Richmond Licensed Chinese Restaurant For Sale

Business description

Good class residential area. Well established on site for many years and fitted out to a high standard. Benefiting from Music License. Adv. t/o c£7,000 pa. Rent £46,000 pa.

Property information

Property:

Leasehold

Location:

Location
Secondary position centre of good class residential area close to Richmond attracting trade for the local district along with trade from nearby offices.

Business
Long established good class Chinese Restaurant operated by the current owner for the past 21 years. Run by the owner with the assistance of various staff with a wage bill -.-.-. £1,500 per week. This business has established a very good reputation in the area and also benefits from a Full Music Licence.

Advised turnover c£7,000 per week working on a Gross Profit c75%.

Hours
Lunch and Evening trade Seven days a week.

Premises
Lock up shop comprising Ground and First Floor and attractive brick frontage.

Ground Floor: Spacious restaurant area well fitted out with seating for up to 110 covers. Fully carpeted, spot lighting and wood beam ceiling, reception area to the front with sofas and fully fitted wood bar.

Kitchen: Located at the rear of the ground floor fitted with tiled floors and walls and equipped with 6 ring gas hob/oven, 10 wok hob, fryer, stainless steel extraction with wall cladding, rice steamer, 5 stainless steel fridges, stainless steel work tops and walk in cold store.

First Floor: Accessed via internal stairs leading to a large store room.

Tenure
5 years remaining on current lease (2010). We are advised that the landlord will renew lease).
Rent £46,000 per annum. Rates c£14,000 pa.