Search more Chinese Restaurants for sale in Essex
Reference R7906

Chinese Restaurant in Essex For Sale

Chinese Restaurant in Essex For Sale
Chinese Restaurant in Essex For Sale Buy a Chinese Restaurant in Essex For Sale Sell a Chinese Restaurant in Essex For Sale Chinese Restaurant in Essex For Sale for Sale

Register to see map and to make an appointment Situated in a parade, main road trading position & close to sea front, ESSEX

Turnover 5,000
Price 65,000

Features

Well Established Licensed Chinese Restaurant

The Restaurant has been in the same family for approximately 15 years.

Stairs to FIRST FLOOR RESTAURANT carpeted, ceiling lighting. Tables & chairs providing seating for 140 persons. BAR.

LARGE LEVEL KITCHEN with tiled floor & tiled walls, 7-burner Chinese cooker, single deep fryer, microwave oven, 4 fridges, 3 chest deep freezers, double sink & drainer etc.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 2 urinals, w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000/6,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of a relative part time plus in the kitchen area 2 chefs. Restaurant area 1 full time waitress plus 3 part time waitresses.

Trading Hours

Operated 6 days per week
Sunday, Monday & Tuesday - 12 noon - 2.30 p.m. & 5 p.m. - 11.30 p.m.
CLOSED ALL DAY WEDNESDAY
Thursday, Friday & Saturday - 12 noon - 2.30 p.m. & 5 p.m. - 11.30 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of 8,000 p.a. exclusive of rates for the next 5 years with rent to be agreed thereafter. (We understand the maximum increase can only be 10% of the existing rent).

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Chinese Restaurants for sale in Essex

Buy a Chinese Restaurant in Essex For Sale on NationwideBusinesses.co.uk