Substantial Chinese Restaurant in Saundersfoot For Sale

Detached property, main road trading position, residential area, PEMBROKESHIRE, SOUTH WALES. SAUNDERSFOOT

Turnover £ 26,000
Price £350,000

Features

Substantial Chinese Restaurant and Takeaway

CAR PARK FOR 40 CARS APPROX.

6 DAYS OPENING

DETACHED PREMISES in the region of 2,500 ft². Heavy duty carpeted floor. Tables and chairs providing seating for 80 - 100 persons. Bar. 2 EPOS till.

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

KITCHEN. Stainless steel extractor unit, 8-burner Chinese cooker, fridge plus walk-in coldroom, 2 freezers, microwave, hot cupboard, plate warmer, 2-pan deep fryer, steamer, 3 stainless steel preparation tables, 2 double sinks and drainer.

2 Out Buildings, 6 deep freezers, shelving

Turnover

WE ARE INFORMED by the owner the turnover currently averages £26,000/ £28,000 p.w. with a gross profit of 65% approx. (15% Deliveries)

Staff

The business is at present operated by the vendor with 11 full time staff, 19 part time staff plus 3 drivers.

Trading Hours

6 Day week
THURSDAY - WEDNESDAY 12am - 2pm & 5 p.m. - 10pm
CLOSED TUESDAY

Accommodation

THE SELF CONTAINED ACCOMMODATION used by staff with Gas Fired Central Heating, Double-glazed windows, comprises:

6 Bedrooms (5 doubles, 1 single)
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin
Additional W.C

Outside

Parking space for 40 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE 10 years full repairing and insuring lease from a private landlord, with rent reviews every 5 years at a current rent of £26,000 p.a.

Business Rates from April 2022 £11,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote