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Leasehold Chinese Restaurant And Takeaway Located In Hayle For Sale

Hayle, Cornwall, UK
Asking Price:
£99,950 Furniture / Fixtures included
Turnover:
£304,619
Net Profit:
Available on request

Leasehold Chinese Restaurant & Takeaway located In Hayle. Prominent high street location. Highly profitable business.

Veritas Business Sales are delighted to offer for sale this respected Chinese Restaurant & Takeaway which is located in Hayle. This restaurant has been operating for the last 18 years and has been in the careful hands of the current owners for the past 3 years and is now being offered for sale due the owners needing to relocate.
Since ownership the property has been kept in good order and there has been continual investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Eastern Empire is owner operated with the help of 3 full time and 2 part time members of staff and has an annual turnover of £304,619 producing a very high net profit. The business post covid has concentrated solely on takeaway with sales increasing year on year. The restaurant could very easily be reinstated at any time if new owners prefers.
The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase a business with further potential which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 20 years
Remaining : 17 years Rent: £18,200 pa Business rates: zero

Location:

This established Chinese Restaurant & Takeaway is located in Hayle. Situated within a prominent and highly visible trading position on Hayle high street and only 4 miles from the thriving harbour town of St Ives. Both Hayle and St Ives enjoy high levels footfall and tourism especially in summer months and produce above average levels of sunshine. St Ives was voted the best holiday destination by Coast magazine and is listed in TripAdvisor's top 10 European beaches

Premises Details:

Ground Floor
Entrance & takeaway (3.7m x 2.7m) with 4 customer chairs.
Restaurant (6.5m x 2.8m) with 6 tables with chairs to cover (24) and various pictures. Bar (2.7m x 3.0m) comprising: 2 tills (Epos), ticket machine linked to the kitchen, espresso coffee machine (Faema), coffee grinder (Pavoni), sink, ice machine (Polar), glass washer (Fagor), 3 door drinks fridge (Polar), 2 door drinks fridge (Eco-cool), wine fridge (Polar), various shelves and sales counter. Rear restaurant (5.6m x 3.1m) with 4 tables & chairs with covers for (16) and various pictures.
Gents W/C with 1 urinal and wash basin.
Ladies W/C with wash basin and wall mounted mirror.
Storage area (4.3m x 2.7m) comprising: stainless commercial plate warmer (4.3m 2.7m), rice warmer, soup kettle, upright freezer and 3 chest freezers.
Kitchen (9.2m x 2.8m) comprising: stainless steel commercial plate warmer, dual fryer (Lincat), 4 pot bain-marie, stainless steel shelving, 2 microwaves (De-Longhi), 5 burner Chinese wok cooker, sink with drainer, stainless steel prep table, extraction unit and soup kettle (Royal).
Pot wash area (2.9m x 1.8m) comprising: sink with drainer, dish washer (DC Series), upright freezer (Hot Point), hand was basin, rice warmer and stainless steel shelves.
Prep area (3.8m x 2.9m) comprising: sink with dual drainer, 2 rice warmers (Buffalo), 2 door large upright fridge ((Apollo), 3 door chiller unit, 2 door drinks fridge (Gamko), washing machine (Hotpoint), tumble dryer (Indesit), TV screen (Sharp) and various kitchen utensils.
Office 1 (3.5m x 2.5m). Office 2 (2.5m x 2.7m). Storage room (2.6m x 2.3m). Staff toilet (1.5m x 1.5m).

External Storage unit 1 (2.3m x 2.5m) with various shelves. Storage unit 2 (4.0m x 2.5m) with various shelves, chest freezer and upright fridge (Polar).

Energy Performance Rating:
B

Business Operation

Reasons for selling:

Relocation

Trading hours:

Monday – closed
Tuesday – Sunday – 5:00pm – 10:00pm

Years established:
18 years

Other Information

Inventory / Stock value:
£2,500

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