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AC319-Pan-Asian Cuisine Restaurant Nusa Dua in superb location with 60 Covers

Asking Price: GBP 150000
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Business Location: United Kingdom » City of London » Central London 
Category: Food » Cafes & Restaurants
Description:
Pan-Asian Cuisine Restaurant Nusa Dua in superb location with 60 Covers
Offered for sale
Ref No: AC319
Location: Central London
Leasehold
Asking price: £150,000

There has been a Singapore Chinese Restaurant trading on the premises of this business for a number of decades. In 1991 new owners took over the restaurant, and in 1996 they handed over the operation to their daughter and her husband who have been running the operation since. For the last 20 years the restaurant has been trading with a Pan-Asian cuisine focused on Indonesian and Thai foods. Although the quality of the authentic dishes is of the highest order, the pricing is of a reasonable level which appeals to budgets of all levels. The restaurant is split over two floors on a prominent corner position, with the flexibility to have 60 covers at any given time.

The restaurant in particular has exceptional levels of on-going trade on a daily basis, not just because of the lengthy reputation for quality and the incredible levels of passing trade with one of the busiest shopping districts in the world close by, but also because the vendors of the business has built excellent relations with local business and embassies. They also have contracts in place with international travel agents such as Kuoni who recommend the restaurant to the travellers visiting London as a destination restaurant.
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 400000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: na
Year Established: 1991
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 8
No of trading hours: Monday – Saturday:12:00 noon – 12:00 pm; Sunday: 12:00 noon – 10:00 pm
Reasons for selling:
 The husband and wife vendors are looking to retire from their business, and enjoy a different work / life family balance.
Market competition and expansion:
 The restaurant has conducted some advertising in ‘Time-Out’ London over the years, however the majority of trade comes from ‘word of mouth’ recommendations and the extensive list of connections with local businesses, embassies and international travel agents.
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