Profitable and Established Restaurant For Sale

Business
Please quote reference B08299

CoGoGo presents an exciting opportunity which has arisen to acquire Han Restaurant, a highly profitable and well-established dining spot specialising in authentic Chinese cuisine, located in the vibrant and sought-after West One Plaza, Sheffield.

This spacious two-floor establishment is known for delivering an exceptional dining experience, combining traditional Chinese dishes with a modern, inviting atmosphere. With strong daily footfall, steady passing trade, and a loyal customer base, Han Restaurant is perfectly positioned in the heart of Sheffield’s bustling city centre.

Restaurant Layout & Features

Ground Floor:

The ground floor of the restaurant features a kitchen and bar area, accompanied by seating for 65-70 guests. This setup provides a lively, welcoming environment, creating a unique dining experience.

First Floor:

The first floor offers an exclusive setting with private dining rooms and karaoke booths, making it an attractive venue for special events, celebrations, and corporate gatherings. The private booths can accommodate 8-20 people per booth, providing a tailored experience for groups seeking entertainment alongside fine dining. 

Total Assets:

The business includes assets worth £15,000, consisting of high-quality kitchen equipment, furnishings, and karaoke sound systems, all of which are in excellent condition.

Business Potential

Han Restaurant is already a profitable venture, but it holds even greater potential for growth and expansion:

• Extended Opening Hours: By extending the restaurant’s current hours of operation, there is potential to capture more breakfast or late-night customers, especially from Sheffield’s nightlife scene.
• Delivery & Takeaway Services: Expanding into delivering services via platforms like Deliveroo or Uber Eats could dramatically increase revenue by catering to Sheffield’s growing demand for high-quality food on the go.
• Marketing & Social Media Presence: A strong digital marketing strategy, including an enhanced presence on social media, could attract more customers, particularly students and young professionals in the area.
• Corporate & Event Catering: There is an opportunity to grow the business by offering catering services for corporate events, local businesses, and parties, taking advantage of the nearby office spaces and business hubs.

The current owner is seeking to sell the business due to personal reasons. However, the restaurant continues to perform strongly and offers an excellent opportunity for a new owner to further expand and capitalise on its established reputation.

For more details or to arrange a viewing, please contact us today!

Location
Situated in West One Plaza, one of Sheffield’s busiest areas, Han Restaurant benefits from being in a prime location surrounded by offices, shops, residential apartments, and entertainment venues. The high level of foot traffic throughout the day ensures a constant flow of potential customers, both from the local community and visitors to the area. This is an ideal location for both lunch and dinner service, capitalising on the proximity to businesses, university campuses, and nightlife spots.

Premises
The ground level features an open-concept kitchen and bar area, along with a seating capacity for 65-70 guests. This arrangement creates an energetic and inviting atmosphere, enhancing their dining experience.

Upstairs, the first floor offers a more exclusive setting, with private dining rooms and karaoke booths. This makes it a popular choice for hosting special events, celebrations, and corporate functions. Each booth can accommodate between 8 and 20 guests, offering a customised experience that combines entertainment with upscale dining. 

Tenure
This opportunity is being sold on a Leasehold basis with 10 years remaining on a 20-year lease.

The current rent is £44,000 per annum.

Hours
The current operating hours are:

Monday to Sunday – 11:00 am to 9:00 pm

Staff
The business is run and managed by our client with the help of 3 staff members.

Financial Profile
This business generated a turnover of £120,000. Full financials can be made available upon further request.