Chinese Restaurants for sale in Chichester

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Established Chinese Restaurant & Takeaway

Chichester, West Sussex, England

  • Leasehold Price: £65,000
  • Annual Turnover: £200,000
Seller Reference: SMSB/CHICH
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Business Description
 
 
 
 
 
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Seller Reference: SMSB/CHICH
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Business Description
The business is both a Chinese Take Away and a licensed restaurant, with 25 covers. It delivers locally and also hosts private functions. Situated in a small seaside village, the restaurant has a long standing regular client base, but also benefits from a large amount of holiday custom from the local holiday lets and caravan and campsites. The very visible sea shack style premises is situated on the main through road to the beach front, with allocated parking bays.
Entering from the pavement frontage with large window elevation, you are greeted with a tastefully presented appointed premises which is decorated in sea faring pastel colours, and has a superb ambience.
It has a large mainly open plan restaurant with 28 covers, loose dining tables and chairs, minimalist layout, central timber over the counter, and small kitchen viewing hatch. To the rear of the building is a large, well equipped and fully fitted stainless steel commercial trade kitchen with dry stores, ancillary areas, storage and outside rear access.
The restaurant is light and airy, with lovely presentation throughout, including stripped wooden flooring and artwork and decoration in keeping with the current cuisine and culture.
No. 1 Chinese Restaurant operates from a leased premises (A3 license) with 6 years remaining on the lease, subject to a quarterly rent of £1750 via a private landlord. The business qualifies for small business rates relief and currently pays no rates. The premises is divided into a kitchen area and restaurant area, approximate 16 ft by 12 ft .
In addition to the vendor who works in the business full time, there is a head chef, a sous chef and 4-5 part-time weekend staff. The business is open Tuesday to Sunday and staff work a split shift, preparing the food during the day and then coming back in the evening for service.

Annual turnover is currently around £200,000, and the guide price for the business, to include all fixtures and fittings is £65,000. The owner will be happy to support an appropriate handover.
Please do not approach the business directly but address your enquiry to info@SellMySmallBusiness.co.uk.
Tenure:
Leasehold
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