Long-Lease Chinese Restaurant and Takeaway Business in City of London Up for Sale

Description

Business type: restaurant and takeaway

Location: City of London

Tenure: leasehold

Transfer price: £120,000

Financial Information

Average weekly turnover: approximately £5,000

Total investment stated by the seller: approximately £250,000

• Fixed assets: approximately £100,000
• Setup and running costs: approximately £150,000

Business Information

Established: approximately two and a half years

Customer database: over 3,000 local customers

Sales channels:

• Dine-in
• Takeaway
• Online delivery
• Corporate orders
• Group orders

Ground Floor

Floor area: approximately 14 m²

• Seating for seven customers
• Meal-box and heated food display
• Service lift to the basement

Basement

Floor area: approximately 70 m²

• Commercial kitchen
• Ventilation system
• Rest rooms
• Shower
• Toilet
• Additional storage

Kitchen Equipment

• Chinese cooking range
• Extractor hood
• Baking oven
• Steel roasting plate
• Four freezers
• Three refrigerators

Most equipment was purchased new in 2022.

Online Sales

• Business website
• Deliveroo
• HungryPanda
• Uber Eats

Trading Hours

Monday to Sunday: 10:30 am–10:30 pm

Lease

Lease remaining: approximately 22 years

Location

• Monument station: approximately two minutes’ walk
• Liverpool Street station: approximately 10 minutes’ walk
• Bank station: approximately 11 minutes’ walk
• Cannon Street station within walking distance
• Fenchurch Street station within walking distance
• London Bridge station within walking distance

Local office population stated by the seller: over 100,000

Sale Contents

• Goodwill
• Fixtures
• Fittings
• Kitchen equipment
• Customer database