Chinese Restaurants for sale in West Midlands

View the "Luxury 240 Cover Freehold Restaurant For Sale In West Midlands" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Freehold Price: £1,200,000 Price Reduced Annual Turnover: £780,000 Annual Net Profit: £250,000
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Business Description
This freehold restaurant which lies between Dudley and West Bromwich is truly spectacular. It is a detached freehold premises which has a prominent location on a busy main arterial road. It lies between 2 major supermarkets and a leisure complex.

This superb freehold restaurant for sale near Birmingham was completed in August 2014 and took over 2 years to construct. It is now placed on the market as the Owners are involved in other business interests.

The business provides cuisine from all over the world buffet style, with predominantly Chinese, Indian and Continental food. It is operated by 20 staff of which 5 are part time. The Owner and his wife manage the business.

The marketing is undertaken largely through the website, with good quality SEO and leaflets distributed in the local area. The growth of the business has been exceptional as there is no other similar venue in the area. It has already won a local and quality client base.

The wow factor certainly lies in the size, presentation and finish of the premises. It represents an excellent investment and a business certain to be successful.

As part of the sale price the Owner’s would be available for an extended training period as well as consultancy to ensure a smooth handover if required.

The business operated a lunchtime service from 12 pm to 3 pm (except for Monday and Tuesday lunchtimes), and a 7 day evening service from 6pm to 11 pm

The present annual turnover of the business is £780,000 with an EBITDA of approximately £250,000 pa. There is potential to double the turnover within the next 3 years which would yield a potential net profit of £500,000. The total value of the equipment is well in excess of £80,000.

The ground floor consists of a large service area and 120 covers. The property is new and is finished to an exceptional standard with many imported features. It must be viewed! There is a bar area and separate entrance to a fully fitted and equipped kitchen with a walk in fridge and freezer. On the first floor there are 100 covers with toilets to the side. The staircase to the first floor is spectacular.

Tenure: Freehold

Listed by: Em Pwr UK
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