Located in a strong trading position on South Street, Lancing, this well-established Chinese restaurant and
takeaway occupies a prominent position within the town’s principal commercial area. South Street links
Lancing’s railway station and village centre with the seafront, helping to generate a consistent flow of local
residents, shoppers, commuters and visitors throughout the day. The surrounding densely populated
residential catchment, together with nearby retailers, services and convenient access to the wider coastal
road network, makes the location well suited to both takeaway and dine-in food operators. Lancing railway
station is also located on South Street, providing regular rail connections along the coast and towards
London. Having traded successfully from the site for the past 17 years, the business benefits from an
established local customer base. The premises also include a self-contained three-bedroom flat, offering
accommodation for an owner-operator or the potential for supplementary income through subletting.
- Asking Price:
- £95,000
- Turnover:
- £260,000
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
The entire premises will be held on a new 12 year full repairing and insuring lease at a commencing rental of £28,000 per annum. Upward only rent reviews to
take place every 4 years.
- Leasehold Rent:
-
£28,000 per annum
- Location:
-
Located in a strong trading position on South Street, Lancing, this well-established Chinese restaurant and takeaway occupies a prominent position within the town’s principal commercial area. South Street links Lancing’s railway station and village centre with the seafront, helping to generate a consistent flow of local residents, shoppers, commuters and visitors throughout the day.
- Premises Details:
-
The business is presented in good condition throughout and represents a turnkey
opportunity for an owner-operator. The customer area provides seating for approximately 30 covers, with a drinks preparation area to the rear of the dining space. Separate ladies’ and gents’ toilet facilities are also available. To the rear is a fully fitted commercial kitchen,
equipped to a high standard and benefiting from a regularly cleaned and maintained extraction system. The kitchen includes a four-wok cooking station, separate preparation and washing-up areas, and a range of fridges and freezers. Additional dry storage and further freezer facilities are provided within the garage to the rear of the property.
- Energy Performance Rating:
- C
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Wednesday to Monday, from 4.00pm
until 10.30pm.
- Employees:
- vendor on a full-time basis, assisted by two full-time chefs, one part-time chef and one full-time front-of-house team member. In addition, three part-time delivery drivers support the takeaway operation.
- Years established:
- 17
