Thriving Restaurants In Spalding | | Spalding Lincolnshire | | Chinese and Steak House Restaurants Spalding, Lincolnshire T/O: £600,000 GP: 69% Scope to increase turnover Loyal customer base High turnover Well-equipped 2 separate restaurants | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62223
ADVERT IMPRESSIONS : 7,070 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Chinese Restaurants | | SALE: | Agent Sale | FREEHOLD: | £840,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
China 88 & Bootleggers Steak House occupies substantial corner premises, ideally located in the town centre of Spalding, Lincolnshire. The premises benefit from ample public parking in the vicinity and are surrounded by a variety of complementary shops and businesses. There are a number of bus routes serving the area and the railway station is within easy walking distance. The business boasts easy access to the A-road network including the A16 and A151. Spalding is a mainly residential town famous for its annual flower parade. Boston is approximately 15 miles away and Peterborough is less than 17 miles to the east.
Business History
Preferred Commercial is delighted to offer for sale these busy restaurants, which were established by our client in 2008 and are only now offered to the market due to our client's other business interests. The premises are well-equipped to suit the trade with 2 separate restaurants and 2 commercial kitchens set over the ground and first floors. Both restaurants have excellent reputations and enjoy much repeat trade and word of mouth recommendations. Our client offers both a Chinese restaurant and a steak house, each serving high quality lunch and evening menus, along with a good selection of beverages. The premises have recently been completely refurbished and have been finished to a high standard. The restaurants trade 6 days a week and generates a turnover in the region of £600,000 per annum with a gross profit of 69%. We feel this could be further increased by establishing a takeaway and delivery service. This is an ideal opportunity to acquire 2 busy restaurants with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £600,000 approx.
GP: 69%
Opening Hours
China 88
Tues - Fri: 12:00pm to 2:15pm and 5:00pm to 9:30pm
Sat: 12:00pm to 9:30pm
Sun: 12:30pm to 8:00pm
Bootleggers
Tues - Thurs: 5:00pm to 10:00pm
Fri - Sat: 12:00pm to 2:15pm and 5:00pm to 10:00pm
Sun: 12:00pm to 8:00pm
Accommodation Details
Substantial 2-storey premises containing 2 separate restaurants. Briefly comprising:
Ground Floor
• China 88 restaurant area with tables and chairs for up to 90 covers, large self-service buffet area, bar with 2 points of dispense and 2 x drinks refrigerators
• Commercial kitchen with a range of fitted units and equipment
• Laundry room with washing and drying machines
• Disabled WC with wash hand basin
• Walk-in freezer
• Walk-in refrigerator
First Floor
• Bootleggers Steak House restaurant with separate entrance fron the street
• Restaurant with tables and chairs for up to 70 covers, buffet area, feature fish tanks and bar
• Commercial kitchen with a range of fitted units and equipment
• Disabled WC with wash hand basin
• Gents WC with wash hand basin
• Ladies WC with wash hand basin
External
• Rear yard with road access
• Storage container with racking and shelving to suit
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2393 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
