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(REF: R2288)  Licensed Chinese Restaurant
 
Seller Reference: R2288
B4S Reference: 27021
Asking Price: £75,000
Net Profit: Undisclosed
Sales Revenue: £182,000
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold
Location: North London, London, United Kingdom
  Business Summary   
  Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED RESTAURANT with tiled floor. Tables and chairs providing seating for 72 persons (can be increased to accommodate approx. 90 persons). Bar with sink, optics.

LEVEL KITCHEN with non-slip floor. The equipment includes 7-burner Chinese cooker, 1 microwave oven, stainless steel tables, 2 stainless steel fridges, 2 additional fridges, walk-in coldroom, chester deep freeze, double sink and drainer, dishwasher etc.

Fully tiled ladies cloakroom with w.c. and wash hand basin
Fully tiled gentlemens cloakroom with 2 w.cs, wash hand basin

WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

We understand the premises are held on a secure renewable lease, the present lease having approximately 20 years unexpired at a current rental of £17,500 p.a. exclusive of rates with rent revisions.

Uniform Business Rates: £3,250 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
  Property Information   
  Property: Leasehold
 
  Living Accommodation: Yes
 
  Details of Accommodation: Small yard at rear (for bins)
 
  Location: Situated in a parade, busy road, close to tube station, LONDON, N
  Other Details   
  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No
  Summary of Business Hours   
  Monday - Saturday inclusive - 6 p.m. - 11.30 p.m.
Sunday opening - 1 p.m. - 11.30 p.m.
  Summary of Staffing   
  The business is at present operated by the owners with 3 chefs plus 2 additional staff in the restaurant area.





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