Highly Rated Franchise Chinese Takeaway

  • Leasehold Price: £74,950
  • Annual Turnover: £338,000
Birmingham, West Midlands, England
Seller Ref:CHPHALL
For Sale

Highly Rated Franchise Chinese Takeaway

Birmingham, West Midlands, England
Seller Ref:CHPHALL
  • Leasehold Price: £74,950
  • Annual Turnover: £338,000

Description

Mailbox Estates are delighted to welcome to the market an opportunity to acquire a Chinese takeaway and noodle bar Franchise.

The shop is in perfect working order and is currently operating strong weekly sales via online orders through vendors like Just Eat, Uber Eats and Deliveroo. The store is located on a very busy road, with schools, a community centre and other well know branded businesses all located within its vicinity.

The Chop and Wok Franchise has nine major stores with many more new and exciting stores opening very soon across the UK.

The store offers a wide range of cuisines such as Pan-Asian, Thai, Indian, Malaysian and Japanese leaving its customers spoilt for choice.

There are no start up fees for the new franchisee, this will be paid by the vendor as a gesture of goodwill. Royalties of £300.00 per week.

REASON FOR SALE:
*Our client is reluctantly selling this business due to other commitments that require their full attention.

THE OPPORTUNITY:
* Established Franchise since 2009
* Low Rent and no business rates
* 5* Food Hygiene Rating
* Perfect trading position with large loyal customer base and repeat trade
* Halal registered
* Current owner happy to offer a handover to ensure the continued success.

TURNOVER:
* We have been advised that the current turnover is on average £6,500 per week.
* The business currently uses Just Eat, Uber Eats and Deliveroo.

RENT:
The rent per month is £800 or £9,600 per year.

LOCATION:
* High Street location with neighbouring businesses such as a Select and Save supermarket, a
hair salon and other well know high street names.
* The store is well presented and maintained, with clear visible signage.

EXTERNAL:
* Private garden to the rear for staff or owner parking

SHOP FLOOR PLAN:
Ground floor – shop sales area of approximately 71 Sq M (764 Sq.ft)
*Kitchen
*Prep room
*Staff WC
*Storage room

TENURE:
*The site is offered by way of the transfer with a new 7 year lease.

TRADING HOURS:
* Monday – Sunday 5:00pm – 10:45pm
*The store is licenced to open earlier if required.

FIXTURES AND FITTINGS:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

BUSINESS RATES:
* There are no business rates payable.
* Purchasers should enquire with relevant local authorities to confirm the rates payable.

STAFF:
*The takeaway is run under management of four part time staff and two drivers and currently trades with limited opening hours which presents an opportunity for a new owner to increase turnover and profitability through extended opening hours.

LEGAL COST:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord’s legal fees are the buyers responsibility.

* Please note, as this is a confidential sale, the true location of this shop has not been disclosed. Please contact us should you wish to know the exact store location.

DEPOSITS:
* Successful applicants will be required to pay a non-refundable deposit

Viewing is highly recommended, strictly via AGENT ONLY.

Leasehold Terms:
*The site is offered by way of the transfer with a new 7 year lease.
Trading Hours:
* Monday - Sunday 5:00pm - 10:45pm *The store is licenced to open earlier if required.
Number of Employees:
*The store is run under management of four part time staff and two drivers.
Support and Training:
Handover can be provided to ensure continued success
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
Stock at valuation
Website address:
https://www.mailboxestates.co.uk/commercial-sales/area/restaurant/48678-chphall

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