Business For Sale. Magnificent Floating Chinese Restaurant In East London

In an upmarket area, close to famous venues, large office blocks, residential area, etc. On 3 level decks, total 14,235 sq ft, 500 seats, beautiful decor. Tkg £2,200,000 pa. 25 yrs lse from 2013, Retail Price index rent reviews, rent £52,000 per Retail Price Index, rates £56,000. Est 25 yrs MAGNIFICENT FLOATING CHINESE RESTAURANT IN EAST LONDON

This floating restaurant is arranged on 3 levels and has an absolutely tasteful decor. The lower deck measures some 4,280 sq ft comprising a kitchen, stores, a walk-in freezer, male & female toilets and a fire exit. The main deck measures approximately 3,705 sq ft comprising a reception desk, main seating area over-looking the water front, 2 dumbwaiters leading to the lower deck kitchen, disabled toilet and a staircase leading to the function area on the upper deck. The upper deck measures approximately 3,250 sq ft comprising the function room and restaurant with a terrace. This beautiful floating restaurant is well maintained to a very high standard, has eating capacity for 500 people in and there are 2 parking spaces on the jetty for the owners.

EQUIPMENT: The business is very well equipped for the present trade.
RATES: Business rates payable £56,000 per annum.
COMMENTS: Price includes full ownership of the boat which was purchased for £1,000,000 prior to reinforcing and fitting out.

Market / Competition / Non-Competition Agreements
This magnificent floating restaurant has been established for 25 years and the owner now wishes to retire. The annual turnover is £2,200,000 @ 65% to 70% g.p.