Licensed Chinese Restaurant in West London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, WEST LONDON

Turnover £ 14,000
Price £200,000

Features

Licensed Chinese Restaurant & Takeway

4 STAR HYGIENE RATING

SINGLE FRONTED AIR CONDITIONED PREMISES in the region of 1,075 ft², Harwood flooring, plaster board ceiling with spot lights.

Customer waiting area.

Tables and chairs seating 70 customers in total, 30 on the ground floor.

Bar - Electric cash register, under counter fridges, freezer, wash hand basin.

Ladies cloakroom with toilet and wash hand basin.
Gentlemen's cloakroom with toilet and wash hand basin.

Kitchen - Stainless steel extractor, Hob, Barbeque, rice cooker, microwave, 6 freezers, 5 fridges, stainless steel preparation table, double sink and drainer, etc,


Stairs to Basement, in the region of 786 ft², comprising;

4 rooms with Karoke facility, table and chairs seating a total of 42 customers.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,000 p.w. - 15,000 pw with a Gross profit of 65% approx.

Staff

The business is at present operated by the Husband & Wife team with 4 full and 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11.30 pm

Accommodation

We are advised that above the restaurant there are two flats, one 3 bedroom and one two bedroom, available to rent from the Landlord on separate agreements.

Outside

Garden to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 24 years in 2013 with reviews every 4 years (next review 2029) at a current rent of £33,000 p.a.

Business Rates from April 2025 £9,500 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote