Business for Sale Overview:
The business has been established for over 34 years, and has built-up a tremendous reputation and customer base in that time. The business prepares fresh authentic Chinese cuisine to eat in or take away. The restaurant can accommodate over 100 people comfortably within a traditional and authentic environment. There is a bar area, and lounge seating for customers to enjoy a drink before or after their meal. There is also a large wooded dance floor, which can be opened by re-arranging seating to offer a fantastic place to enjoy a special event. The business hosts major and profitable celebrations around the Chinese New Year, and is booked regularly of private celebrations.
The business is a well-known reliable name within the community, and is renowned for it’s choice of products and service. The business has served generations of the same families over the years, and many customers are true friends of the restaurant. The restaurant has little direct competition at the same level for a wide area, and as it is located close to an affluent area, west of London, and within easy reach of BBC Television studios, has had continuous celebrity and high net worth clientele. There is a major hotel in the vicinity, which brings a large slice of high value tourist trade. The business caters at the top of the market.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The premises are Leasehold. The 20 year lease was renewed in 2008 on favorable terms of annual rent circa £45,000. The rates are approximately £24,000 per annum
The site covers around 2,500 square feet, with a large seating area, kitchen and plentiful storage space.
Market Competition and Expansion:
The business is listed on top table. They also take bookings via justeat.com and hungryhouse.com, who take a 9% commission on bookings. There is minimal additional advertising at present. The business has been built on passing trade and recommendation and reputation.
Reason for Selling:
the owner wishes to retire and enjoy time
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.