Leasehold Chinese Restaurant For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this popular and highly regarded restaurant business in Llandudno. The Emperor Chinese Restaurant has a spacious open plan dining area with a capacity for 46 covers. The restaurant currently trades 7 evenings a week and boasts an enviable reputation for its Chinese open buffet. The business currently generates a turnover in the region of £120,000 achieving a gross profit of 70%. The restaurant has been in the careful ownership of our client since 2004 and is only now being offered for sale as he wishes to move to larger premises. There is tremendous scope to increase the turnover further as the restaurant does not offer a takeaway or delivery service and does not trade during the day. The business is further enhanced by a spacious 3 bedroom flat on the second floor, which would make ideal staff or owners' accommodation. Early discussions wioth Bag a Business Ltd are strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining length: 7 years
Review every: 3 years
Rent: £275 per week (includes insurance)

Living accommodation:

PROPERTY DETAILS 46 cover, first floor restaurant, briefly comprising GROUND FLOOR Main entrance Hallway and stairs to restaurant FIRST FLOOR Reception area Customer W/Cs Main restaurant area with: 46 covers Buffet area with hot servery and Bain-Maries Bar and sales counter with bottle chillers Cake display refrigerator Commercial kitchen with: Chinese 4 + 2 burner cooker Range Ovens Stainless steel air extraction system Stainless steel tables Commercial grade flooring Partially tiled walls Preparation area Fire escape SECOND FLOOR 2 large double bedrooms Lounge Kitchen with fitted units, cooker and dishwasher Bathroom with walk-in shower Single bedroom/office

Location:

The Emperor Chinese Restaurant is situated in a prime, highly visible trading position on Mostyn Street, within the centre of the famous seaside town of Llandudno. The premises have a prominent frontage and ample parking facilities directly outside. and are surrounded by a wealth of complementary businesses, which generate a high daily footfall. There are some wonderful beaches close by, including the award winning North Shore and the quiet sand duned West Shore. The town has a ski slope, tram car, toboggan run and many other attractions. It is easily accessible to the Snowdonia National Park and is just minutes from the A55 Expressway, linking Holyhead to Chester and the M56 motorway.

Other information

Trading hours:

7 days a week

Contact the seller