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(REF: R3199)  Spacious Restaurant
 
Seller Reference: R3199
B4S Reference: 32518
Asking Price: £79,500
Net Profit: Undisclosed
Sales Revenue: £260,000
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold
Location: Surrey, South East England, United Kingdom
  Business Summary   
  Nationwide are pleased to offer to the market : Trading as Chinese cuisine since April, 2011 previously well established as Italian cuisine. Obviously the present Chinese cuisine could be continued and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

Full On & Off Licence for the sale of wines, beers and spirits

Space for 2 tables and 4 chairs in front of restaurant

IMPRESSIVE & SPACIOUS RESTAURANT (can be open front - weather permitting). Air conditioning. 5 ceiling fans. Ceramic tiled floor. Tables and chairs providing seating for 100 persons. Bar with 2 hand pumps, 2 3-door glass fronted counter fridges, 2 double door counter fridges, coffee machine, coffee grinder, electronic cash register, glasswasher, ice maker plus sink.

Ladies cloakroom with w.c. and wash hand basin
Gentlemens cloakroom with w.c. and wash hand basin

LARGE LEVEL KITCHEN with tiled floor. The equipment includes 7-burner Chinese cooker, 2 4-burner gas cookers, 1 double deep fryer, stainless steel tables, double sink and drainer, dishwasher (not utilized at present), 1 upright deep freeze, 3 chest deep freezes, walk-in cold room etc.

WE ARE INFORMED the turnover averages £5,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase in the right hands.

We understand the premises are held on a secure renewable full repairing and insuring lease for a period of 20 years from April, 2011 at a rental of £26,500 p.a. exclusive of rates up to April, 2015, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £11,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
  Property Information   
  Property: Leasehold
 
  Living Accommodation: Yes
 
  Details of Accommodation: Yard at rear with new store shed
 
  Location: Situated in a parade, excellent main road trading position, SURREY/MIDDLESEX BORDERS
  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 - 12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m.
Sunday opening - 11 a.m. - 10 p.m.
  Summary of Staffing   
  The business is at present operated by the vendors brother who is the manager, together with her husbands assistance on a part time basis plus 2 full time and 1 part time chef, 2 full time waiters plus 1 full time driver.





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