Licenced Restaurant in Essex For Sale

Situated in a Parade, excellent trading position, office and commercial area, Essex.

Turnover £ 9,000
Price £85,000

Features

Licensed Japanese Restaurant

6 DAYS OPENING ~ 5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 950 ft² - laminate flooring, with an assortment of lighting.

Tables and chairs seating, in total, 130 people

Ground floor seating 60 people.

Bar - Cash register, under counter fridges, ice machine, glass washer.

Separate Kitchen - Stainless steel extractor, chinese cooker, rice cooker, microwave, fridges, freezers, washing up sink, stainless steel tables,

Sushi preparation area.

Ladies cloakroom with toilet and wash hand basin.

Gentlemans cloakroom with toilet and wash hand basin.


First floor

Tables and chairs seating 60 people.

Staff room.

Staff cloakroom with toilet and sink.

Additional kitchen area for Korean bar-be-que.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £ 8,000 / £10,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated under management, run by the manager with the assistance of 6 full time and 4 part time staff.

Trading Hours

6 Day week

MONDAY, WEDNESDAY, THURSDAY 12 noon - 3pm 6pm - 10.30pm
FRIDAY, SATURDAY AND SUNDAY 12 noon - 10.30pm
CLOSED TUESDAY

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 2018 with reviews every 5 years (next review 2028) at a current rent of £54,000 p.a.

Business Rates from April 2023 £1,440 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote