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

City of London, EC3R 8DR, ID 168991

Long-Lease Chinese Restaurant and Takeaway Business in City of London Up for Sale 1
Long-Lease Chinese Restaurant and Takeaway Business in City of London Up for Sale 1
Asking price:
GBP £120 000
Turnover (per year): £300 000 gbp
Net profit (per year): £30 000 gbp
Owner
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Description

Newly opened 2.5 years ago with 22 years remaining on the lease. Weekly turnover is approximately £5,000. Operates daily from 10:30am to 10:30pm. Customer base of over 3,000 local clients. Located in the City of London surrounded by global financial companies, with over 100,000 office workers in the area. Transport links include Bank Station (11 min walk), Monument Station (2 min walk), Liverpool Street Station (10 min walk), Cannon Street, Fenchurch Street, and London Bridge stations within walking distance. Ground floor area is 14 m² with seating for 7 customers, front meal box/food warmer display, and a delivery elevator/lift. Basement kitchen is 70 m² with ventilation iron door and includes massage/rest rooms, shower, toilet, and loft storage. Fully equipped with modern appliances, all new in 2022, including Chinese stove, extractor hood, baking oven, iron roast plate, 3 new freezers and 1 old freezer, and 3 fridges. Dine-in and takeaway operations supported by own website, Deliveroo, Hungry Panda, and Uber Eats. Corporate and group orders also accommodated. Total investment to date is approximately £250,000, including £100,000 in fixed assets and £150,000 in running costs. Transfer fee is £120,000, including goodwill, fixtures, fittings, equipment, and established customer base.

Details

Real Estate: Lease
Square m2: 84
Asking price: 120 000 gbp
Turnover (per year): 300 000 gbp
Net profit (per year): 30 000 gbp

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