Licensed Chinese Restaurant in North London For Sale

Situated in a parade, busy road, sought after residential area, NW LONDON

Turnover £ 2,850
Price £65,000

Features

Licenced Chinese Restaurant

6 DAYS OPENING
4 STAR HYGIENE RATING

SINGLE FRONTED RESTAURANT in the region of 1,295 ft² with tiled floor, wall lights, hanging lights, sales counter, EPOS till

Tables and chairs providing seating for 40 People.

Basement in the region of 610 ft² with

Kitchen with stainless steel extractor unit, Chinese Cooker, deep fryer (2 pan), fridges, freezers, stainless steel preparation tables, microwave oven (commercial), hot cupboard.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,700 - £3,000 p.w. with a Gross profit of 65% approx. (50% eat in) (NO PORTALS)

Staff

The business is at present operated by the lady vendor with the assistance of 1 chef and 1 waitress

Trading Hours

6 Day week
THURSDAY - TUESDAY 12 noon - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £35,000 p.a.

Business Rates from April 2026 £11,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote