Licensed Chinese Restaurant in Scotland For Sale

Situated in a Parade, excellent main road trading position, close to the recently opened Center Parcs resort, residential and commercial Borders Town, SCOTLAND.

Turnover £ 1,550
Price £120,000

Features

Licensed Chinese Restaurant

6 DAYS OPENING

DOUBLE FRONTED PREMISES, in the region of 1,300 ft², Vinyl flooring, plaster- board ceiling with pendant and wall lights.

Customer waiting area.

Tables and chairs seating 30 people.

BAR - Electric cash register, under counter fridges, display fridge, ice machine, wash hand basin.

KITCEHN - Stainless steel extractor, 5 burner hob, rice cooker, double basket fryer, plate warmer, bain marie (3 pan), microwave, steamer, double door fridge, single door freezer, 2 chest freezers, stainless steel preparation table, double sink and drainer, etc

Walkin cold room.

Cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. - £1,600 p.w. with a Gross profit of 60% approx.

Staff

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

Trading Hours

6 Day week
FRIDAY & SATURDAY 4 p.m. - 10 p.m.
TUESDAY - THURSDAY 4 p.m. - 9 p.m.
SUNDAY 4 p.m. - 9 p.m.
CLOSED MONDAYS

Tenure

Freehold.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND OFFERED FOR SALE DUE TO FAMILY COMMITMENTS.

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 84,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote