Business for sale

Business description

An excellent opportunity to acquire through The Business Partnership a substantial and recently refurbished fast food take-away combined with a modern, exciting themed restaurant/function room.

The business comprises daytime café and lunch menu together with a lively concept of themed evening functions for parties, business events, university nights,other special occasions. This is operated along side a busy Chinese take-away.

The premises comprise three function rooms which can cater for parties up to 70 people. The rooms are themed around a relaxed Karaoke party concept with high quality sound systems, computerised Karaoke systems and a mixed Oriental Chinese, Malaysian, Thai and Singapore Menu. The premises are fully licensed, with an entertainment license to 3.30am (of which there are only a handful in this area).


GENERAL INFORMATION

Years established: 2
Employees: 3 full time + casuals
Trading hours: 12am to 3am potentially

Lease terms
Approximately 15 years remain of a lease at current rent payable of £15,000 per annum. Rates payable are currently just over £3,000pa.

Living accomodation
Large 4 bed home

Location
Busy retail and leisure area of the city.

Competition / Market
non in immediate vicinity

Reasons for selling
Family commitments