Restaurant for sale

Restaurant, Takeaway, Romford RM5

An exciting opportunity to acquire a well-established Chinese restaurant and takeaway in the heart of Collier Row, Romford. This fully fitted and operational business generates an approximate weekly turnover of £4,000, operating with the usual high-profit margins associated with the sector. The restaurant is run by a husband-and-wife team, supported by one full-time staff member. Available on a new lease with a rental of £29,000 per annum, the business is offered for sale at £85,000. RX535723

Location

Situated in a busy parade in Collier Row, Romford, this restaurant benefits from a high level of footfall and excellent visibility. The surrounding area consists of residential housing and local businesses, ensuring a steady stream of customers. The premises are easily accessible, with convenient parking options nearby and strong transport links connecting to Romford town centre and beyond

Restaurant Area (Approx 39'1 x 21'1 (reducing to 14'95 to allow for lobby area))

Fully glazed entrance into glazed lobby area opening to restaurant area:- fitted carpet, matching tables and chairs for a comfortable 50 covers, wall mounted air conditioning unit

Bar / Reception Area

Stylishly designed reception counter with pos system, decorative shelving, undercounter drinks fridge, single sink unit with drainer

Kitchen (Approx 23'05 x 19'38)

Chest freezer, commercial pressure cooker, double fryer x2, walk in fridge, stainless steel prep tables, 3 burner gas burners, 9 burner gas burners, commercial extractor system, microwave, double stainless steel sink u it with drainer, storage cupboard housing storage shelves and boiler, fridge, wash hand basin, various other equipment to trade

Store (Approx 8'4 x 22x7)

Tiled flooring, walk in freezer, strip lighting, double doors leading to kitchen, door to rear, door to further store

Further Store (Approx 20'5 x 16'1)

Tiled flooring, shelving, florescent strip lighting

Staff

The business is currently operated by a husband-and-wife team, supported by one full-time staff member

Turnover

Approximate weekly turnover of £4,000

High-profit margins

Potential to increase sales through dine-in services, online delivery platforms, and expanded marketing efforts

Trading Hours

Restaurant:-

Monday - Closed

Tuesday - Thursday 12pm - 2.30pm & 5pm - 10.30pm

Friday & Saturday - 12pm - 2.30pm & 5pm - 11pm

Sunday - 12pm - 2.30pm & 5pm - 10.30pm

Delivery:-

Sunday - Saturday

5.30pm - 9.30pm

Tenure

A new lease will be granted for a term to be agreed, at a rental of £28,000 per annum

Business Rates

The premises is subject to a rateable value of £15,000

the small business multiplier for occupied properties which have a rateable value below £51,000 – for 2024/25 this is 49.9p in the pound

equating to £7,845 before any further relief is claimed (if availabale)

Legal Costs

Each party are to be responsible for their own legal costs incurred

Freehold

The Vendor has advised that the freehold including the 3 bedroom accommodation above may be available via separate negotiation.

We are advised that the accommodation is currently let out on a room let basis

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission