60 cover Chinese restaurant in West Sussex town For Sale West Sussex, United Kingdom Advert ref: R481CG Business description
A very well presented 60 cover traditional Chinese restaurant in major West Sussex town. The restaurant is very clean, bright and well presented with air conditioning and a custom built bar servery. The kitchen is fully equipped and has a staff/emergency exit to the large shared car park to the rear of the property. The customer toilets are to the rear of the restaurant and are exceptionally clean and well presented.
THE BUSINESS We are informed that the takings are in the region of £275,000 pa
In our view there is massive scope to increase takings by the introduction of deliveries. Potential purchasers will be given an opportunity to verify the takings to their own satisfaction.
REASON FOR SALE This business is now reluctantly for sale due to family illness.
STOCK As the vast majority of the sales are of freshly prepared food the stock consists mainly of alcohol and is generally in the region of £5000.
Property: Leasehold
Lease terms
These premises are held on a 12yr renewable lease, from 2004, current rent is in the region of £24,000pa including the domestic accommodation.
Living accomodation
There is domestic accommodation above the shop consisting of 5 bedrooms with domestic kitchen and a bathroom with wc.
Expansion potential
There is massive scope to introduce deliveries.
Reasons for selling
Retirement
Financing available
This business may be suitable for financing (subject to status) please contact Lakey & Co on 0845 094 8275 for more information.
Related documents
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| | Financial details Asking price: £149,950
Sales revenue: £275,000
Net profit: < £100k
Furniture / Fixtures value: £30,000
Inventory / Stock value: £5,000 |
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