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Spacious Licensed Chinese Restaurant For Sale

Norfolk, UK
Asking Price:
£50,000
Turnover:
£416,000
Net Profit:
Undisclosed

Previously a Public House. Established now as a Licensed Chinese Restaurant which we understand has been trading for approximately 9 years & in our opinion offers terrific potential for development in the right hands.

Large car park for approximately 15 cars

PROMINENT PREMISES in the region of 1,600 ft², Tiled flooring, plasterboard ceiling with spot lights, CCTV (3 cameras).

Tables and chairs seating 60 customers (could be increased to 100 people.)

BAR - Electric cash register, under fridges, wash hand basin, etc.

Large area used for buffets.

Function room seating 20 / 30 customers.

Ladies cloakroom with toilets and wash hand basin.

Gentlemen's cloakroom with toilets and wash hand basin.

Kitchen - Stainless steel extractor, chinese hob (5 burner), oven, grill, rice cooker, microwave, bain marie (4 pot), heated cabinet, plate warmer, large double door fridge, 2 single door fridges, chest freezer, double door freezer, mincer, stainless steel preparation tables, ice maker, 2 x double sink and drainer, etc.

LOCATION: Excellent trading position, arterial road from London entering NORFOLK

TURNOVER: WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx.

ACCOMMODATION: YES, accommodation is included, you must click the 'Contact Broker' button for additional details.

STAFFING: The business is at present operated by the vendor with 2 chefs and 3 further full time staff employed.

PRICE: TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

ADDITIONAL INFORMATION AVAILABLE INCLUDING; RENT, LEASE TERMS, OPENING HOURS, ACCOMMODATION DETAILS, BUSINESS RATES AND REASON FOR SALE VIA THE 'CONTACT BROKER' BUTTON

Property Information

Property:

Leasehold

Living Accommodation:

Accomodation Included