Businesses For Sale > Business For Sale in Holland Park, West London, UNITED KINGDOM - UK (UK)

AC236 -Holland Park, West London- Ł350,000-Chinese Restaurant and Take-Away for sale in Holland Park, West London, UK

Holland Park, West London, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 350,000	£ 500,000	Undisclosed

Business Summary:
Chinese Restaurant and Take-Away Ref.AC236 Location Holland Park, West London Asking Price Ł350,000 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. The restaurant was also one of the first to offer a high quality comprehensive buffet service at lunch, which they started some 16 years ago.

Year Business was Established: 1975

Number of Employees: 9FT/4PT

Facilities / Terms of Lease: The premises are Leasehold. The 20 year lease was renewed in 2008 on favourable terms of annual rent circa Ł45,000. The rates are approximately Ł24,000 per annum The site covers around 2,500 square feet, with a large seating area, kitchen and plentiful storage space.

Potential Growth/Expansion: N.A.

Competition: 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.

Owner willing to train: Full support and training will be provided to the successful purchaser.

Reason for selling: After many successful years in the trade the owner wishes to retire and enjoy time with his family located across the globe.

Seller Reference Number: AC236
BusinessMart.com Listing Number: 72579

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