Archived
Exceptionally Well Run & Performing Chinese Restaurant
Cockermouth, Cumbria
- Asking Price: £649,999 +SAV
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Turnover:
As of the 2020 accounts, the business generated a turnover of £332,488, with a gross profit of £238,102 and an adjusted net profit of approx £107,000.
Please quote reference B05939
- Tenure: Freehold
Please quote reference B05939
Hilton Smythe welcomes to the market an exciting opportunity to acquire, on a freehold basis, an exceptionally well run and performing, 50 cover Chinese restaurant and takeaway.
Bamboo Restaurant has been under the careful ownership of our client for over 10 years, growing the business to an impressive level with consistent turnover & with an excellent local reputation & benefiting from an alcohol licence & a 5 star hygiene rating.
The business has been placed on the open market as it’s our clients desire to leave the industry due to other business interests.
The business is run as a contemporary Chinese style restaurant. This is an upmarket restaurant that offers a range of delicious dishes.
The restaurant further benefits from having an alcohol licence in place and serves a selection of beers, wines & spirits for diners.
There is further scope to increase turnover by undertaking in a robust localised marketing campaign via local press & social media, while updating the dedicated website that is in place.
Revised opening hours could also be considered so they could potentially catch some lunchtime trade due to the busy location of the business.
Our client would be willing to offer a handover period to the purchaser, this will help the transaction run smoothly. This restaurant has very little competition around and would be a great opportunity for any purchaser with experience in the trade.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
Very rarely do businesses of this calibre come to the open market therefore, early viewings is highly recommended to avoid disappointment.
The business is currently run by our client and has 5 members of staff.
Monday – Closed
Tuesday – 17:00- 20:30
Wednesday - 17:00- 20:30
Thursday - 17:00- 20:30
Friday - 17:00- 21:00
Saturday - 17:00- 21:00
Sunday - 17:00- 20:30
The business is situated on a busy Market Place within the historic market town of Cockermouth just on the edge of the Lake District National Park.
The town itself is some 30 miles west of Carlisle, 10 miles west of Keswick & 35 miles from the main M6 motorways Junction 40.
The town is a popular tourist destination with the local area being well serviced in terms of local amenities.
The property comprises of a ground floor restaurant with 50 covers & a fully equipped commercial kitchen.
It’s situated within a grade II listed mid terraced building, with a stunning self-contained 4 bedroomed maisonette / apartment across the upper floors.
It also benefits from its own terraced gardens with attractive high level sun terrace.
A full equipment list is available on request.
Tenure
We are advised that tenure is offered on a freehold basis.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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