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Successful Popular Restaurant With Good Profits For Sale

Ipswich, Suffolk
Asking Price:
£199,000 Furniture / Fixtures included
Turnover:
£500,000
Net Profit:
£50K - £100K

The property is located in the center of Ipswich (population circa 130,000+), the County town of Suffolk.

The property fronts a busy centre, Ipswich's largest covered shopping centre with 420 space car park. The car park is now open 24 hours a day driving footfall to this area

This is a popular restaurant with 80 seats in the center of Ipswich town serving Chinese/English food with high turnover of around £500.000 - per annual with high profit margins.

This restaurant can be run by anybody as it is mainly English staff run and i will provide full training for the interested person until the new owner is trained up!

With low rent of £20.000 and 18 years lease left

I'm only selling due to heath reasons and the property I own overseas needs my attention!

This is a great opportunity not to be missed for someone that would like to make a good living .

Property information

Property:

Leasehold

Lease Terms:

18 yrs

Leasehold Rent:

£20,000 per annum

Location:

Town centre

Size in square feet:
1,800
Planning Consent:

a/3 restaurant

Business Operation

Expansion Potential:

Adding delivery Service / Opening Sundays could add another £35k a year

Competition / Market:

Very well established

Reasons for selling:

Health problems and overseas property needs my attention

Trading hours:

12pm-2pm 5.30- 9.45pm Monday to Saturday, closed sunday

Employees:
8
Years established:
3yrs

Other Information

Support & training:

full training and support until buyer is ready

Inventory / Stock value:
£13,000

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