Established Chinese Restaurant for Sale in Kent. Circa 5,226 Sq. ft
Property ID: RPS-20299
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting details and viewing.
MAIN FEATURES
Price Reduced for Quick Sale
A well-established Chinese Restaurant
Large Restaurant Circa 5,226 Sq. Ft
Ground Floor Circa: Circa 2,791 Sq. ft. & Basement: 2,435 Sq. ft
Retirement Sale
LANDLORD’S REQUIREMENTS
3-6 Months Rent Deposit Subject to References
Accountant’s references
Trade references
A personal guarantor is required.
LEASE DETAILS
Lease: Ending November 20, 2029 (Inside the Act of 1954)
Rent: £35,000 PAX
Rent Review: Every 4 years
Next Review: November 2025
Premium: £195,000 (Lease, Business & FF&E)
THE PREMISES
Large Restaurant Circa 5,226 Sq. Ft
Ground Floor Circa: Circa 2,791 Sq. ft. & Basement: 2,435 Sq. ft
Rateable Value: 39,750 (Payable Business Rates: £19,825/annum)
Circa 100 Covers Restaurant
Premises License in Place
Large Frontage with High Visibility
THE BUSINESS
The business is currently operated by 8 full-time and 3 part-time Time with Owners
Gross Turnover: TBC
UberEATS and Just EAT in place
Trading Lunch & Dinner and Monday Closed
THE LOCATION
Kent
Local Parade of Shops
VIEWINGS AND CONFIDENTIALITY
All interested buyers must agree to a non-disclosure agreement with our company due to the “confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.
Strictly through restaurant property sellers only. By using our website, you agree to our terms & conditions.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm; therefore, it is not to be relied upon as a statement of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give any representation or warranty whatsoever in relation to this property.
