Old Established Chinese Takeaway in Surrey For Sale

Situated end of parade, residential area with school opposite and close to the High Street, SURREY

Turnover £ 5,000
Price £39,500

Features

Old Established Chinese Takeaway

5 STAR HYGIENE RATING

DOUBLE FRONTED TAKEAWAY PREMISES in the region of 1,350 ft² with tiled floor, suspended ceiling with fluorescent lighting, sales counter, cash register.

Open plan kitchen area, stainless steel extractor unit, Chinese Cooker (9-burner), microwave, deep fryer, stainless steel preparation table, fridge, freezer.

Basement in the region of 880 ft², used for storage purposes.

Staff Toilet with w.c. and wash hand basin.

Staff rest room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (80% via portals)

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY 5pm - 11pm
TUESDAY - SUNDAY 12 noon - 11pm

Outside

Rear yard with Parking space for 1 car.

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 DECEMBER 2016 with reviews every 4 years at a current rent of £13,000 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £39,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 19,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote