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Exceptional Chinese Takeaway for sale in Lambeth

Lambeth, Greater London

Asking Price £80,000
Turnover £340,000

Business overview

Panda Oriental Brixton is a Chinese and Thai takeaway restaurant with home deliveries. Very good location with flats and events always nearby.

Business details

  • Property type
  • Net profit
  • Accomodation
  • Staff
  • Rent per annum

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Business description

Panda Oriental is one of many stores that are based in and around London. The shop has only been open 1 year but the owner is unable to keep up with the high demand due to other business commitments so is reluctantly selling. The business had a brand new glass shop front fitted just before they opened along with all new tiling through the business. The business is on Brixton high street which is a very busy main road bringing lots of passing trade. There is a large club just opposite the shop which brings lots of custom until 5 am in the morning. The business only has a licence to open until 5 am on weekend but this does bring in a lot of trade. The shop brings in around £7,500 per week with the opening hours if 4 pm - 11:30 pm Monday to Friday and 12 pm - 5 am Saturday and Sunday. The business has 13 years remaining on their open lease with the rent at £14,000 annual with no business rates to pay. There is a flat above the business but this no included in the sale but if you would need this the owner would be willing to speak to the current landlord about the potential for this to be rented. The sale comes with a large amount of equipment that comes with the sale including 5 chess freezers and a small freezer, 2 new double door fridges, 9 burner cooker, fryer, food warmer and 2 new touchscreen PC's with the latest programme on that is linked to their website.

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