Chinese Restaurant in Waterlooville For Sale

Situated in a parade, excellent trading position, HAMPSHIRE WATERLOOVILLE

Turnover £ 7,000
Price £120,000

Features

Spacious Licensed Restaurant

Established approximately 20 years ago as Chinese cuisine, which could obivously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS SINGLE FRONTED RESTAURANT carpeted, wall & ceiling lighting. Tables & chairs providing seating for 50 persons. BAR, 3-door glass fronted counter fridge etc.

LEVEL KITCHEN with non-slip floor, plastic cladding to walls, stainless steel extractor plus stainless steel cladding to walls (cooking area), 7-burner Chinese cooker, 2 double door stainless steel fridges, 2 chest deep freezers etc.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £6,000/£8,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

At present operated by a lady vendor with the assistance of 2 chefs plus 2 kitchen staff. Restaurant area 2 waitresses.

Trading Hours

Monday - Thursday inclusive - 5 p.m. - 11 p.m.
Friday & Saturay - 12 noon - 2.30 p.m. & 5 p.m. - 11 p.m.
Sunday opening - 12.30 p.m. - 9 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 16 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 thereafter every 5 years.

Uniform Business Rates: £8,000 p.a. approx.

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