Chinese Restaurant for sale in King's Lynn, Norfolk with potential for development and accommodation.
Kings Lynn, NorfolkEst. 9 years
- Status
FOR SALE
- Advert ID
658492
- Leasehold: £50,000
- Rent: £16,800 (£1,400 per month)
- Turnover: £312,000 (£6,000 per week)
- Profit: On request
Key Features
- Attractive pricing for investors
- Competitive rental price offered
- Compliance with safety regulations
- Comprehensive online ordering system
Business Details
Chinese Restaurant for sale in King's Lynn, Norfolk
Spacious Licensed Chinese Restaurant
Previously a Public House. Established now as a Licensed Chinese Restaurant which we understand has been trading for approximately 9 years & in our opinion offers terrific potential for development in the right hands.
Large car park for approximately 15 cars
PROMINENT PREMISES in the region of 1,600 ft², Tiled flooring, plasterboard ceiling with spot lights, CCTV (3 cameras).
Tables and chairs seating 60 customers (could be increased to 100 people.)
BAR - Electric cash register, under fridges, wash hand basin, etc.
Large area used for buffets.
Function room seating 20 / 30 customers.
Ladies cloakroom with toilets and wash hand basin.
Gentlemen's cloakroom with toilets and wash hand basin.
Kitchen - Stainless steel extractor, chinese hob (5 burner), oven, grill, rice cooker, microwave, bain marie (4 pot), heated cabinet, plate warmer, large double door fridge, 2 single door fridges, chest freezer, double door freezer, mincer, stainless steel preparation tables, ice maker, 2 x double sink and drainer, etc.
Accommodation
Stairs to the FIRST FLOOR which require modernisation;
2 dry stores.
Large room with 3 chest freezers.
Walking freezer.
Walkin fridge.
Kitchenette / staff room.
With fire exit on the first floor.
Stairs to SECOND FLOOR, LIVING ACCOMMODATION comprising;
4 Double bedrooms.
Shower room with shower cubicle, toilet and was hand basin.
Office with toilet and wash hand basin.
With a separate fire exit there is potential, subject to planning permission, to develop the first floor as additional accommodation, and potentially an H.M.O..
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS FAMILY COMMITMENTS
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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