| (REF: R8716) Spacious Old Established Licensed Restaurant |
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| Seller Reference: |
R8716 |
| B4S Reference: |
21330 |
| Asking Price: |
£149,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£338,000 |
| Number of Staff: |
4 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Hertfordshire, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : Established by the present owners approx. 22 years ago as Chinese cuisine, this cuisine could obviously be continued, and in our opinion in view of the excellent trading position, there is potential for other types of cuisine if desired.
SPACIOUS RESTAURANT, recently refurbished, with stone tiled floor, ceiling lighting plus wall lighting. Tables and chairs providing seating for 60/70 persons. Long bar with marble top, 2 single door counter fridges, sink, glasswasher, computer system, mirror-backed shelving.
Fully tiled ladies cloakroom with w.c. and wash hand basin
Fully tiled gentlemens cloakroom with urinal, w.c. and wash hand basin
Level kitchen with quarry tiled floor. The equipment includes 5-burner Chinese cooker, double basket deep fryer, 6-burner gas cooker (not utilised at present), stainless steel tables, double sink and drainer, wash hand basin, walk-in coldroom, 1 domestic microwave oven.
Large storeroom
Staff w.c.
Laundry room with washing machine and tumble dryer
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £11,000 p.a. approx. + water rates (metered)
OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED LICENSED RESTAURANT IN THIS EXCELLENT TRADING POSITION AND WITH THE ADVANTAGE OF BEING CLOSE TO STANSTED AIRPORT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £800,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation with FULL GAS FIRED CENTRAL HEATING, fully DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
4 Double Bedrooms
2 Shower Rooms each with shower, w.c. and wash hand basin
Separate cloakroom with w.c. and wash hand basin
Large Lounge
Kitchen/Dining Room
Small yard |
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Location: |
Excellent main road trading position, close to town centre, HERTFORDSHIRE |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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12 noon - 2.30 p.m. & 5.30 p.m. - 11.30 p.m. seven days per week |
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The business is at present operated by the vendors wife with the assistance in the Restaurant of 3 full time waiting staff plus 2 part time additional waiting staff at weekends. Kitchen area - 3 chefs plus 2 part time additional kitchen staff at weekends. |
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