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Profitable Chinese Restaurant And Take-away In Banbury For Sale

Banbury, Oxfordshire, UK
Asking Price:
£300,000
Turnover:
£500,000
Net Profit:
Available on request

Welcome to an exceptional opportunity to acquire a highly profitable Chinese restaurant nestled in the heart of Banbury, Oxfordshire. Situated on the ground floor of an attractive red brick building along a bustling high street, this restaurant enjoys heavy foot traffic and convenient nearby parking. Boasting excellent ratings on Tripadvisor, Google, and JustEat, it has earned a sterling reputation for its delectable cuisine and excellent service.

Key features:
- Prime Location
- Strong online presence
- Diverse menu
- Exceptional reputation
- Tasteful décor
- Versatile dining options

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on an internal repairing and insuring 20 year lease from 28th December 2018 at a base rent of £14,000 per annum or 4% of turnover, whichever is higher, exclusive of rates.

Subject to the status of the ingoing tenant it should be noted that the landlord may require payment of a rent deposit equivalent to 3 or 6 months’ annual rental to be held for the duration of the tenant’s occupancy. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Located on the corner of a busy high street.

Premises Details:

Ground floor retail lockup.

Size in square feet:
1,695

Business Operation

Reasons for selling:

Owners retirement.

Years established:
20