this well regarded chinese restaurant business has been growing fast over the past 10 years. Originally staring with a small take-away business in north woolwich, the vendor opened 2 large outlets in the enfield and woolwich in 2006. There is an opportunity to purchase the entire business portfolio as a going concern, or the individual outlets separately. The vendor invested heavily in the refurbishment, fixtures and fittings of each property to offer a modern cotemporary dining experience for all types of clientele. Both restaurants also have take away services to compliment the revenue streams. Both restaurants offer seating for around 60 customers, with the ability to handle 150-200 covers on a busy weekend service. The enfield operation is located in a busy new retail / leisure park next to a large cinema, and close to other international cuisine restaurants. The business is the only restaurant to offer chinese dining on the site, and within a 2 mile radius. The site is a magnet for a large population travelling from the north london area for an evening out. The woolwich restaurant trades on a busy high street location, and again enjoys a high footfall of local residents drawn to the offerings of the area for entertainment and leisure. The take-away in north woolwich, has been trading for over 10 years, and as such has built-up a large regular client base, and a good reputation for quality food, at reasonable rates, with fast friendly service. The business serves private individuals as well as corporate bookings and private functions. The trading name is now well known in the local communities, and they are the restaurant of choice for customers looking for the best quality food, in comfortable and well appointed surroundings, at a reasonable cost. Equipment: the business operates with full credit card facilities provided by the royal bank of scotland. In the kitchen’s there are high qaulity cooking facilities that would be expected to operate at this level. With major investment in cold-storage, air conditioning, approved ventialltion systems, 10 burner professional wok burner stoves, ovens, and all the authentic food preperation tools required by the professional staff to handle a busy operation of this size. Equipment at each restaurant is valued at circa £20,000 + customer service: the business considers simply that happy customers come back, and on that basis has maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the reach of its reputation since its inception. Key strengths: the restaurant locations, with the limited local comparable competition, and the modern fixtures and fittings represent an excellent asset and strength of the business. The trading name has become well known in the localities the business serves, as well as wider a field, due to clients travelling from far a wide to enjoy a full evening out. The business is able to appeal to all clients with a flexible menu, including value deals for the lunch and weekday trade, and an a la carte service for the more discerning clientele looking to spend more on the occasion. The take-away service are also available to gain additional revenue for the kitchen facilities. Growth and expansion and opportunities: with further promotion, and continued trading, the business is ready to expand further and accommodate a full service every night. There is room to promote the offerings for private functions, and to expand on some of the partner deals in place to drive more traffic to the front door. The brand is now well, established, and the obvious next route is to expand into home deliveries and other territories. There has been some corporate bookings in the past. With the large business community close to both current locations this could be grown with some focused marketing.
| Ownership: |
no |
| Lease: |
yes |
| Lease terms: |
Not Disclosed |
| Location: |
North Woolwich
The take-away, is a small premises, with a 3 bedroom flat above, currently used as staff accommodation. There are 19 years remaining on the lease, which is approximately £7,250 per annum, with business rates of around £6,000. The Take-away has been refurbished, with a new service counter. The kitchen is well kept, and has all the facilities required to provide a quality service.
Enfield
The restaurant occupies approximately 150 square meters, and is located in a busy leisure park, with car parking for over 1000 vehicles, and a cinema on-site along with other leisure and dining facilities. The restaurant currently has seating for 60, with a fully licensed small bar / service area, reception seating for take-away service, and a large screen projector and audio fixtures. There are well finished male and female toilet facilities. The Kitchen is large and roomy, with room for 3 chefs to work comfortably. The business is located close to one of the main arteries into North London, and the leisure park appeals to a high density population catchment area.
The lease is for 20 years, with around 17 years remaining. The annual rent is circa £35,000, business rates are circa £17,000.
Woolwich
The restaurant is located on a busy high street close to the Woolwich DLR station. Of a similar size to the Enfield operation, the site can also accommodate around 60 seated diners, with licensed bar facilities, and high quality modern fixtures and fittings through-out. Again the Kitchen is well proportioned, with areas for cold-storage, food preparation and cooking. The facilities are modern and well maintained, with exceptional levels of hygiene and cleanliness.
Again the lease was originally taken for 20 years, and has 17 years remaining. The annual rent is around £25,000, with business rates circa £8,000.
Both premises have CCTV through-out, and are fully alarmed. |
