Overview
- Updated On:
- July 20, 2022
Description
Sao Mai Golden Dragon
2 Brewery Terrace, Saundersfoot SA69 9HG
Offers Over £600,000
Sao Mai is a well-established family run restaurant, close to the beach in the heart of Saundersfoot.
BULLET POINTS
– Busy Chinese Restaurant
– Family owned and operated since 1988
– Superb Location
– Three-bedroom flat
– Dinning for up to 90 people
– Beautiful seaside resort
SUMMARY
Established in 1988, Sao Mai is a successful family run business in a superb location.
Nationwide Business Sales are delighted to offer this prime position restaurant, with a three-bed flat as a freehold purchase.
Sao Mai is brought to market due to retirement.
LOCATION
Sao Mai Dragon sits on the main road into Saundersfoot, a stone’s throw away from the beach and harbour, close to the public car park.
In the heart of Saundersfoot, Sao Mai is surrounded by local shops and businesses.
Saundersfoot is beautiful seaside village on the south coast of Pembrokeshire, near Tenby.
Tourists bring over £590m a year to Pembrokeshire, Saundersfoot Harbour has just had a £10m overhaul, putting high on the tourist list of destinations to visit.
DEVELOPMENT OPPORTUNITY
The business could be developed further by opening throughout the day, adding new products and offering a delivery service.
CURRENT TRADING HOURS
Seven days a week, 17:00 – 23:00
FIXTURES AND FITTINGS
All fixtures and fittings not personal to our client are included in the sale.
STAFF
Our clients do not work in the business, it is operated entirely by the team.
All staff are subject to TUPE.
TENURE
Sao Mai Dragon is offered as a freehold purchase with the three bedroom flat above for £650,000.
Our client is willing to discuss an offer that excludes the flat as a freehold purchase.
We are also able to discuss a leasehold purchase, price and terms to be agreed.
TRADING INFORMATION
Full accounts are available upon request.
Current trading figures provided by our client show a consistent trade of circa £5,000 per week, generating very healthy profits.
