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Restaurant In Banbury For Sale

Banbury, Oxfordshire, UK
Asking Price:
£569,950 Furniture / Fixtures included
Sales Revenue:
£191,229
Cash Flow:
Available on request

Accounts Available Year End 30th November 2018
Annual Turnover £191,229
Gross Profit £128,453
Accounts Available After Viewing
Excellent Trading Position
5 * Food Hygiene Rating
Seating For 54 People
3 Bedroom Accommodation
Scope To Increase Hours
Established 1989
Retirement Sale
EPC - C

REF 5501 – Freehold Oxfordshire Restaurant

Blacks Brokers are proud to bring to the market this freehold restaurant located in the much sought after area of Banbury, Oxfordshire.

INTRODUCTION

May Fu Two has been trading here on New Street since 1989, with our client setting up the business. In this time the business has generated a solid relationship with the locals and has very much become part of the local community.

LOCATION

Oxshott is an affluent suburban village in the Elmbridge borough of Surrey. It has links to the M25, A3 and the A243.

REASON FOR SALE

The business is only being offered for sale due to our clients desire to retire, creating this superb opportunity to obtain an established business within an affluent area.

LEASE

This sale is offered on a freehold or leasehold option – should leasehold be preferred, a new lease will be negotiated with our client.

BUILDING LAYOUT AND DESIGN

The business is situated within a large, two storey, property with significant frontage, is well branded and has large and clear signage in place. Inside, the restaurant offers an impressive 54 covers, with a large and friendly bar and servery area, catering kitchen and toilets. There is a large storeroom at the rear. All areas are well presented with tasteful décor and carpeted throughout.

The building also offers an exceptional, three bedroom accommodation on the first floor. This space also includes a very large kitchen and family bathroom. This accommodation is currently used for staff, but could be converted into a family dwelling with one of the bedrooms turned into a living room.

STAFF

The business currently has four members of staff in employment. Two full time and two part time.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates annual turnover of £204,225 with strong gross profits of approximately £142,581. Most customers are from the local area as one would expect.

SUMMARY

This business is a popular and well known, reputable retailer and it delivers impressive annual turnover. There is plenty of scope to develop the business further with additional opening and introduction of an online presence with ordering options and deliveries. There are even more income opportunities through the leasing of the first floor within this impressive and sizeable building. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Freehold

Business Operation

Trading hours:

Sun - Thu - 12pm til 2pm / 5pm til 10:30pm
Fri & Sat - 12pm til 2pm / 5pm til 11pm

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