Featured Brokers
CONFIDENTIAL
FOR SALE
656391
Chinese Street Food Restaurant for Sale
The premises already benefit from an established restaurant layout and infrastructure. Some cosmetic refurbishment and redecoration would allow a new operator to introduce their own concept and branding. Suitable for a variety of restaurant and hospitality concepts in a high-footfall Central/North London location.
Further business information and exact location will be provided to serious prospective buyers. Viewings strictly by appointment only. For further information & viewings,Please Email- [email protected]
Please include your full name, contact number and brief details of your hospitality or business experience
This vibrant Chinese street food restaurant, located in the bustling area of Farringdon, offers an exciting investment opportunity for aspiring restaurateurs. With an impressive 4-star hygiene rating and an engaging atmosphere, this establishment has captured the hearts of many locals. Seating is available for 24 patrons inside, and an additional 8 seats are provided in the rear yard, creating the perfect spot for enjoying a meal outdoors.
The premises, spanning approximately 420 ft², feature a single front with electric shutters, a tiled floor, and eye-catching hanging lights. For comfort, air conditioning is installed, providing both cooling and heating options. The design includes a well-organised sales counter and a modern EPOS till, which help streamline operations. The kitchen, located in the basement and measuring around 240 ft², is fully equipped with essential appliances, including a gas 8-burner cooker, three fridges, three freezers, a commercial microwave, and a deep fryer. Preparation tables provide ample space to create delicious dishes, and a conveniently located toilet includes a wash hand basin for staff use.
Financial Overview
The restaurant currently generates an average weekly turnover of £8,000, boasting a gross profit margin of approximately 65%. The owner has noted that a portion of this turnover, approximately £2,000, comes through online portals, indicating the potential for future growth. By introducing alcohol sales, new owners could further increase revenue, capitalising on the demand for such offerings in the area.
Staffing and Operations
The restaurant is presently operated by the vendor, alongside four dedicated full-time staff members. The current trading hours extend seven days a week, with lunch service from 12 noon to 2:30 pm and dinner from 5 pm to 10 pm. Notably, the establishment has a takeaway licence that allows operations until 1 am on Fridays and Saturdays. There is also strong potential to increase trading hours to meet customer demand.
Lease and Tenure
The vendor has informed us that the premises are held on a secure renewable lease granted for ten years starting in 2021, with reviews every five years. The current rent is set at £31,000 per annum, with business rates expected to be approximately £3,600 from April 2025. Notably, this restaurant has been in the same ownership since 2021 and is now being offered for sale as the owner is relocating to focus on another business venture.
Investment Details
The asking price for this attractive opportunity is £95,000, which includes the secure renewable lease, goodwill, and all fixtures and fittings. Additionally, stock will be valued and included at the time of sale. This offers significant potential for those looking for a substantial loan to support the investment.
With its prime location, excellent foot traffic, and high visibility display windows, this restaurant is ideally positioned to attract a diverse customer base. The establishment is fully fitted, operational, and maintains high hygiene standards, ensuring immediate profitability for the new owner. Nearby amenities, including shops and other commercial offerings, complement this business's appeal, enhancing its potential for growth in catering and events.
Key Features
This is a rare opportunity to acquire a thriving business in a sought-after location. With the right management and strategy, this already successful restaurant is poised for even greater success in the future.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
The data showed regarding this advert 'Chinese restaurant for sale In Farringdon ' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.