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Well-Established, Profitable Asian Restaurant In Hertfordshire For Sale

Near Bishops Stortford, Hertfordshire, UK
Asking Price:
£595,000 Furniture / Fixtures included
Turnover:
£1,456,000
Net Profit:
£160,000

Spacious Double Fronted Premises, c. 2,500 sq. ft. area. Well-appointed, air-conditioned dining room, comfortably seating 100 persons.

Fully-Fitted commercial kitchen, including 6+2 wok burner Chinese cooking range, extraction/ventilation system, walk-in cold room, Rational combi oven, several quality fridges and freezers.

The premises enjoys an excellent trading position in the town centre, with on-street parking available.

Successfully operated by the same owners for over 35 years, and benefits from an excellent reputation with a well-established loyal clientele.

Sale includes 2 spacious flats above which are currently used as staff accommodation. Open for Dine-in and Takeaway service 6 days a week.

New Lease will be available to an approved buyer at a commencing rental of £63,000 p.a.

Further information, financial details, and photos will be provided to registered buyers following the signing of a Non-Disclosure Agreement for confidentiality purposes.

Price to include new Lease, goodwill, Fixtures & Fittings, plus Stock At Valuation.

Property Information

Property:

Leasehold

Lease Terms:

New Lease 20 year term

Leasehold Rent:

£63,000 per annum

Business Operation

Reasons for selling:

Retirement