Annual Turnover £172,000 / GP - 70%
Up To 100 Covers.
PP for 7 bed Accommodation Upstairs
Potential for Growth
EPC - B
Blacks Brokers are pleased to bring to the market this long established, highly profitable, freehold Chinese restaurant in Holyhead, Anglesey.
Mandarin Royale Restaurant has been trading here on Victoria Road in Holyhead since 2011. The business currently offers seventy covers, yet is licenced for up to one hundred. The customer base is large and diverse, with loyal, local customers as well as many visitors to this area. With a food hygiene rating of 5* and many exceptional reviews on social media, google and so on, this business has a most enviable reputation. Offered for sale due to semi-retirement, this rare opportunity to purchase both a superb business and exceptional property. This opportunity will suit a new owner passionate about delivering a high standard of food and service.
The property is directly opposite the ferry terminal and overlooks the inner harbour. Close to town centre railway station, this main road location brings much passing trade. Holyhead brings much tourist trade due to its ferry connection to Ireland. Angelsey is a hugely popular all around holiday and short break destination.
This impressive, detached property is double fronted with canopy signage displayed above the main door. The lobby area entrance which leads to the ground floor waiting area houses ladies, gents & disabled toilets. There is a large, fully fitted kitchen with adjacent dry store and walking fridge and freezer rooms, all equipment is of a good quality and in working order. The restaurant area is located on the first floor and currently offers seventy covers comfortably, the décor is stylish and relaxing with tiled flooring, exceptional mood lighting and high quality fixtures and fittings. In addition to the above is a pantry with sink and handwash, storeroom. The 3rd floor, which is currently empty also has planning permission to change into 7 bedrooms and one bathroom, lending accommodation to the freehold.
To summarise, this is a great opportunity to acquire a highly profitable and well liked restaurant business in a very busy area of Holyhead. This area is well used by commuters and popular with tourists and locals. The turnover for this business is currently £172,000 per annum bringing gross profits of 70%, making this a great proposition for the right buyer. Viewings are recommended as soon as possible to appreciate this excellent business.Fixtures:
Double, Treble & Single Bottle Chillers
Stainless Steel Sink & Drainer
Fridge & Freezer
Walk In Freezer
Walk In Fridge
2 Rice Cookers
5 Front Burner, 1 Turbo and 4 Back Burner Wok Cooker
6 Burner Catering Cooker
Double Door Oven
Double Chip Fryer
3 Stainless Steel Prep Tables
Double Commercial Stainless Steel Sink
Single Stainless Steel Sink
Handwash x 2
3 Air Con/Heater Units
MON: 17:00 - 22:30
WED & THU: 17:00 - 22:30
FRI & SAT: 17:00 - 23:00
SUN: 17:00 - 22:30
Location Details: Holyhead
Leasehold Term: Rent: Freehold - Rent Not Applicable
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