Attractive And Spacious Licensed Restaurant For Sale

Business description

At present 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.

Customer's Car Park for 9 cars.

Service road in front of Restaurant

ATTRACTIVE DOUBLE FRONTED RESTAURANT. Ground floor, laminated strip floor, ceiling with inset spotlighting, air conditioning unit. Tables and chairs providing seating for 40 persons (can be increased to 50, if desired). Bar with sink, double door display counter fridge, upright glass fronted fridge.

Disabled/ladies' cloakroom with w.c. and wash hand basin

Spiral staircase to first floor providing an additional Restaurant area with air conditioning, ceiling lighting. Tables and chairs providing seating for 20 persons (can be increased).

Gentlemen's cloakroom with w.c. and wash hand basin

Ground floor level ktichen with dumb waiter to first floor. The kitchen has a quarry tiled floor and is fully equipped including 9-burner Chinese cooker, 1 stainless steel hot cupboard with work surface, stainless steel table, double door stainless steel larder fridge, steamer, 6-burner gas cooker, stainless steel extractor unit, double sink and drainer, walk-in coldroom, 3 chest deep freezes etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease expiring in December, 2012 at a rental of £26,000 p.a. exclusive of rates up to December, 2008, with rent to be agreed thereafter.

Uniform Business Rates: £6,400 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT comprises: 2 Bedrooms (1 double, 1 single) Bathroom with bath, wash hand basin Separate w.c. Lounge Kitchen

Location:

Occupying an excellent corner position, main road, sought after HERTFORDSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65%/70% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,950 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 2.30 p.m. & 6 p.m. - 11 p.m. (last orders) seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.