Restaurant in Cheltenham For Sale

Sought after, GLOUCESTERSHIRE CHELTENHAM

Turnover £ 8,000
Price £108,000

Features

Spacious Licensed Restaurant

Chinese cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS SINGLE FRONTED RESTAURANT fully carpeted, wall lighting. Tables & chairs providing seating for 38 persons (can be increased). BAR with 2 hand pumps, counter fridge. Chairs providing seating for a maximum of a further 10 persons for customers' waiting.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LARGE LEVEL KITCHEN with non-slip floor. The equipment includes 9-burner Chinese cooker, large tripple gas deep fryer, 6-burner gas cooker with oven, double door upright stainless steel deep freezer, 4 chest deep freezers, double door stainless steel fridge, additional double door white fridge, upright single door stainless steel fridge, 4 rice cookers, double sink & drainer, 2 stainless steel tables etc.

Turnover

WE ARE INFORMED the turnover is in the region of £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Included in the turnover is approximately 30% in respect of takeaways. In our opinion there is potential to introduce deliveries if desired.

Staff

At present operated by a husband & wife team with the assistance of a relative plus 2 part time waitresses.

Trading Hours

Operated 6 evenings per week 5 p.m. - 11 p.m.
CLOSED TUESDAY EVENING

Outside

Small yard area

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 1 year 7 months unexpired at a rental of £17,000 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: £800 p.a. approx. (after small business relief)

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £108,000 plus STOCK AT VALUATION

Finance

Subject to status, you maybe able to borrow up to £ 54,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote