Chinese Noodle Bar in Bournemouth For Sale

Situated in a parade, main road trading position, residential and commercial area, DORSET BOURNEMOUTH

Turnover £ 9,000
Price £280,000

Features

Chinese Noodle Bar, Restaurant & Takeaway

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES with two pairs of double doors . Tiled floor, spotlights and down lights. Tables and chairs seating 30 persons. Counter, cash register.

Ladies' cloakroom with toilet and sink

Gentlemen's cloakroom with toilet and sink

OPEN PLAN KITCHEN. Stainless steel extractor, 5-burner Chinese cooker, double basket deep fat fryer, rice cooker, double door fridge, 2 under-counter fridges, 2 freezers, 5 stainless steel under-counter fridges, topping section, double sink and drainer, stainless steel preparation table

Basement - used for storage

Walk-in fridge, walk-in freezer. 3 further freezers

Office

Staff toilet

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000/10,000 p.w. with a gross profit of 60% approx.

Staff

The business is at present operated by a manager with 4 full time plus the assistance of 4 part time staff and 4 drivers. We are informed the wage bill averages £3,250 p.w. approx.

Trading Hours

7 Day week
THURSDAY - SATURDAY 11 a.m - 4 a.m
SUNDAY - WEDNESDAY 11 a.m - 2 a.m
We understand the premises has a late licence

late licence

Outside

Parking to the rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 25 years in 2005 with reviews every 5 years (next review 2025) at a current rent of £23,400 p.a.

Business Rates from April 2022 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £280,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 140,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote