Chinese Restaurant & Cafe in East Sussex For Sale

Situated in a Parade, excellent main road trading position, office and commercial area, EAST SUSSEX.

Turnover £ 6,000
Price £69,000

Features

Modern Chinese Café / Restaurant

OUTSIDE SEATING FOR 8 people

4 STAR HYGIENE RATING

TOTAL AREA (4 floors) PREMISES in the region of 3,000 ft²

DOUBLE FRONTED PREMISES, in the region of 950 ft² - CCTV (3 cameras), Laminate flooring, suspended ceiling with spotlights.

Tables and Chairs seating 20 people.

Sales counter, EPOS cash register. Coffee machine (bean to cup), double door drinks fridge, under counter fridges, wash hand basin.

OPEN PLAN KITCHEN - Stainless steel extractor, double basket deep fat fryer, 2 induction cookers, noodle fryer, 2 rice cookers, 2 crepe makers, bain marie (2 pot) double sink and drainer, 2 large stainless steel fridges, etc

REAR POREPARATION KITCHEN, Stainless steel extractor, 2 induction cookers, single basket deep fat fryer, bain marie (3 pot), air fryer, automaticve rice fryer, meat slicer, 2 stainless steel fridges, display freezer

Walkin fridge

Walkin freezer

Stairs to first floor, in the region of 800 ft² .

Tables and chairs seating 30 people.

Customer cloakroom with toilet and wash hand basin.

Stairs to second floor, in the region of 500 ft², used by the staff.

3 rooms.

Staff cloakroom with toilet, wash hand basin, shower.


Baasement, in the region of 840 ft², used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx.

Tremendous scope to increase with longer opening hours and the introducton if the sale of licensed beverages (subject to planning permission.)

Staff

The business is at present operated by the Manager with 2 full time and 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 8 pm

Outside

Yard.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £53,333 p.a.

Business Rates from April 2024 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR MOVING AWAY.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote