FOR SALE (LEASEHOLD) CHELMSFORD ESSEX, LONG ESTABLISHED 50-60 COVER CHINESE RESTAURANT

Property Description

Long established Licenced Chinese Restaurant & Take Away. Currently set out for 50 covers, but 60 possible. In a total of some 1,230 sq.ft. overall. Upper parts with staff mess room. Rear parking for 1 vehicle & a two storey store.

Property
A double fronted property, the ground floor in a total of 1,230 sq.ft. including the kitchen/washing up area 350 sq.ft. In addition, there are ladies & gents WC's to the rear. Rear parking for 1 vehicle with a 2 storey store in 400 sq.ft. with walk-in fridge & walk-in freezer & outside staff WC. There are 4 staff rooms at 1st floor with a shower room/WC.

Features
Long Established Chinese Restaurant
Approx. 1230 Sq.Ft. Overall
50 Covers (60 Possible)
Rear Stores & Parking
1st Floor Staff/Mess Room
New Lease/Rent £32,500PA

Turnover
The accounts of the business for the year ended 5th April 2024 show sales of £523,466 (£10,000 per week) and an adjusted net profit of £92,770.

Trading Hours
Closed Mondays. Sunday & Tuesday to Thursday 12 noon till 2pm & 5pm till 10pm. Friday & Saturday 12 noon till 2pm & 5pm till 10.30pm.

Tenure
The landlord is willing to grant a new lease, on terms to be agreed, at a rent of £32,500pa.

Business Rates
The 2023 rating assessment shows an adopted value of £21,250, resulting in rates payable of approx. £10,500pa.

Legal Fees
Each party is to be responsible for their own legal fees.

Viewing
All viewing arrangements are by appointment only via Gerard Biagioni on 01702 311 037.