Well Established Chinese Restaurant in North London For Sale

Situated in a parade, excellent main road trading position, close to Holloway Underground Station and with approx. 100 yards of Football Club main entrance, NORTH LONDON

Turnover £ 2,000
Price £55,000

Features

Well Established Chinese Restaurant & Takeaway

6 DAYS OPENING
5 STAR HYGIENE RATING
FORECOURT WITH PROTENTIAL FOR SEATING
GREAT PROTENTIAL TO ADD ALCOHOL LICENCE

SINGLE FRONTED PREMISES in the region of 895 ft² WITH SHUTTERS, tiled floor, spotlights, sales counter, EPOS till. Tables and chairs providing seating for 42 People.

Kitchen with stainless steel extractor unit, Chinese Cooker (7-burner), Deep fryer, fridges, freezers, microwave, double sink and drainer, stainless steel preparation tables.
Walkin coldroom.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the Staff with 2 full time staff employed. with the assistance of 1 part time staff. We are informed the wage bill averages £1,200p.w. approx.

Trading Hours

6 Day week
MONDAY - FRIDAY 4 pm - midnight
SATURDAY 2pm - Midnight
SUNDAY 2pm - 10 pm
CLOSED TUESDAY

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 2023 with reviews every 5 years (next review 2028) at a current rent of £20,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote