CHINESE RESTAURANT, PLYMOUTH
Price:
Leasehold - £95,000
Location:
Devon, Hoe, Plymouth
Business Type:
Food Service Businesses
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £195,000 pa with a net profit of £40,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited and is currently sub let. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving leasehold restaurant which has been established since2007. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides both a restaurant and takeaway service
Staffing
The concern employs 4 staff. 2 are full time and 2 are part time.
Owners Role
The business is currently sub let by a former employee of the company who runs the restaurant on a hand’s on basis.
Marketing
There is no marketing currently being undertaken.
Competition
This is a densely populated area very close to the center of Plymouth where there are many other restaurants.
Market
The client base consists of a large local community as well as many Chinese students from the local University
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
- Situated in the highly sought after area of Hoe in Plymouth.
- Prominent location in residential area very close to the city centre.
- Excellent parking facilities nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of mixed age groups.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with roads and good railway links.
A new 15 year lease will be issued on sale with a rent of £19,200 pa. The rates are £5,000pa.
Monday – Saturday: 12.00pm to 10.00pm
On the first floor there 6 double rooms and 2 shower rooms. All are in need of decoration as they are currently used as staff accommodation.
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|