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AC250-Two Large Established Chinese Restaurants and a Take Away

Asking Price: GBP 500000
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Business Location: United Kingdom » City of London » North and South East London 
Category: Food » Cafes & Restaurants
Description:
Two Large Established Chinese Restaurants and a Take Away

Confidentially offered for sale

Ref No: AC250

Location: North and South East London

Leasehold
Asking price: £500,000

This well regarded Chinese Restaurant business has been growing fast over the past 10 years. Originally staring with a small take-away business in North Woolwich, the vendor opened 2 large outlets in the Enfield and Woolwich in 2006. There is an opportunity to purchase the entire business portfolio as a going concern, or the individual outlets separately.

The vendor invested heavily in the refurbishment, fixtures and fittings of each property to offer a modern cotemporary dining experience for all types of clientele. Both restaurants also have take away services to compliment the revenue streams.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
750000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: na
Year Established: 2006
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Reasons for selling:
After many successful years building this highly profitable business from scratch, the vendor is looking to concentrate on his growing import /export business which he can operate after relocating back to Beijing.
Market competition and expansion:
After the launch advertising, the business has grown through recommendation and referral mostly, with leafleting and promotion via partner deals with other business.
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