Sold

Established Chinese Restaurant & Takeaway

Belper, Derbyshire

£45,000 +SAV

Ref: B04882

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Description

Hilton Smythe welcomes to the market the Oriental Palace in Ambergate, Derbyshire.This established Chinese restaurant business has been operated by the current vendor for over two years and has established itself as a must go to venue within the surrounding areas. Due to family commitments this rare and exciting opportunity has now become available. This open plan restaurant serving succulent oriental style dishes is an excellent opportunity for a new operator to put their own spin on the current food offering and take the business to the next level. The business is currently trading limited hours and would greatly benefit from offering a lunchtime serving and introducing a Café culture to create and build on the potential daytime trade which could be captured due to its location on the busy Matlock Road. The site benefits from its size and location having been formerly a Little Chef restaurant with 90 internal covers with the added benefit of a large car park to the rear of the site. The business model could easily be modified to offer a different style of food offering and has great potential with little surrounding competition. A rare opportunity.

Tenure

Leasehold

We are advised the business is being offered as a Leasehold opportunity with 8 years remaining on a 10 years Lease, rent is currently £15,600+vat per annum

Hours

The opening hours are currently:Tuesday to Saturday 5.00 pm to 10.00 pmSunday 12.30 pm to 9.00 pm

Staff

The business is run and managed by the current vendors with family assist.

Financial Profile

We are advised the business is currently turning over in the region of £100,000 per annum trading limited hours.There are currently no business rates payable.

Location

Situated on a corner position where the Matlock Road meets the A610 in Ambergate, Derbyshire.The site is easily accessible by all modes of transport with the benefit of being just a short drive from Matlock and the surrounding villages.

Premises

Detached property with a car park to the rear of the site, restaurant is all one level with 90 internal covers, recently refurbished throughout.Tables chairs and sofasMain barKitchen• Main cooker with stainless extractor over• Stainless preparation tables• Storage units• Cooking utensils• Fridges and freezers Ladies and gent’s WC’s

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