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.

SINGLE FRONTED RESTAURANT with laminated strip floor. Tables and chairs providing seating for 40 persons.

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Basement kitchen. The equipment includes 7-burner Chinese cooker, 4-burner gas cooker, microwave oven, hotplate, stainless steel tables, 2 sinks plus drainer, wash hand basin etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 9 years unexpired at a rental of £11,000 p.a. exclusive of rates for the next 4 years, with rent to be agreed thereafter. (We further understand the landlord is quite prepared to consider extending the lease to a 15 year period, if required.

Uniform Business Rates: £1,300 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent main road trading position, densely populated residential and commercial area, LONDON, SE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £1,000 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 £35,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Trading hours:

6 evenings per week - 5 p.m. - 11 p.m.
CLOSED TUESDAY EVENING
It will be appreciated upon inspection that there is potential for additional opening hours.

Financing available:

Substantial Loan To An Approved Applicant.