Spacious Old Established Licensed Hertfordshire 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 othe types of cuisine, if desired.

Full Gas Fired Central Heating

Entrance to SPACIOUS GROUND FLOOR RESTAURANT, ceiling lighting, 2 ceiling fans, 2 air conditioning units. Restaurant area carpeted with tables and chairs providing seating for 50 persons. Bar with optics, glass washer, 1 single door counter fridge.

Fully tiled ladies' cloakroom with w.c. and wash hand basin
Fully tiled gentlemen's cloakroom with 2 urinals, w.c. and wash hand basin

Stairs to first floor providing additional Restaurant area, carpeted. Air conditioning unit, ceiling lighting. Tables and chairs for an additional 30 persons.

Large commercial kitchen with dumb waiter to ground floor restaurant. The kitchen has a non-slip floor and is well equipped including 9-burner Chinese cooker, 4-burner gas cooker, rice cooker, 1 domestic microwave oven, 2 stainless steel fridges, 1 additional fridge, 2 chest deep freezes, stainless steel work surfaces, double sink and drainer, single sink and drainer, wash hand basin.

Adjoining stockroom with upright stainless steel fridge, 2 chest deep freezes

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease for a period of 16 years from the 1st August, 2004 at a current rental of £34,000 p.a. exclusive of rates, with rent reviews every 4 years.

Uniform Business Rates: £15,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation situated on the second floor and with FULL GAS FIRED CENTRAL HEATING, comprises: 3 Bedrooms (1 double, 2 singles) Large bathroom with bath, shower over bath, w.c. and wash hand basin In addition on the second floor is an office pl

Location:

Situated in a parade, excellent main road trading position, HERTFORDSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £6,000 p.w. (included in the turnover is takeaway and delivery of we understand approx. £2,500 p.w). Gross profit 60% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 2 p.m. & 5.30 p.m. - 11.30 p.m. seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.