| (REF: AC323) Cantonese Restaurant - Freehold Premises with 6 Bedsits |
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| Seller Reference: |
AC323 |
| B4S Reference: |
23263 |
| Asking Price: |
£950,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£500,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Cheltenham, Gloucestershire, Gloucestershire, United Kingdom |
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This well known and extremely popular Cantonese restaurant has been trading under the same family ownership for twenty years. The restaurant has established itself as one of the best eating establishments in Cheltenham, attracting a regular and loyal clientele.
The restaurant offers the best of both worlds, there is a main dining area that is complimented by a second room that itself caters for forty covers, plus two more intimate alcoves for couples or small parties.
The glass fronted kitchen allows customers to watch the preparation of all of the dishes in the immaculate cooking area and to see the level of professionalism and experience that goes into each and every dish.
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Property: |
Freehold |
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Living Accommodation: |
No |
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The business occasionally commissions a leaflet drop to specific areas of the city and also advertises seasonal offers. The restaurant has developed its own loyalty card that has proved to be very popular and it is also a member of the exclusive “Best of Cheltenham” register. |
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There will be a full and professional handover of the business depending on the individual requirements of the purchaser.
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The managing director has been involved in running the business for twenty years and would like to sell both restaurant and freehold to allow him to fund new catering ventures. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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The company employs four experienced full time chefs and four front of house staff. At the weekends this team is supported by three part time students. |
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