Profitable, Established Chinese Restaurant in Sheffield, South Yorkshire Up for Sale
Sheffield, South Yorkshire
- Status
FOR SALE
- Advert ID
620230
- Reference
B08299 / Rightbiz
- Call Agent:
- Leasehold: £29,999
- Turnover: £120,000 (Ā£2,308 per week)
- Profit: Not Applicable
Business Details
Profitable and Established Restaurant For Sale
BusinessPlease quote reference B08299
CoGoGo presents an exciting opportunity which has arisen to acquire Han Restaurant, a highly profitable and well-established dining spot specialising in authentic Chinese cuisine, located in the vibrant and sought-after West One Plaza, Sheffield.
This spacious two-floor establishment is known for delivering an exceptional dining experience, combining traditional Chinese dishes with a modern, inviting atmosphere. With strong daily footfall, steady passing trade, and a loyal customer base, Han Restaurant is perfectly positioned in the heart of Sheffield's bustling city centre.
Restaurant Layout & Features
Ground Floor:
The ground floor of the restaurant features a kitchen and bar area, accompanied by seating for 65-70 guests. This setup provides a lively, welcoming environment, creating a unique dining experience.
First Floor:
The first floor offers an exclusive setting with private dining rooms and karaoke booths, making it an attractive venue for special events, celebrations, and corporate gatherings. The private booths can accommodate 8-20 people per booth, providing a tailored experience for groups seeking entertainment alongside fine dining.Ā
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Total Assets:
The business includes assets worth Ā£15,000, consisting of high-quality kitchen equipment, furnishings, and karaoke sound systems, all of which are in excellent condition.
Business Potential
Han Restaurant is already a profitable venture, but it holds even greater potential for growth and expansion:
- Extended Opening Hours: By extending the restaurant's current hours of operation, there is potential to capture more breakfast or late-night customers, especially from Sheffield's nightlife scene.
- Delivery & Takeaway Services: Expanding into delivering services via platforms like Deliveroo or Uber Eats could dramatically increase revenue by catering to Sheffield's growing demand for high-quality food on the go.
- Marketing & Social Media Presence: A strong digital marketing strategy, including an enhanced presence on social media, could attract more customers, particularly students and young professionals in the area.
- Corporate & Event Catering: There is an opportunity to grow the business by offering catering services for corporate events, local businesses, and parties, taking advantage of the nearby office spaces and business hubs.
For more details or to arrange a viewing, please contact us today!
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Location
Situated in West One Plaza, one of Sheffield's busiest areas, Han Restaurant benefits from being in a prime location surrounded by offices, shops, residential apartments, and entertainment venues. The high level of foot traffic throughout the day ensures a constant flow of potential customers, both from the local community and visitors to the area. This is an ideal location for both lunch and dinner service, capitalising on the proximity to businesses, university campuses, and nightlife spots.
Premises
The ground level features an open-concept kitchen and bar area, along with a seating capacity for 65-70 guests. This arrangement creates an energetic and inviting atmosphere, enhancing their dining experience.
Upstairs, the first floor offers a more exclusive setting, with private dining rooms and karaoke booths. This makes it a popular choice for hosting special events, celebrations, and corporate functions. Each booth can accommodate between 8 and 20 guests, offering a customised experience that combines entertainment with upscale dining.Ā
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Tenure
This opportunity is being sold on a Leasehold basis with 10 years remaining on a 20-year lease.
The current rent is Ā£44,000 per annum.
Hours
The current operating hours are:
Monday to Sunday - 11:00 am to 9:00 pm
Staff
The business is run and managed by our client with the help of 3 staff members.
Financial Profile
This business generated a turnover of Ā£120,000. Full financials can be made available upon further request.
Contact Agent
Listing Statistics
Advert Statistics Graph
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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 Ā£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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