50 YEAR ESTABLISHED CHINESE RESTAURANT WITH ACCOMMODATION, EAST SUSSEX Reference No: E7698J

Price: £ 79,950
Description

LOCATION: In a beautiful coastal town, surrounded by chalk downland, which includes the famous Seven Sisters sea cliffs and the Cuckmere valley to the east, this restaurant is in a great position at the junction of the high street and comprehensive shopping parade with many independents and multiple such as Boots, WH Smith, Co Op, Sainsbury’s, Tesco Express, etc with ample 2 hour parking outside.

DESCRIPTION:   By far, the best Chinese restaurant in the town with 70’s decor, the 1,000 sq ft business has been established over 50 years and is in the same hands for over 20 years..This is a single fronted unit with seating for 40 in the restaurant section, a bar section and waiting area with ladies and gents wc’s. To the rear is the large kitchen with a wash up area and a side door to the yard with a storage area and parking for 2 cars.

BUSINESS:  This is owner run now wishing to retire and is currently taking £5,000 pw @ 65%/70% g.p.

HOURS: 6 Days. Noon to 2 pm and 5 pm to 10 pm. Closed on Mondays. 

EQUIPMENT:  Fully fitted and equipped with a 9 burner Chinese cooker, 2 bar fridges, a drinks fridge, a hot cabinet, a 6 burner gas cooker, an Atosa unright stainless steel double door fridge, 2 chest freezers, 4 stainless steel preparation tables, furniture, etc.

ACCOMMODATION:  The entrance to the 2 bedroomed flat is from the kitchen, is used by staff, has a bath/wc and another separate wc with a wash hand basin.

TENURE: A new 20 year F.R.I. lease is available. The current lease has 1 year to run with a current rent of £18,500 pa with 5 yearly rent reviews. £4,582 pa rates payable.

VIEWINGS:    By appointment only.

NEGOTIATIONS:  Strictly through PEGASUS BUSINESS SALES

Request Details

* = Mendatory.
Enter numbers in red box
CAPTCHA image