Top Rated Chinese Restaurant in Carmarthen Carmarthenshire for Sale
Carmarthen, Carmarthenshire
- Status
FOR SALE
- Date Submitted:
11/01/23
- Advert ID
506238
- Reference
B07162 / Rightbiz
- Call Agent:
- Leasehold: £44,995
- Turnover: £126,316 (£2,429 Per week)
- Net Profit: £16,487 (14% Profit margin)
Business Details
Extremely Well Established Chinese Restaurant For Sale
BusinessPlease quote reference B07162
CoGoGo are delighted to welcome to the market Sai Wu Restaurant, a highly rated Chinese restaurant in Carmarthen, Carmarthenshire.
Sai Wu Restaurant was established by our client in 1988, building up an excellent reputation during its time of trading. As seen by some online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the open market due to our clients desire to retire.
As part of their evolving menu, they put a fresh spin on Chinese restaurant and take-away dishes, alongside familiar classics they introduce new dishes using only the best of ingredients, traditional spices and flavorings.
They try to create the traditional Chinese eating experience where family and friends meet, relax and enjoy each other’s company while eating the tastiest of dishes.
Key selling points -
- Alcohol licence in place - no time limit.
- Covers 40
- Really good staff in place
- Turnkey business opportunity
- Increase trading hours - currently only open 5:30pm - 9:30pm Friday, Saturday & Sunday.
- Push advertising/marketing
- Leaflet drops
Location
Sai Wu Restaurant is located on Water Street, in Carmarthen, Carmarthenshire.
The business has eye catching signage and receives high levels of footfall and passing trade.
Premises
Occupies a double fronted premises in the town centre.
Ground floor -
- Restaurant 40 covers
- Bar area
- Commercial kitchen
Our clients own the freehold. The first floor is currently used as storage, but could be a self contained flat. The 2nd floor is a 2 bed flat, that is optional in the lease or could be rented out seperately.
Tenure
We are advised that the business is being sold on a Leasehold basis.
As our clients own the freehold, a lease to be negotiated with the new buyer.
Hours
The current trading hours are (Can easily be extended) -
Monday - Closed
Tuesday - Closed
Wednesday - Closed
Thursday - Closed
Friday – 5:00pm – 9:30pm
Saturday – 5:00pm – 9:30pm
Sunday – 5:00pm – 9:30pm
Staff
The business is run and managed by both clients, with the help of 4 delivery drivers, 3 front of house & 1 kitchen staff.
Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £126,000. Further financials can be made available upon further request.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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