Businesses For Sale > Business For Sale in Notting Hill, London, UNITED KINGDOM - UK (UK)

AC224 -Notting Hill, London-Ł85,000-Pan-Asian Restaurant for sale in Notting Hill, London, UK

Notting Hill, London, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 85,000	£ 211,000	Undisclosed

Business Summary:
Pan-Asian Restaurant Ref.AC224 Location Notting Hill, London Asking Price Ł 85,000 The business has built a superb reputation over the past 11 years of trading on a world famous road, in the fashionable Notting Hill area. With a pan-Asian oriental cuisine covering Chinese, Malaysian and other far-eastern cuisine, the restaurant is known for their quality of food and service, with sensible pricing, that appeals to all. They have established a dining package that has won rave reviews from the press and recommendation from high-profile customers alike. The restaurant has seating for 32 guests inside, and 16 guests outside in a heated and covered delightful garden area. The current décor is minimalist, contemporary and finished to a very high standard. Downstairs there is the kitchen, separate toilets and staff room. The restaurant is fully-booked on an on-going basis, with some take-away trade which could be developed further to include deliveries. The business trades from 6:45 pm to 10:45 pm nightly. The present owner holds a new 120 year leasehold / virtual free-hold on the premises. The annual rent and rates are approx Ł30,000, although the owner is open to discussions regarding the purchase of the virtual freehold. The area is in the process of setting-up a new trade association for the local businesses. This will drive even more traffic and footfall to an already busy region with events planned through-out the year.

Year Business was Established: 1997

Number of Employees: 5FT/2PT

Facilities / Terms of Lease: The premises are leasehold. Rent and Rates are circa Ł30,000. The vendor is open to discussions regarding the purchase of the virtual freehold. The business is viewed by local authority closed circuit television, and has a security grill. Full details can be provided upon completion of the Turner Butler confidentiality agreement.

Potential Growth/Expansion: This is an outstanding opportunity to build on the existing business levels and customer base of this company, backed by an excellent reputation. With a strong demand for this business’s services, a new owner who is capable of instilling fresh ideas and new marketing will have every advantage of building on an excellent platform.

Competition: The business utilises the internet with a good web presence. Advertising is kept to a minimum, as the business has grown through the best form of advertising – recommendation.

Owner willing to train: The owner currently runs the business with the assistance of his wife. The vendor will provide full training and ongoing support, as required, on all aspects of the business when the handover takes place and will ensure the successful purchaser is fully c

Reason for selling: After 11 successful and happy years in the business, the vendor is wishing to make a lifestyle change, and intending to return to his native Singapore.

Seller Reference Number: AC224
BusinessMart.com Listing Number: 68912

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