Licensed Chinese Restaurant in Wickford For Sale

Shopping centre locality, excellent main road trading position, residential, office and commercial area, ESSEX WICKFORD

Turnover £ 2,500
Price £35,000

Features

Licensed Chinese Buffet Restaurant (not Utilised) & Takeaway

5 DAYS OPENING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with spot lights. Tables and chairs providing seating for 85 persons. Sales counter.

KITCHEN. Stainless steel extractor unit, 9-burner Chinese cooker, rice cooker, steamer, deep fryers, fridge, freezer, shelving, etc.

Ladies' & Gentlemen's toilet with w.c. and wash hand basin.

Stock room / Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. with a gross profit of 65% approx. (Trading as takeaway only) (70% deliveries)

Staff

The business is at present operated by a husband & wife team with the assistance of 1 part time member of staff plus 1 driver.

Trading Hours

5 Day week
Thursday - Monday 5pm - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £28,000 p.a.

Business Rates from April 2021 £11,000 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote