Thriving Oriental Buffet Restaurant Business On Prime High Street Location, Next To Busy Cinema Complex. | | Slough Berkshire | | Prime High Street location, next to busy cinema complex and below office buildings. Excellent local reputation, 300 seater Oriental Buffet Restaurant & takeaway. Good foot flow in middle of busy shopping square. Bar & takeaway & function room. Lease to let or rent Thriving Oriental Buffet Restaurant Business On Prime High Street Location, Next To Busy Cinema Complex. is located in Berkshire. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52070
ADVERT IMPRESSIONS : 9,735 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Chinese Restaurants | | SALE: | Private Sale | ASKING PRICE: | £390000 | ANNUAL RENT: | £128000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | RESTAURANT
-300 seater restaurant, fully operational self service buffet with separate takeaway and function room.
- Licensed bar with beer cellar.
- 4 self service counters offering authentic oriental cuisine
- Restaurant covers 2 floors, fitted kitchen in basement and large basement room.
- Currently open 7 days per week 12 – 3pm and 5:30 – 11pm.
- 10 year history with excellent local reputation.
- Restaurant bar & service area recently refurbished.
REASON FOR SALE
- Owner wishes to retire, due to illness, and return home.
- The owner attends for circa 35 hours per week and is prepared to work with a new owner to ensure a smooth transition and give the necessary introductions to the staff.
Exceptional scope for profit generation:
- Offering a home delivery service
- Landlord is keen for owner to extend licensing hours and run disco (restaurant was formerly a bar restaurant with disco, there is a dj booth and layout can be adjusted to accommodate dance floor)
- Al fresco dining which would attract office crowds during the Summer
- Large basement room, underutilized, use to be hired to local companies / organizations for events(must be seen to see potential)
- Promoting the function room for corporate events/weddings etc
FINANCIAL
- Business turnover £20 – £28K per week. 10% takeaway.
- Accounts will be made available to interested parties after a viewing has taken place.
- Please let us know if you require finance for the purchase of a business.
LEASEHOLD
- Original lease: 25 years
- Remaining lease: 15 years
- Review every: 5 years (last one 2008)
- Rent: £128, 000
- Annual business rates are currently: £60, 000
PREMISES & EQUIPMENT
Ground floor lock up premises which are extremely well presented throughout and which briefly comprise:
- Double fronted doors from pavement
- Reception area with water fountain
- Takeaway servery to right of entrance
Bar
Main restaurant seating area with approx 300 covers
- Rear function room with circa 20 covers
Basement
- Spacious kitchen which is fully equipped for purpose, including 7 burner wok cooker, 4 ring gas burner, 2 x double deep fat fryer, 2 microwaves, large stainless commercial dishwasher, walk in fridge/freezer, standard and double chest freezer, ice cream freezer, 3 twin stainless sink with single drainer, rear washing up sink, staff w/c and side large dry store
Large basement room currently used for storage
- Male, female and disabled w/c
The premises benefit from red car alarm system, being fully air conditioned and with a 4 camera CCTV system.
There is extensive customer car parking above in the shopping centre.
LEGAL COSTS
Each party is responsible for their own legal costs.
VIEWING
By appointment only. | | | | | | FOR SALE | | | | | REFERENCE: | 52070 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
