Modern, Authentic Chinese Dining based in South Wales

Abergavenny, Gwent
REF: R06981

Asking Price:
£59,000
Annual Turnover:
£225,786
Annual Net Profit:
£31,622
REF: R06981

Overview

Tenure:
Leasehold
Established:
2011
  • Well-Established
  • Wide Variety of Delicious Dishes
  • Large Premises in an Ideal Location
  • Trip Advisor Certificate of Excellence 2016/2017
  • Huge Scope for Further Growth

This is a superb opportunity to acquire a well-loved restaurant with a wide variety of delicious Chinese Oriental cuisine in Abergavenny, South Wales. Loyal customers visit the restaurant regularly to immerse themselves in the extensive menu or order from their popular takeaway service.

Established in 2011, the business is thriving in design and decoration, giving the customers the feel of a unique and enchanting dining environment. Serving delicious menus Wednesday – Sunday, the restaurant caters for inside dining, takeaways, Sunday lunch and even an all-you-can-eat-buffet!

The restaurant resides in a prime location with huge potential to expand. With 5-Star reviews online, the owners boast a fantastic reputation garnered over 8 years of experience, making the business a superb investment for the right buyer. Given its affluent infrastructure, the restaurant attracts high-quality customers like professionals, families and the retired. Their extensive service features on websites such as TripAdvisor, Food and Drink Guides and Eat Out Vegan Wales.

As you approach the business, customers witness a three storey, attractive and traditional stone building with a slate roof. The property accommodates dining on two floors. Downstairs has 40 covers with an impressive bar and kitchen. Upstairs there is extra seating for another 25 people, usually occupied by group bookings/functions.

The restaurant is renovated to a very high standard throughout, with traditional oriental décor adding to the authentic experience. The second floor provides accommodation for owners or staff, occupying 3 bedrooms, a lounge, bathroom, which are all currently used as storage. Outside there is a front lawn and terrace which the new owner could incorporate seasonal outdoor seating.

All equipment is included in the sale.

The current owners are willing to discuss a transitional period to help familiarise the new owner to the business operations.

This is a superb opportunity to invest in an authentic catering service, which is sure to spark interest from prospective buyers. Ideally, this business would suit a present owner-operator who is a principal chef. The new owner would need experience in producing authentic Chinese food, business-minded and willing to invest in taking this lucrative business to the next level.

To grow the business, the new owner could consider opening longer hours, expanding their takeaway service by advertising on websites such as Just Eat and Deliveroo. The new buyer could also make use of the outside space, adding more seats and introducing special events every month. Other than their own Facebook page and website, the business has garnered its sterling reputation by word of mouth and passing trade. Therefore, more local marketing could be enforced and in time, updating their online presence.

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  • Market town location
  • Tourist destination
  • Area of outstanding natural beauty
  • Other businesses nearby
  • Public transport access
  • Main roads nearby
  • Car parking nearby
Rent
£26,208
Rates
£4,000
Lease Term
20
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
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Management Structure
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Number of Employees
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