For Sale
Extremely Well Established Chinese Restaurant For Sale
Carmarthen, Carmarthenshire
- Asking Price: £64,995 +SAV
-
Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £126,000. Further financials can be made available upon further request.
- Tenure: Leasehold
Please quote reference B07162
Hilton Smythe are delighted to welcome to the market Sai Wu Restaurant, a highly rated Chinese restaurant in Carmarthen, Carmarthenshire.
Sai Wu Restaurant was established by our client in 1988, building up an excellent reputation during its time of trading. As seen by some online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the open market due to our clients desire to retire.
As part of their evolving menu, they put a fresh spin on Chinese restaurant and take-away dishes, alongside familiar classics they introduce new dishes using only the best of ingredients, traditional spices and flavorings.
They try to create the traditional Chinese eating experience where family and friends meet, relax and enjoy each other’s company while eating the tastiest of dishes.
Key selling points -
- Alcohol licence in place - no time limit.
- Covers 40
- Really good staff in place
- Turnkey business opportunity
- Increase trading hours - currently only open 5:30pm - 9:30pm Friday, Saturday & Sunday.
- Push advertising/marketing
- Leaflet drops
The business is run and managed by both clients, with the help of 4 delivery drivers, 3 front of house & 1 kitchen staff.
The current trading hours are (Can easily be extended) -
Monday - Closed
Tuesday - Closed
Wednesday - Closed
Thursday - Closed
Friday – 5:00pm – 9:30pm
Saturday – 5:00pm – 9:30pm
Sunday – 5:00pm – 9:30pm
Sai Wu Restaurant is located on Water Street, in Carmarthen, Carmarthenshire.
The business has eye catching signage and receives high levels of footfall and passing trade.
Occupies a double fronted premises in the town centre.
Ground floor -
- Restaurant 40 covers
- Bar area
- Commercial kitchen
Our clients own the freehold. The first floor is currently used as storage, but could be a self contained flat. The 2nd floor is a 2 bed flat, that is optional in the lease or could be rented out seperately.
Tenure
We are advised that the business is being sold on a Leasehold basis.
As our clients own the freehold, a lease to be negotiated with the new buyer. The rent is £18,000 per annum.
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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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