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Magnificent Floating Chinese Restaurant In Canary Wharf For Sale

Canary Wharf, London
Freehold Price:
£1,000,000 Furniture / Fixtures included
Lease Asking Price:
£1,000,000 Furniture / Fixtures included
Sales Revenue:
£1M - £5M
Cash Flow:
£100K - £250K

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 seating capacity for 500 people in and there are 2 parking spaces on the jetty for the owners.

Property information

Property:

Available as freehold and leasehold

Lease Terms:

Freehold boat with 25 year renewable boat mooring lease at the docks from 2013 with the rent reviews @ RPI at a current rent of £52,000 pa.

Location:

In the Canary Wharf Estate, one of the main financial centres of United Kingdom surrounded by some of Europe’s tallest buildings with over 1,500,000 sq metres of office space, this magnificent boat restaurant occupies a prominent upmarket position on the docks near many famous venues.

Premises Details:

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.

Size in square feet:
11,235
Planning Consent:

A3

Business Operation

Expansion Potential:

Opportunity to change or amend cuisine

Competition / Market:

None

Reasons for selling:

Retirement - partner over 70.

Trading hours:

Tues – Sun noon – 10.30 pm. (Closed on Mondays

Years established:
25

Other Information

Leasehold asking price:
£1,000,000 - Furniture / Fixtures included
Relocatable:
This business can be relocated.

Contact Information

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