CHINESE RESTAURANT AND TAKEAWAY, SAFFRON WALDEN, ESSEX
Price:
Freehold - £650,000
Leasehold - £100,000
Location:
Essex , Saffron Walden
Business Type:
Food Service Businesses
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £250,000 pa with a net profit of £20,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Chinese restaurant and takeaway situated over 4 floors which has been established since 1973. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.
Services
This very good business opportunity is family run and provides Chinese food and takeaway
Staffing
The concern employs 6 staff who are full time. Financial details relating to wages will be provided on request.
Owners Role
The owners’ role is managing the business and works when required.
Marketing
The owner does not market the business and does not have a website.
Competition
As far as competition is concerned there are 3 locally and 2 takeaway restaurants.
Market
The client base consists of local community and business persons.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Tuesdays.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
- Situated in Saffron Walden area of Essex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of local and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A1301, M11, A12 and good railway links.
The original length of the lease was 20 years with 20 years remaining. The rent is £25,000 pa with a review in 4 years. The lease may be renewable or negotiable for longer term if required. The rates are £2,700.
The business is available Freehold or on Leasehold terms as above
Mon, Wed, Thurs, - 5.00pm – 10.30pm
Fri, Sat, - 12.00noon – 2.00pm then 5.00pm – 11.00pm
Sunday –
On the second floor there is 4 bedrooms and a basement which is used for storage
North Yorkshire
£ 750,000
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