**REDUCED**Esteemed Chinese Restaurant in Hampshire **Open to Offers**

Southampton, Hampshire
REF: R05878

Asking Price:
£98,000
Annual Turnover:
£600,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: R05878
Photo of **REDUCED**Esteemed Chinese Restaurant in Hampshire **Open to Offers**
Photo of **REDUCED**Esteemed Chinese Restaurant in Hampshire **Open to Offers**
Photo of **REDUCED**Esteemed Chinese Restaurant in Hampshire **Open to Offers**
Photo of **REDUCED**Esteemed Chinese Restaurant in Hampshire **Open to Offers**

Overview

Tenure:
Leasehold
Established:
2017
  • Excellent Reputation
  • Very Loyal Customer Base
  • Recently Refurbished

A superb opportunity to acquire a reputable Chinese restaurant in Southampton now presents itself to the market.
Despite its establishment only one year ago, the business has garnered a fantastic name for itself, renowned for being the best Chinese restaurant within its locality.
A new owner would benefit enormously from the restaurant’s recently refurbished premises and large customer base, helping to lead it to future success.

Through serving a wide selection of delicious and authentic Chinese dishes, the restaurant has become well-respected amongst locals and out of town visitors. Since its inception in 2017, it has rapidly gained a brilliant reputation for high quality food and attentive customer service.

Investing £240,000 into a complete refurbishment has enabled the current owners to run operations efficiently from a high quality premises. Its modern, inviting interior which flaunts white walls and ceilings adorned with Chinese prints, as well as spotlights and statement lighting, welcomes customers as they enter. The dining area seats 80 on high back soft leather chairs and tables and a brand new kitchen houses all necessary stainless steel equipment, alongside a large prep, storage and cold room with freezer.

No expenditure on advertising has allowed the business to flourish naturally through word of mouth, leading to its unrivalled reputation within the local Chinese restaurant market.

This is an unmissable opportunity to take ownership of a fast-paced, busy restaurant which has enjoyed brilliant success in such a short space of time.

Its exceptional quality of food, combined with its customer service, has led to ample repeat trade, enabling the restaurant to generate a remarkable annual turnover of £600,000 in its first year of trading.

Ideal for a current restaurant owner-operator looking for a contemporary set-up to accommodate any type of cuisine, a new owner could take steps to enhance trade.

Increased online marketing through social media and a website would enhance the business’s exposure to a wider range of customers. Introducing a delivery service via Deliveroo, Hungry House or through employing drivers would also help to increase the sales turnover.

The current owners would be willing to stay on for a transitional period of 3 months to assist the new owner with business operations.

Features

Online Presence

Website: nothing

Location

Property

Annual Rent
£39,000
Annual Rates
£24,000
Lease Term (Years)
12
Lease Expiry (Year)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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