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Reference R5138

Chinese Restaurant and Takeaway in Dunmow For Sale


Register to see map and to make an appointment Sought after residential village, ESSEX DUNMOW

Turnover 9,000
Price 100,000 / 638,000

Features

Most Attractive Detached Olde Worlde Licensed Restaurant

This spacious olde worlde property we understand was built in 1596 contains a wealth of oak beams & is a Grade II listed building. The Restaurant, established as Chinese cuisine by the present owners in 1992 in fact trading as a Restaurant we understand since the 1960's, however, a different cuisine.

FREE PUBLIC CAR PARK NEARBY

FULL OIL FIRED CENTRAL HEATING

Entrance to ATTRACTIVE LOUNGE BAR with a wealth of oak beams, fully carpeted. Sofas, armchairs plus chairs providing seating for 24 persons. BAR with a hand pump, 3 single door counter fridges, sink, wash hand basin.

ADJOINING SPACIOUS RESTAURANT with a wealth of oak beams, wall lighting, 2 sections fully carpeted plus additional section with quality solid oak floor, wood panelling. Total seating for 80 persons. It will be appreciated upon inspection that the rear section can be utilized for small functions, if desired.

Gentlemen's cloakroom with w.c. urinal, wash hand basin

LARGE COMMERCIAL KITCHEN with quarry tiled floor. 8-burner Chinese cooker, 6-burner gas cooker with double oven, Falcon double deep fryer, 1 microwave oven, stainless steel tables, walk-in deep freeze, walk-in coldroom, chest deep freezer, 2 upright depp freezers, double sink & drainer.

Laundry room with washing machine & tumble dryer

First floor ladies' cloakroom with w.c. plus spacious adjoining room with wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,000/9,000 inclusive of VAT, including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

The restaurant is at present operated by the vendor (4 evenings per week) with the assistance in the kitchen area of 4 full time chefs. Restaurant area 2 full time waiters plus 1 part time waiter.
In our opinion the business offers terrific potential to be operated as a family run concern.

Trading Hours

12 noon - 2 p.m. & 6 p.m. - 10 p.m. seven days per week

Accommodation

The SPACIOUS living accommodation with FULL OIL FIRED CENTRAL HEATING & WEALTH OF OAK BEAMS, comprises:

First Floor (front section)
Kitchen plus adjoining room (could be living room)
1 Double Bedroom
Shower room with shower, w.c. & wash hand basin

Stairs to Second Floor comprising:
2 additional double bedrooms plus adjoining living room area

First floor rear section 1 additional double bedroom
Cloakroom with w.c. & wash hand basin
Large double bedroom with wash hand basin plus additional double bedroom

Rear first floor accommodation, ideal for owner/managers accommodation, comprises:

Large Lounge
Double Bedroom with fitted wardrobes

Stairs to second floor providing dressing room area
Bathroom with bath, w.c. bidet, wash hand basin

Outside

Parking space for 1 car

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of 40,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 6,500 p.a. approx.

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS SINCE 1992 AND THERE ARE GENUINE REASONS FOR SALE.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS AND MOST ATTRACTIVE OLDE WORLDE LICENSED RESTAURANT IN THIS SOUGHT AFTER ESSEX LOCALITY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Price

OFFERS TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS in the region of 100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 638,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 50,000 (lease) 446,600 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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