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Reference R6965

Vietnamese Restaurant in Essex For Sale

Vietnamese Restaurant in Essex For Sale
Vietnamese Restaurant in Essex For Sale Buy a Vietnamese Restaurant in Essex For Sale

Register to see map and to make an appointment Sought after position, large office area, close to the High Street, ESSEX

Turnover 4,000
Price 79,500

Features

Attractive well Fitted Licensed Restaurant

Established by the present owner 2 years ago as Vietnamese cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE RESTAURANT with laminated strip floor, ceiling lighting. Air conditioning/heating units. Tables & chairs providing seating for 50 persons. BAR.

Disabled cloakroom with w.c. & wash hand basin
In addition ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor, tiled walls, stainless steel cladding to walls (cooking area), stainless steel extractor system, 7-burner Chinese cooker, dishwasher, 3 fridges, 3 deep freezers etc.

Turnover

WE ARE INFORMED the turnover averages 4,000 p.w. including takeaway & some deliveries, in our opinion offering further potential to increase in the right hands.

Staff

At present mainly staff operated. 6 full time plus 1 part time staff employed.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m.
Sunday opening - 5 p.m. - 9.30 p.m.

Outside

Car parking space at rear for 2 cars

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of 18,000 p.a. plus VAT exclusive of rates for the next 1 year with rent review at that time and a further rent review after the following 5 years.

Uniform Business Rates: 9,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 39,750 (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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