Hilton Smythe welcomes to the market Phoenix City (Stalybridge) Ltd T/A Phoenix City Chinese Restaurant. This superb business occupies substantial premises circa 1000sq ft, split over 2 floors and sits alongside the picturesque canal side.
This family run limited business was established by our clients in 2003 and only now is reluctantly coming to the market as our clients look towards retirement.
The restaurant offers an extensive menu of authentic Cantonese style dishes. The food is prepared by a team of highly skilled chefs with the fresh produce daily selected by our client. Both banquet and A la carte dishes are available and special dietary needs catered for, with bespoke packages available for parties. The restaurant is very well known for its friendly and personal hospitality. It is this attention to detail that has earned the restaurant's enviable reputation seeing customers return time after time
As of the 2015 accounts the business reports a very healthy turnover of £433,000 with gross profit at circa 68%.
The restaurant is stylishly decorated and can cater for up-to 140 guests and boasts a well-stocked bar. In the warmer months, the large glass doors open up onto a lovely patio area, perfect for pre-dinner drinks alongside the canal.
The business is also a destination venue for special events, the upper floor function room caters for up-to 180 guests, whilst the ground floor room, is a versatile room offering a more intimate private dining suite for 40 guests or can be extended to accommodate 80 guests or a function room for up to 120 guests.
Early viewing of this outstanding business opportunity is highly recommended, with the business coming to the market as our clients wish to retire.
TENUREWe are advised a Freehold and Leasehold option is available.
A new 15-year lease is available with terms and conditions to be negotiated.
HOURSThe business currently opens: -
Tuesday to Thursday 4.30pm till 10.00pm
Friday 4.30pm till 12 midnight.
Saturday 4.30pm till 12 midnight
Sun 1.00pm till 10.00pm
STAFFThe business is owner run and managed with the assistance of 2 full time and 15-part time members of staff.
FINANCIAL PROFILEAs of the 2015 accounts the business reports a very healthy turnover of £433,000 with gross profit at circa 68%.
Phoenix City is located in the vibrant town of Stalybridge, Greater Manchester.
Stalybridge is an up and coming town with investment in housing, schools and town centre amenities making this a popular town to live and visit. The business sits alongside the navigable Huddersfield Canal, with the train station, a popular stop off on the Transpennine Real Ale Trail just a short walk away.
The City of Manchester is around 8 miles away with the A635 and A6018 providing good road links, the circular M60 motorway is easily accessible.
Substantial premise nearly 10,000 sq ft in size.
Large open entrance with stairs to first floor and door to smoking area with roller shutter.
Reception area with waiting area for take-away meals, telephone point, card machine, printer, desk, chair and cupboard space to rear.
140 covers, carpeted, leather chairs, tables, windows overlooking the canal and air conditioning unit.
Licensed for 110 covers
Bar area with optics, beer pumps, Free of tie, 4 x Chillers, till, wine rack 10 hand pumps and soft drinks.
Toilet facilities (disabled friendly)
Spirit and wine store room
Commercial grade kitchen housing: -
Gas ring hobs
4 deep fryers
Hoist for foods
10 ring hob for woks
Stainless steel prep area
Large chiller for salad
Large stainless steel salad bar
Table and chairs
Windows with view to canal
2 double chillers
Large upright double fridge
Wine beer spirits bottle beer
Door to store room
Door to wash up area with Hoist for meals, large industrial stainless steel sink, glass washer, hand wash and storage
Store room housing linen, crisps and plates.
Back staircase with fire escape and roller shutter.
Cellar fully pumped with storage.
There is parking for 5 cars with further parking available in the town centre.