Restaurant for sale

Cambridge, Cambridgeshire, CB2

£349,995

Property Description

Commercial information

  • Business for sale

Key features

  • Ref:B06231
  • Leasehold

Full description

Business
Please quote reference B06231

Hilton Smythe is delighted to present to the market one of Cambridge's most well established and renowned Chinese restaurants.

The original founder of the restaurant has invested his 60 years’ experience as a chef into this very well presented restaurant opportunity. Following a number of years in other locations, our client's father moved to Cambridge in 1996 and then later relocated to this prominent site in 2011.

The ‘Turn-key’ business opportunity is now being made available for sale due to retirement and we feel any new owner will be able to continue the unrivalled reputation in this thriving city.

The restaurant offers an authentic Cantonese flavoured menu served in a very relaxed and refined environment which includes an open kitchen on the ground floor.

The sale of the busines includes a wide range of equiptment. A full breakdown can be made available upon further request.

Steeped in Chinese traditions, the restaurant welcomes diners for lunch, evening meal or to celebrate larger special occasions in its first floor dining space which can comfortably accommodate 40 people.

There are four menus available to view on its website -

  • Set dining menu
  • A la carte
  • Desserts
  • Drinks
In addition to the sit down restaurant menu is an exciting takeaway/delivery menu which is available through the delivery partner Deliveroo.

We are advised the weekly sales are normally split 70% sit down customers and 30% delivery.

The business comes with excellent reviews - 4.4 / 5 on Google and 4 star rated on TripAdvisor.

Our client admits that following the Covid pandemic, the business is being run more to suit the needs of her family. Any new owner could further increase business sales by investigating any of the following areas -

  • Extending current opening hours
  • Adding new delivery partners
  • Increasing business awareness through new social media presence
  • Offering a local loyalty discount scheme
  • Advertising the group celebration bookings
Very rarely do established restaurants of this size or location come onto the open market and we therefore strongly advise early viewing to avoid disappointment.

Key selling points -

  • Excellent trading location
  • Long renewable lease in place
  • Business accommodation over 2 floors
  • Potential to further develop the second and third floors
  • Low business rates currently payable
  • Full business handover offered
  • Trained team in place


Location
Yim Wah Express occupies a highly prominent corner trading position along Lensfield Road (A603) and Regent Street (A1307) in the centre of Cambridge.

This is one of the most desirable trading positions for this type of business, located on the main road leading from the main train station into the shopping area of Cambridge.

The restaurant is surrounded by many key footfall drivers which include Cambridge University Botanic Garden, Cambridge University & University Cricket Club, Downing College, Parkers Piece, Pembroke College, The Fitzwilliam Museum as well many busy hotels which lead from the nearby train station.

Cambridge is a historic city on the River Cam, approximately 55 miles north of London, well known around the world for its prestigious university which was founded in 1209.

The restaurant is surrounded by several car parks including the Queen Anne terrace Car Park directly facing. Pay and Display Parking bays are also nearby with most parking free after 5pm.



Premises
The restaurant is housed in a prominent Grade 2 listed building with many retained original features.

Ground floor - Comprises a 70 cover restaurant area, open plan kitchen, bar area with its own servery, 2nd main kitchen,customer and disabled toilet facilities. 

Basement - Area mainly used as storage, including walk in freezer and chiller room..

First floor - Second dining area for 40 covers, includes an additional kitchen (currently being used as storage). The roof top on the first floor can also be used as outdoor dining, subject to planning.  

Second floor - A number of rooms used for staff relaxation, storage and office space. Again, subject to planning, this could also be converted to living accommodation. 



Tenure
We are advised that the business is being sold on a Leasehold basis, with 12 years remaining on the 15 year lease. The rent is £4,000 per month & has £5,000 rates payable as of 2021 - 2022. 



Hours
The business hours are - 

Monday – 11:30am – 2:30pm & 5:00pm – 9:30pm
Tuesday - Closed
Wednesday – 11:30am - 2.30pm & 5:00pm – 9:30pm
Thursday – 11:30am – 2:30pm & 5:00pm – 9:30pm
Friday – 11:30am – 2:30pm & 5:00pm – 9:30pm
Saturday – 11:30am – 2:30pm & 5:00pm – 9:30pm
Sunday – 11:30am – 2:30pm & 5:00pm – 9:30pm



Staff
We are advised that the business has 5 full-time and 1 part-time staff members. 



Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £755,000, with an adjusted net profit in the region of £145,000. Full financials can be made available. 

Please quote reference B06231




Nearest stations

  • Cambridge (0.6 mi)
  • Cambridge North (2.2 mi)
  • Shelford (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299078 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Cambridge (0.6 mi)
  • Cambridge North (2.2 mi)
  • Shelford (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299078 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference B06231. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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