Well Established Chinese Hot Food Takeaway & Delivery For Sale

Business description

SINGLE FRONTED PREMISES with tiled floor. Counter.

LEVEL KITCHEN, fully equipped including 7-burner Chinese cooker, rice cooker, microwave oven, 6-burner gas cooker with oven, double fryer, double sink and drainer, walk-in coldroom, 2 fridges, 3 deep freezes, wash hand basin etc.

Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £15,500 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,550 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The living accommodation with DOUBLE GLAZING, at present let and we understand providing a rental income of in excess of £20,000 p.a. The accommodation comprises: 4 Bedrooms (2 doubles plus 2 singles). It will be appreciated upon inspection that 1 of the bedrooms could readily be used as living room, if desired Shower Room with shower, wash hand basin Separate w.c. Kitchen

Location:

Situated in a parade, densely populated residential area, LONDON, SW

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £1,700 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 2 p.m. & 5 p.m. - 11 p.m. six days per week (CLOSED TUESDAYS)

Employees:

The business is at present operated by a husband and wife team with the assistance of 1 part time staff plus 1 part time driver.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance