Well Established Chinese Restaurant in Spilsby For Sale

Situated in a HOTEL, excellent trading position, residential area, LINCOLNSHIRE. SPILSBY

Turnover £ 4,500
Price £100,000

Features

Well Established Chinese Restaurant Plus Takeaway

DOUBLE FRONTED PREMISES in the region of 2,000 ft². Marble tiled / wooden floor, suspended ceiling with sptlights. Tables and chairs providing seating for 60 persons. Bar, 2 glass fronted drinks fridges, optics, EPOS till.

KITCHEN. Stainless steel extractor unit, 7-burner Chinese Cooker, 2 rice cookers, steamer, 6-pot bain marie, wok, oven, preparation table.

Walk-in coldroom

Walk-in freezer room

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

2 Stock rooms

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a gross profit of 65% approx. (35% deliveries)

Staff

The business is at present operated by the lady vendor with 2 family members.

Trading Hours

7 Day week
MONDAY - SUNDAY 4pm - 10.30pm

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £15,600 p.a. for the first 4 years.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2002, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote