Well Established Chinese Restaurant in Surrey For Sale

Sought after courtyard position, close to the High Steet, commercial and residential area, SURREY.

Turnover £ 3,000
Price £69,500

Features

Well Established Chinese Restaurant ~ Retirement Sale

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 1,100 ft² over 2 floors, WITH SHUTTERS, CCTV (3 cameras).

Ground floor , in the region of 600 ft², Tile flooring, plasterboard ceiling with character pendant lighting.

Tables and chairs seating 30 people.

Counter / reception area. Cash register. Soft drinks fridge.

SEPERATE KITCHEN - Stainless steel extractor, 6 burner wok hob, griddle, oven, rice cookers, microwave, 2 freezers, large upright freezer, 2 chest freezers, double door fridge, 2 under counter fridges, double sink and drainer, stainless steel preparation table, 2 electric heaters, etc,

FIRST FLOOR PREMISES in the region of 500 ft²

Gentleman's Cloakroom with toilet and wash hand basin

Ladies Cloakroom with toilet and wash hand basin

2 Store rooms.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx.

Staff

the business is at present operated by the Husband & Wife team and family assistance as required. One driver employed.

Trading Hours

6 Day Week

MONDAY - SATURDAY 5 pm - 9.30 pm
CLOSED TUESDAY

We are advised there is demand for increased opening hours.

Outside

Parking space to rear (available on separate agreement from the landlord.)

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 £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote