Business for sale

Business description

THE BUSINESS
Advent Business Sales is pleased to offer to
the market this already well established
Chinese takeaway which has been trading
for approximately 25 years.
The current owner is reluctantly placing this
business on the market due to retirement.
The take away offers both Cantonese and
Peking dishes at very reasonable prices,
deliveries are also available.
The business thrives on year upon year
recommendation and has advertised very
sparsely apart from some localised leaflet
drops.
The equipment, fixtures and fittings are all
fit for purpose and the general appearance
clean and tidy.
Kitchen equipment includes:

2 pan deep fat fryer

7 wok cooker hood over

6 burner industrial cooker with
double oven

2 rice cookers

2 chopping blocks

veg prep sink

wash up sink
The business is staffed by 3 full time and 2
part time occasional employees.
Value of stock is approximately £750.
Although the take away is 25 years old, it is
as if it merely waits for a new hand to take
control of it and give it lead to its potential.
There is also a 2 bed flat which is currently
empty. The new owners could rent that out
which would provide additional income.
TRADING HOURS
Mon: closed
Tues – Thurs: 5pm – 11pm
Fri – Sat: 5pm – 12pm
Sun: 6pm – 11pm
EXPANSION POTENTIAL
Although, as mentioned, there is a double
fish and chip fryer at the front of the
Business, it has been little used. The present
owner informs us that there is no fish and
chip shop in the area and that a young
enthusiastic family could well increase the
turnover dramatically by offering this
facility as well as the Chinese food.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Weekly sales: £2,000
Gross Profit: 65%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The shop is double fronted with the doorway
toward the right hand side; it has CCTV and
is alarmed.
Ground Floor

Large with a counter area across the
shop, within this counter is a nearly
new double fish and chip fryer.

Behind the counter is a large
freezer.

Behind and to the left is the
doorway to the kitchen.

Cloakroom and w/c and a rear
storage area leading to the back
doorway.
First Floor: 2 Bedroom Flat

Shared Patio area

Large Lounge

Bathroom & W/C

Kitchen

2 x double bedrooms
External

Separate staircase with security
door with an intercom located to the
rear of the shop for access to the
first floor accommodation.
Car Parking Facilities

The take away has a cross hatched
area in front of it, large enough for
10 cars, this is by way of ‘customer
parking only’ ensuring clear access
for their clientele.
TENURE: Leasehold
Original lease: from 1995 21 years
Remaining lease: 8 years
Review every: 3 years
Rent: £6500 per annum
We are advised that the annual business
rates are currently: £1400