930 ft²

Fully equipped production kitchen, stainless steel extractor unit, Chinese Cooker (2-burner), fridges, freezers

Dry Storage Room

Office / Lounge.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £22,000 p.w. with a Gross profit of 65% approx. (35% via portals)

Staff

The business is at present operated by 6 full time & 5 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2020 with reviews every 5 years (next review 2030) at a current rent of £42,000 p.a.

Business Rates from April 2026 £6,600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 187,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote