Imposing Chinese Restaurant in Great Yarmouth For Sale

Situated in a Parade, excellent trading position, residential and commercial area, Norfolk. GREAT YARMOUTH

Turnover £ 9,000
Price £49,999

Features

Imposing Licensed Chinese Restaurant and Takeaway

6 DAYS OPENING

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 400 ft² - wood effect flooring, CCTV 8 cameras, suspended ceiling witrh sym,pathetic lighting.

Tables and chairs seating 32 people.

Bar - cash register, undercounter fridges, wash hand basin.

Self contained kitchen - 2 stainless steel extractors, 7 burner chinese hob, 2 rice cookers, 2 deep fat fryers, microwave, 2 fridges, 3 freezers, double sink and drainer, prearation sink, stainless steel preparation table.

Gentlemans cloakroom with toilet and wash hand basin
Ladies cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. in the Winter, during the Summer sales are £11,000 pw. With a Gross profit of 70% approx.

Staff

The business is at present operated by the staff with 2 full time staff employed and the assistance of 2 drivers.
We are informed the wage bill averages £1,600 p.w. approx.

Trading Hours

6 Day week
MONDAY - FRIDAY 2pm - 10 pm
CLOSED MONDAY

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above

3 bedrooms (2 doubles, 1 single)
Fitted Kitchen / Diner.
Living Room
Bathroom with Bath, sink and toilet

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £19,200 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,999 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote