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Reference R7086

Chinese Restaurant in Hertfordshire For Sale

Register to see map and to make an appointment Excellent trading position, town centre, WATFORD, HERTFORDSHIRE

Turnover 8,000
Price 120,000

Features

Spacious Licensed Restaurant

The restaurant has been in the same hands for the past 13 years & is Chinese cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT with Amtico style floor, wall & ceiling lighting. Tables & chairs providing seating for 60 persons.

REAR KITCHEN with tiled floor & tiled walls, 7-burner Chinese cooker, microwave oven, walk-in deep freezer, 1 double door stainless steel fridge, 1 single door stainless steel fridge, double sink & drainer etc.

First floor ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

At present operated by a husband & wife team with the assistance of 2 chefs plus 1 part time kitchen help. Restaurant area 1 waiter plus 1 part time waiter.

Trading Hours

12 noon - 2 p.m. & 6 p.m. - 11 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, wash hand basin
Lounge

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 2 years unexpired at a rental of 35,000 p.a. exclusive of rates. (We understand the landlord, subject to satisfactory references, is prepared to grant a new longer lease at terms and rent to be agreed).

Uniform Business Rates: 10,000 p.a. approx.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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