This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Restaurant for sale

Victoria Road, Chelmsford, Essex, CM1

£79,950
136 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,463 sq ft (136 sq m)

Key features

  • LEASEHOLD
  • Ref 14186 J

Full description

Tenure: Leasehold

LOCATION
The Vietnamese Kitchen enjoys a highly visible trading position on Victoria Road in the centre of Chelmsford , Essex.

Chelmsford is the only city in Essex , extremely well known as a desirable place to both live and study and only 40 miles northwest of London. Built in the 1730's , the city offers beautiful historic buildings , cathedrals and parks.

It is particularly popular with professionals working in the city and trains into London Liverpool Street only take 34 mins. The growing student population has been catered for by many new student accommodation buildings located less than 2 mins from the restaurant .

The city can be reached from either the A414 and M1 motorway or the A12 linking to the M25 motorway.

There is free parking in the adjacent street as well as a large city centre car park.

BUSINESS
Hilton Smythe are delighted to present to the market VK Vietnamese Kitchen. Established by our client in Chelmsford in 2014 and now offered for sale due to our clients' other business interests.

The unique contemporary Vietnamese restaurant opportunity offers diners both gluten free and vegan food choices.

The menu includes appetisers of Vietnamese spring rolls, salad rolls, green papaya salads, sweet paradise with prawns, chilli and garlic squid, soft shell crab, choice of meat and non-meat salads, soups, soup noodles and hot and sour soups. Mains include lemongrass stir fry, coconut curry, spicy beef stew, deep fried tilapia, deep fried catfish, stew fish, sizzlers, stir fry glass noodle and selection of sides. Desserts include ice creams, plantain fritters, pandan pancakes, deep fried ice cream and coconut cream with banana and tapioca.

Our client offers a chef speciality set menu, with the average meal price paid per couple at 55. There is an active website and Facebook page.

Groupon vouchers particularly popular with the student customer base with 1,268 redeemed in the last 6 months and 4.6 out of 5 rating. Our client also uses Deliveroo as a method of offering local deliveries.

Due to the success of the business and the success of our clients' other business interests, he has not marketed the business with any leaflets or in house delivery service. Increased marketing and advertising could easily considerably increase current turnover. Only local voucher system is used by the local cricket club members.

Our client is happy to offer a handover period to assist with the smooth transition of ownership.

PREMISES AND EQUIPMENT
Beautifully presented frontage with large windows and good signage.

Dining area - Integrated air con system with 8 x ceiling vents, 2 x additional wall mounted air con unit, max of 67 covers with only 55 being used currently, large floor to ceiling windows overlooking Victoria Street.

Separate ladies and gents toilets with disabled friendly toilet.

Bar servery - central solid wood bar with glass fronted wine fridge, single glass fronted chiller, water boiler, wine and spirits racking and coke cola fridge.

Kitchen - Stainless steel heat cupboard with plate stack, double fryer, gas salvandor, 4 x burner gas oven, 7 x burner Chinese oven, 3m wide extraction unit, 2 under counter fridges , 2 stainless steel prep sinks, prep table, 2 microwaves , double length stainless steel prep fridge unit , large stainless steel Prep table, stainless steel shelving, 2 tall upright fridges, 2 chest freezers, wall mounted shelving, 2 x racking units and dishwasher.

Storage area - open storage chiller, dry store shelving and additional seating area.

External - to the rear there is a large customer smoking area and carpark for 4 cars.

Owners fish tank is not included, however can be purchased separately if required.

TENURE
We are advised Leasehold.
The original lease length is13 years with 9.5 years remaining.
Rent is 21,600 per year including VAT.

The current business rates are 9,600 pa.

HOURS
The business currently opens:-
Sunday to Thursday 12 noon -2.30pm and 5.30pm -10.30pm
Friday to Saturday 12 noon-2.30pm and 5.30pm-11.00pm.

STAFF
The business is owner run with 5 full time and 1 part time members of staff.

FINANCIAL PROFILE
As per the 2017 accounts the business reports turnover at 213,200 with a gross profit at circa 71%.


Map & Street View

Disclaimer - Property reference 14186J. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.