Well Presented Leasehold Chinese Takeaway in Bristol With Accommodation
Price:
Leasehold - £89,500
Business Type:
Food Service Businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £230,000 pa with a net profit of £46,800(see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a family or husband and wife team
- Low rent and incredibly low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides high quality Chinese Food to takeaway with a delivery service with a radius of up to 5 miles.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Chinese Takeaway which has been established since 2001. The business has been in the hands of the current owner since 2006 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides high quality Chinese Food to takeaway with a delivery service with a radius of up to 5 miles.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in via leaflet deliveries to nearby residential areas and has a website.
Competition
As far as competition is concerned there are other similar businesses within the local area.
Market
The client base consists of local residents up to an impressive 5 mile radius with high levels of passing trade.
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 Monday lunch time trading.
• Increasing the services to include outside catering.
• Becoming more efficient with staffing levels.
• With an enhanced website.
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.
The present annual turnover is £234,000 with a gross profit of 60% and a net profit of £46,800. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £260,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in the Gloucester Road area of Bristol.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A38, M32 and M4.
- Bristol City Centre, Bath and Weston-Super-Mare all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 25 years with 21 years remaining. The rent is £18,000 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £90 pa.
Monday: 5pm to 11pm. Tuesday to Thursday: 12pm to 2pm - 5pm to 11pm.
Friday to Saturday 12pm to 2p
On the first floor there is a 1 bedroom flat plus an additional 1 bedroom en-suite accommodation.
North Yorkshire
£ 750,000
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