Long Standing Chinese Restaurant

Details

Details
Business
Hilton Smythe welcomes to the market the May Fu Two Chinese Restaurant & Takeaway in Deddington Oxfordshire.

The business has been owned by the current vendor for over 30 years in which time it has built up an enviable reputation locally for quality and service and which due to retirement this rare and exciting opportunity has now become available.

The business operates both a lunchtime and evening service as well as a Sunday buffet. The site represents the opportunity for either an established operator looking for an additional site or an individual/partnership/investor looking to obtain a substantial freehold property which has successfully traded as a restaurant and takeaway for over 30 years.

The new operator could easily change the current food offering and business model to suit their requirements, the site sits on a corner plot and has access from both ends enabling the first-floor accommodation to be accessed separately from the main restaurant entrance and subject to local planning consents the property could be reconfigured to offer substantial residential accommodation as either a single dwelling or split into apartments.

This opportunity would therefore have a wide appeal to both owner operators and investors looking for a site with huge potential.

The May Fu Two offers an excellent opportunity to obtain a substantial freehold property and operational business with huge potential in a very sought-after location which is currently undergoing inward investment and further residential development.

Location
Situated on New Street in the sought-after village of Deddington just south of Banbury in Oxfordshire.

The site is easily accessible on foot and by all modes of transport being located on the main through road the A426 Banbury Road, the site has excellent access to the M40 and is easily accessible from all the surrounding villages and local road network links.

Premises
Freehold property in Deddington Oxfordshire. Main entrance to restaurant with bar servery and reception area. Main service area with 54 covers in its current format.

Fully fitted kitchen to the rear including oven/hob with stainless extractor over, stainless steel food preparation and storage units, fridges & freezers, towards the rear of the property is additional storage areas with access out to the rear, Ground Floor gents WC, corner access form the street to the first floor accommodation comprising ladies & staff WC 3 X Double bedrooms accessed from the hallway running the length of the site.

Dining/living area, galley style kitchen and family bathroom, access out onto the storeroom roof. Large freehold property with reconfiguration potential as both a commercial and residential property.

Tenure
We are advised the business is being sold as a freehold opportunity with a guide price of £579,949.

Hours
12.00-2.00pm and 5.30pm to 10.30pm Monday to Sunday the site is closed on a Tuesday (opening times may vary to suit the current vendor).

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

Financial Profile
We are advised the business is turning over in the region of £191,229 per annum.

There are currently no business rates payable.

Listing Code Wq12kVs0ztE
Business Tenure FreeHold
Listing Type Seller
Click for Contact Details
Sidney Phillips
13/08/2019 Banbury, Oxfordshire