Fully Licensed Chinese Restaurant & Carry Out For Sale

Business description

This restaurant offers an incredible range of mouth watering 100% authentic Chinese delicacies and dishes, and benefits from being fully licensed for the retail of wines, beers and spirits. The extensive restaurant premises are modern, well equipped and beautifully decorated, the atmosphere is warm, friendly and inviting and the service for eating in and take away is excellent.

The business is easily managed, long established and in a superb, convenient location just fifteen minutes from the city centre. The ground floor of the restaurant has comfortably spaced seating for approximately 80 customers at any one time, while the first floor comprises a private and popular function room, which caters for up to 35 people and provides an excellent facility for group dinners.

Property information

Property:

Leasehold

Lease terms:

The premises are leasehold with a 20 year lease from February 2007, and rent reviews every five years. Annual rent is £35,000 per annum for the ground and first floor. Rates are £10,000 per annum.

Location:

The recently refurbished premises are spacious, well laid out and tastefully presented, superbly equipped with a range of high quality, contemporary style fixtures and fittings plus a fully equipped separate bar area. The ground floor restaurant comfortably caters for approx. 80 covers and there is also a dish washing and kitchen area on this floor.

The first floor comprises the popular function room plus the main kitchen, which is well equipped to an exceptionally high standard with high quality professional catering appliances and equipment. The ladies and gents toilets are located on this floor.

The spacious living accommodation is located on the 2nd floor, with fitted kitchen, sitting room, 2 bedrooms and bathroom.

The premises are leasehold with a 20 year lease from February 2007, and rent reviews every five years. Annual rent is £35,000 per annum for the ground and first floor. Rates are £10,000 per annum.

The restaurant is in a superb location and is extremely well known in the area, occupying an excellent, prominent & highly visible trading position within close proximity to the town centre, botanic gardens and Queens University. This highly accessible area is also within walking distance of the train station.

Other information

Expansion potential:

This flourishing business represents a genuine and exciting opportunity for considerable further development by the fortunate new owner. The take away business has particularly great potential in this densely populated area. The current market outlook is excellent and the restaurant is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, leaving a fantastic opportunity for the company to increase turnover via a new owner’s commitment to marketing the business. The company currently advertises a little in the local community paper plus additional mail drops through doors. The restaurant also has an excellent website showcasing the extensive menu on offer and the superb dining environment.

Support & training:

Full support and training will be provided to the successful purchaser.

Reasons for selling:

The vendor has a young family and wishes to have more free time.

Trading hours:

Monday – Sunday: 11:00am – 2:30pm 4:30pm – 11:30pm