Licensed Restaurant | | Undisclosed West Sussex | | Situated in a parade, main road trading position, residential area, WEST SUSSEX | | ADVERT NUMBER : 70865
ADVERT IMPRESSIONS : 10,563 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | FREEHOLD: | £525000 | LEASEHOLD: | £85000 | | | | | BUSINESS DETAILS: | Features : We understand the premises have a Full On Licence
Established by the present owners approximately 20 years ago as Chinese cuisine, which could obviously be continued, and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.
SPACIOUS SINGLE FRONTED RESTAURANT, carpeted, ceiling lighting. 4 air conditioning units. Tables and chairs providing seating for 70 persons. 2 fish tanks. Leather sofa accommodating 6 persons in respect of customers waiting for takeaways. BAR with marble effect top, 5 high chairs. The bar area has a dishwasher, sink, 1 small glass fronted fridge, 1 barmaster (3 drawer cool unit), double door glass fronted counter fridge, additional sink, upright glass fronted fridge etc.
Stairs to LARGE BASEMENT fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
LARGE COMMERCIAL KITCHEN with dumb waiter to ground floor restaurant. The kitchen has a quarry tiled floor and is well equipped including 2 6-burner Chinese cookers, stainless steel extractor, 2 stainless steel tables, walk-in coldroom, walk-in deep freeze, double sink and drainer, single sink, dishwasher, wash hand basin etc.
Staff cloakroom
Location : Situated in a parade, main road trading position, residential area, WEST SUSSEX
Opening Hours : Sunday & Monday - evenings only - 6 p.m. - 11 p.m.
Tuesday - Saturday inclusive - 12 noon - 2.30 p.m. & 6 p.m. - 11 p.m.
Turnover : WE ARE INFORMED the turnover averages £5,500/£6,000 p.w. including some takeaway, in our opinion there is terrific potential to develop deliveries, if desired. Gross profit 65% approx.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of £29,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £6,000 p.a. approx.
AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
ALTERNATIVELY PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £525,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS living accommodation in the form of a MAISONETTE over, is at present mainly utilized by staff and comprises:
5 Bedrooms (3 doubles, 2 singles),
Shower room with shower, w.c. and wash hand basin
In addition there are 2 further rooms in the maisonette which are at present used for storage purposes
Outside : Shared service road at rear
Staff : The restaurant is at present operated by the vendor's wife with the assistance of 3 full time chefs plus 1 part time kitchen help. Restaurant area 2 full time waitresses plus 1 part time waitress. Wages paid in the region of £1,200 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
