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Exciting Restaurant In Bristol City Centre For Sale

Bristol, Somerset, UK
Asking Price:
£100K - £200K Furniture / Fixtures included
Turnover:
£500K - £1M
Net Profit:
£250K - £500K

*Exciting Business on Iconic Park Street, Near University of Bristol For Sale*


Don't miss this unique opportunity to acquire a diversified business in a prime location.

*Well-Established Presence:* 

More than a decade of successful operation, with a loyal customer base from both the local community and the student population.

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Premier Chinese Dining Experience Restaurant:

Established Legacy: This restaurant is recognised as one of Bristol's longest-standing Chinese dining experiences, with a legacy of culinary excellence and customer satisfaction that spans over a decade.

Spacious Dining Area: The restaurant comfortably accommodates up to 58 guests, featuring 46 internal seats and an additional 12 external seats under an elegant, automatic awning, providing a versatile dining experience regardless of the weather.

State-of-the-Art Kitchen: The kitchen is equipped with high-grade industrial automatic cooking equipment, including a large wok station, multiple stand-up fridges and freezers, and a substantial walk-in fridge and freezer.

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*This Ventures Offer:*

Strategic Location: Situated on the famous Park Street, close to the University of Bristol, it attracts a steady flow of customers.
Proven Success: Established for over a decade, the business has cultivated a strong following and an impeccable reputation.
Multiple revenue streams: An exceptional chance to own and operate a fixed location with several virtual brands on platforms, allowing for multiple revenue streams under one roof.

*Key additional information*

*Lease Assignments:* Benefit from the transfer of current leases, securing your position in this sought-after location.  

*Further details on application only.*

Property Information

Property:

Leasehold

Lease Terms:

10 years from 2023
Secured under Landlord & Tenancy Act 1954

Landlords building insurance premiums circa 4000 annual

Leasehold Rent:

£60,000 per annum

Living Accommodation:

Potentially available if required at an additional cost

Location:

Central Bristol, stones throw from University of Bristol, prime location, main high street location with strong online presence in the form of several virtual brands operating from the fixed location

Premises Details:

Located on a prominent corner plot, within a mix of multiple other food operators. Near University of Bristol that have annual enrollment of nearly 30,000 students so an almost limitless supply of potential custom

Size in square feet:
1,800
Planning Consent:

Historical A3 planning to allow restaurant catering services

Business Operation

Expansion Potential:

Prospective buyer can consider having additional virtual brands to further increase revenue.

Competition / Market:

The business has traded for over a decade and has seen many come and go. If the prospective buyer follows the same formula, it will continue to trade for many more decades

Reasons for selling:

Other business commitments. Non core and doesn't align with our expansion plans.

Trading hours:

Monday Closed
Tuesday to Friday 11-10
Saturday and Sunday 12-10

Employees:
6
Years established:
13

Other Information

Support & training:

Prospective buyer will be given a full operations manual

Furniture / Fixtures value:
£50,000 - included in the asking price
Inventory / Stock value:
£15,000
Relocatable:
This business can be relocated.