Spacious Well Fitted Licensed Restaurant | | Undisclosed Buckinghamshire | | Sought after residential area, BUCKINGHAMSHIRE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60875
ADVERT IMPRESSIONS : 15,617 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | LEASEHOLD: | £245000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : Outstanding opportunity to acquire a spacious licenced restaurant, we understand Chinese cuisine for the past 40 years.
No parking restrictions in front of restaurant during the evening
Car park at rear for approx. 10/15 cars
IMPRESSIVE & SPACIOUS RESTAURANT with new Amtico floor (new approx. 2 months ago), 2 attractive raised areas (1 carpeted other with Amtico tiled floor). Tables and chairs providing seating for 80 persons (can be increased to accommodate a maximum of 100 persons, if required). 2 air conditioning units, stereo system. Dispense bar with upright glass fronted wine fridge, hot plate, stainless steel cabinet, glass shelving, optics, 2 sinks.
LEVEL KITCHEN with tiled floor. 7-burner Chinese cooker, 2-burner plus large grill with oven, large steamer, fridge/freezer, stainless steel table, upright stainless steel fridge, double sink and drainer.
First floor fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Location : Sought after residential area, BUCKINGHAMSHIRE
Opening Hours : Monday - Thursday inclusive - 5.30 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 2 p.m. & 5.30 p.m. - 11 p.m.
Sunday - 12 noon - 11 p.m.
Turnover : WE ARE INFORMED the turnover currently averages £10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Included in the turnover is a certain amount of hot food takeaway. Gross profit we understand in excess of 70%.
Tenure : Part of the Restaurant with the 3 bedroom accommodation over and rear car park is held on a lease from a private landlord having approximately 58 years unexpired at a current rental of £24,500 p.a. exclusive of rates for the next 3 years, with rent reviews every 5 years.
The remaining part of the freehold with 2 bedroom accommodation over is owned by the vendor and subject to satisfactory references is prepared to grant a new 25 years full repairing and insuring lease at a rental of £18,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £8,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED & SPACIOUS LICENSED RESTAURANT IN THIS SOUGHT AFTER & WEALTHY BUCKINGHAMSHIRE LOCALITY.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £245,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation part of the restaurant with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
In addition there is a shower room with shower, w.c. and wash hand basin
ADDITIONAL ACCOMMODATION SITUATED OVER THE REMAINING PART OF THE RESTAURANT, also with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms
Tiled shower room with shower, w.c. and wash hand basin
Kitchen area
Staff : At present operated by the vendor with the assistance of restaurant staff comprising 5 full time waitresses, 1 part time waiter, 3 part time waitresses. Kitche area 4 full time chefs plus 1 part time washer-up. In our opinion with a more active husband and wife team, the wage bill could be reduced. | | | | | | FOR SALE | | | | | REFERENCE: | R2405 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
