Licensed Oriental Restaurant In West London For Sale

Business description

Mainly Chinese cuisine, which could obviously be continued but in our opinion, in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

Double fronted Restaurant with laminated strip floor, ceiling lighting. Tables and chairs providing seating for 40 persons. Bar with mirror-backed shelving, 2 glass single-door glass fronted counter fridges, 2 Group coffee machine, sink, etc.

Half tiled Ladies' & Gentlemen's Cloakrooms, each with w.c. and wash hand basin.

Kitchen at rear with tiled floor, 13-burner Chinese cooker, 6-burner gas cooker, microwave oven, 2 stainless steel fridges, 1 addiitonal fridge, 2 chest deep freezes, double sink and drainer, wash hand basin, etc.

Covered yard at rear used for storage purposes.

Property information

Property:

Leasehold

Lease terms:

WE UNDERSTAND the premises are held on a new 20 years' lease at a rental of £18,000 p.a. excl. of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform business rates £3,200 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION.

Location:

Situated in a parade, excellent main road trading position, LONDON, W.

Other information

Expansion potential:

WE ARE INFORMED when trading the turnover averaged £2,000/£2,500 p.w., in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, FIXTURES & FITTINGS, £22,000 PLUS STOCK AT VALUATION. SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Trading hours:

When trading - Seven days per week - 12 noon - 2.30 p.m.
Evenings 6 p.m. - 11 p.m. (with the exception of Friday & Saturday, when the business remained open to 11.30 p.m.)

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.