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Takeaway And Restaurant In Chelsea For Sale

Chelsea, London
Asking Price:
£89,950 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Fully Equipped Commercial Kitchen
New 15 Year Lease Offered
Large Customer Base
Seating For 8
2 Bedroom + Attic Room
Scope to Introduce Alcohol Licence
Opposite Tesco Express
EPC - G

REF 6307 – Leasehold Takeaway & Restaurant With Rental Accommodation

Blacks Brokers are pleased to bring to the market this leasehold takeaway and restaurant with rental accommodation located in the much sought-after area of Coleridge Gardens, Chelsea.

INTRODUCTION

Chelsea Gourmet Oriental has been trading on Fulham Road since 1990 with our client in ownership since 2013. The business has established a large base of repeat customers and is well known in this area offering eat-in or takeaway options and delivery service via Uber Eats.

LOCATION

Located on the Fulham Road in the highly affluent area of Chelsea in South West London. Kensington and Chelsea College, Stamford Bridge and the Chelsea and Westminster Hospital all lie close by. The area is a good mix of both residential and commercial properties, with other local businesses and shops along with large multiples including Tesco Express with a petrol station. This area has excellent public transport links and parking is available in the vicinity.

REASON FOR SALE

The business is sadly only being offered for sale due to our client’s family commitments abroad. Therefore, this presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and insure lease (FRI lease). This is the most common form of commercial property lease. A new, fifteen-year lease is offered with the business sale and this will run at a cost of £1,000 per week with reviews every three years.

BUILDING LAYOUT AND DESIGN

Chelsea Gourmet Oriental operates from the ground floor of a detached property with fully glazed frontage. The business has large signage and branding on display to the front. Inside, there is a compact dining area with seating for eight, along with customer service counter and small waiting area. The dining room is well presented with tiled flooring throughout and Chinese themed décor. To the rear is a toilet, kitchen, food preparation area and wash up area. All areas are fully equipped – this includes air extraction system, nine-hob wok range and computerised till.

The first-floor contains private living accommodation. One bedroom is tenanted which generates £7,800 rental income per annum. It comprises of two bedrooms and shared bathroom and kitchen facilities. If the other bedroom was rented at £7,800 the potential rental income will be £15,600 per annum. The accommodation is accessed via the business and there are two store rooms within the loft space.

STAFF

The business is currently operating with two members of full-time staff in employment in addition to our client working on a full-time basis.

FINANCIAL DETAILS

Chelsea Gourmet Oriental has traded solidly during the last thirty years.

SUMMARY

This is a well-established takeaway located in the highly affluent area of Chelsea, South West London which benefits from having rented accommodation on the first floor. It has an A3 license as it previously traded as a restaurant and still has seating for eight within the ground floor dining area. There is plenty of scope to develop the business further with the addition of an alcohol licence and an extension of opening hours to include lunchtime trade. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - 5pm - 11pm
Tue - Closed
Wed - 5pm - 11pm
Thur - 5pm - 11pm
Fri - 11am - 11pm
Sat - 11am - 11pm
Sun - 11am - 11pm

Contact Information

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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