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Restaurant T/A, Romford, RM5

£90,000

£44.42 per sq ft

Business rates & charges may apply

Gilbert and Rose Commercial, Essex Commercial
SIZE AVAILABLE

2,026 sq ft

188 sq m

SECTOR

Restaurant for sale

Description

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 £90,000. 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 £29,000 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.

Restaurant T/A, Romford, RM5

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Romford Station1.2 miles
  • Gidea Park Station1.7 miles
  • Chadwell Heath Station2.3 miles

About Gilbert and Rose Commercial, Essex Commercial

1333-1335 London Road, Leigh-On-Sea, SS9 2AD

Gilbert & Rose Business Transfer and Commercial Property Sales and Lettings

Gilbert & Rose is a respected and well-established name in the real estate industry, renowned for our expertise in Residential Sales and Lettings. Building on our success in this area, we have expanded our services to encompass business transfer and commercial property sales and lettings. As part of this strategic expansion, we have recently partnered with Bradleys Countrywide Limited, a highly regarded company with over sixty years of experience in commercial business transfer within Essex, Hertfordshire, and Suffolk.

By combining our strengths and leveraging the extensive knowledge and database of our merger partner, we possess unparalleled access to comparable evidence. This enables us to provide accurate valuations and deliver successful business sales for our clients. Our marketing approach is comprehensive and innovative, utilizing a range of powerful tools such as video marketing, professional photography (including drone shots), and virtual tours. We conduct extensive marketing and advertising campaigns, leveraging the reach of the largest business and residential property websites, alongside our own constantly updated platform. We understand the importance of maintaining confidentiality in certain cases, and we offer tailored advertising solutions to meet the specific requirements of our clients.

At Gilbert & Rose, transparency is at the heart of everything we do. Our fees are competitive and transparent, with no hidden charges, and payment is only required upon the successful completion of a transaction. We take pride in providing expert advice and guidance to our clients, whether they are ready to sell or simply seeking information. Our dedicated team is committed to exploring the best options available to suit your individual needs, ensuring that you can make well-informed decisions throughout the process.

Whether you are looking to buy, sell, or lease a property, we invite you to contact us for any further information you may require. At Gilbert & Rose, our commitment to delivering exceptional service is unwavering. We are here to assist you every step of the way on your real estate journey. Get in touch with us today and let us help you achieve your goals with confidence and success.

Notes

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Disclaimer - Property reference RX535723. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert and Rose Commercial, Essex Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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