Business Summary:
‘All you can eat’
Oriental buffet style restaurant
Ref.AC220
Location Surrey
Asking Price £150,000
Established in September 2006, and ideally located in a modern, recently opened leisure development in the centre of one of Surrey’s busiest towns, in just a short period of time, this business has developed a loyal following for its buffet style oriental cuisine.
This business operates on an ‘eat as much as you can’ basis. The price per head for unlimited access to the buffet varies based upon time and day with customers selecting from over 40 authentic dishes varying from Chinese, Thai, Malaysian and Japanese cuisine, all carefully prepared using the highest culinary expertise - combining select fresh ingredients, freshly ground herbs and spices with traditional methods of cooking, to create an array of mouth-watering tastes.
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| Year
Business was Established: 2006 |
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| Number of Employees:
10FT/1PT |
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| Facilities / Terms of Lease:
Situated on the first floor of the development, the premises are slightly less than 5,000 square feet in area and were secured on a 25 year lease in November 2004. Rent is £124,000 per annum with an additional Service Charge of £5,500 per quarter. Rates are £46,000 per annum.
The restaurant has space for 140 covers in total plus the Buffet serving area and an additional Tapanyaki area. |
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| Potential
Growth/Expansion:
N.A. |
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| Competition:
The business has invested effectively in advertising to date, often in conjunction with the Centre to increase awareness and footfall using local press and magazines as well as advertising media in another leisure centre within the town.
The business has built excellent relationships with the local student community participating in the student discount card scheme. |
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| Owner
willing to train:
A full period of training, handover and familiarization, as appropriate, will be provided to ensure a smooth transition to new ownership. |
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| Reason for selling:
Having established the business, the Owner believes the time is right to pass it on to new Owners to build on the excellent foundations already laid. |
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Seller Reference Number: AC220
BusinessMart.com Listing Number: 67465 |
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