Thriving Royal China Restaurant in Malton for Sale, Fully Equipped with Huge Growth Potential
Malton, North Yorkshire
- Status
FOR SALE
- Advert ID
627390
- Reference
B08619 / Rightbiz
- Call Agent:
- Leasehold: £50,000
- Turnover: £216,000 (£4,154 per week)
- Profit: £32,600 (16% Profit margin)
Business Details
Royal China Restaurant – A Thriving Chinese Cuisine Hotspot in Malton!
BusinessPlease quote reference B08619
Looking for a sizzling business opportunity?
CoGoGo presents Royal China Restaurant in Malton which is now available for takeover!
This well-loved Chinese eatery has been serving up mouthwatering dishes for 3 years, earning fantastic reviews and a loyal customer base. If you're looking for a business that's already thriving, with room to grow, this is it!
Why Royal China?
- Prime Location - Situated in the heart of Malton, easily accessible for locals and visitors.
- Strong Online Presence - Active on Instagram, Facebook & Just Eat, ensuring steady online orders and engagement.
- Fantastic Reputation - Highly rated Google Reviews, with a loyal following and repeat customers.
- Turnkey Business - Fully equipped and ready to go from day one!
- Leasehold - 12 years remaining - Secure and long-term growth.
- Turnover - £216,000 - A profitable operation with potential for even more growth.
- Huge Potential - Expand the menu, increase delivery partnerships, or introduce special dining events!
If you're ready to step into a thriving food business with an existing customer base, this is your chance.Â
Don't miss out on this golden opportunity to own one of Malton's favourite Chinese restaurants.
Get in touch today!
Location
Royal China Restaurant is located at 39-41 Commercial St, Norton, Malton, YO17 9HX.
Premises
Royal China Restaurant occupies a spacious double-fronted premises, instantly drawing attention with its bold and eye-catching signage. Inside, the restaurant boasts a large seating area, a well-organised service section, and a fully equipped kitchen, ensuring a seamless dining experience for guests.
Tenure
This opportunity is being sold on a Leasehold basis with 12 years remaining on the lease. The current rent is £14,000 per annum.
Hours
The current operating hours are:
Monday - 4:30 pm to 9:50 pm
Tuesday - Closed
Wednesday to Saturday - 4:30 pm to 10:50 pm
Sunday - 4:30 pm to 9:50 pm
Staff
This business is run and managed by our client.
Financial Profile
This business generated a turnover of £216,000. Full financials can be made available upon request.
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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.
Be safe, use a Rightbiz Solicitor
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