Business for Sale in Norwich, Norfolk - FAMOUS CHINESE RESTAURANT - NORWICH - Freehold: £495,000

Key Information

Ref
R33409E
Type
Catering Businesses: Chinese Restaurants
Location
England: Norfolk
Tenure
Freehold
Status
For Sale
Accomodation
3 Bedrooms
Download Particulars Add to my favourites

Request Particulars

Please fill the form in below to request particualrs via e-mail for Business Ref : R33409E

Call us on 01603 280873

Probably the most famous and highly regarded Chinese restaurant in Norwich, Baby Buddha is a long established family business which has built it’s reputation by taking great pride in offering the highest quality in both food and service.

Located near the bustling city centre on Ber St. with John Lewis and other multiple retailers nearby, surrounded by new build expensive apartments as well as the many surrounding houses and apartment blocks, people come from far and wide to sample the highly regarded dim sum and Cantonese food. Popular with all demographics including students from the nearby University it attracts many Chinese patrons as well as locals.

Only for sale as the patriarch wishes to retire, this presents a rare opportunity for a new owner to build on the solid foundations already laid and take the business on the next level.

THE BUSINESS ITSELF

The business was started in 2009 and by 2011 had a turnover in excess of £400,000 p.a with the high net profit you would expect from this type of business. The premises next door were then acquired and turnover has increased by over 20% as have the costs so the net profit has remained roughly the same.

It is intended to revert the business back into the original premises with the benefit of the trading name so the new owner can enjoy the high profits without the costs and issues larger premises can create.

The vendor intends to offer a complementary food offering in the remaining space which will not be in competition with the restaurant.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

Entering off the street into a welcoming, well appointed vestibule, the inner doors then open into the restaurant which offers some 40 covers. There is an intimate atmosphere in this lovingly restored Grade II listed building, the oriental décor fusing with the modern contemporary setting. Tasteful wooden floors, full air conditioning, this offers a comfortable dining experience in which to relax and while away the time with friends.

To the rear is a bar with EPOS ordering/billing system and further back two w.c’s and the whole measures c. 800 sq. ft.

Food is served via a dumb waiter from the extensive, spotless c. 600 sq. ft. kitchens on the first floor fitted to the high standard you would expect and immaculately presented. Fully fitted with every appliance a busy restaurant of this stature should have, there is a separate prep/store room with stainless steel work surfaces and sinks. There are three ‘Angel’ wall to floor freezers and fridges.

On the top floor are three staff bedrooms, two doubles and a single, and a shower room with basin and w.c.

Copyright © EMF Group Ltd 2017 Company No: 987654321 - VAT: 111 1234 56