Takeaways (Other) for sale in Stretford

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Chinese Takeaway In Stretford

Stretford, Greater Manchester, England

  • Leasehold Price: £49,000
  • Annual Turnover: £250,000
  • Annual Gross Profit: £180,000
Seller Reference: 6411
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Business Description
 
 
 
 
 
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Seller Reference: 6411
Request Details
Business Description
Busy Main Road Trading Location
Old Trafford 3 Mins Away
Annual Turnover £250,000
Gross Profit £180,000
1 Hour Free Parking To Front
Within Popular Parade Of Shops
Alcohol Licence In Place
Licence To Trade Til 12am
5 Star Hygiene Rating
EPC - E
REF 6411 – Leasehold Chinese Takeaway

Blacks Brokers are pleased to bring to the market this leasehold Chinese takeaway located in the busy and much sought after area of Stretford, Greater Manchester.

INTRODUCTION

Oriental Express was established on Chester Road over twenty years ago with our client taking ownership in 2016. The takeaway is exceptionally busy and well known, having gained a very large, repeat customer base and excellent online presence. The business has a comprehensive website in place with ordering system and has an excellent partnership in place with Just Eat offering a popular delivery service. Excellent online reviews are noted on Just Eat.

LOCATION

Oriental Express is positioned within a busy parade of shops and other local businesses on a main road in Stretford. This area is densely populated and is within a short walking distance of Old Trafford. Stretford is well linked by the M60 with excellent access to Manchester city centre. Public transport links are superb, and parking is available immediately outside the shop which is free for one hour. This upcoming part of Stretford is currently under development with a large student accommodation area due to be complete in 2019.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator; however our client is looking for a less demanding opportunity as this shop is very busy requiring a lot of time and dedication to meet demand. Therefore, the business is offered for sale. It presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a fifteen year lease and began in 2016 at a cost of only £180 per week.

BUILDING LAYOUT AND DESIGN

Oriental Express operates from the ground floor of a spacious, end terraced property. The first floor is currently used as private living accommodation and is not included in the lease but can be rented separately via the landlord.. The business is very well branded with large signage displayed above a fully glazed frontage. Inside, the customer waiting area is spacious with some seating in place. The shop has a traditional Chinese theme with red and blue colour scheme throughout. The large counter separates the customer waiting area from the large kitchen and preparation area which is well equipped and fitted with double fryer, four pan range, bain marie, chipper, stainless steel worktops and much more. There is also a large, walk in freezer and two commercial fridges. The premises also contain a small preparation room, toilet facilities and a large cellar currently used for storage. To the rear of the property is an enclosed yard used for refuge storage.

STAFF

The business is currently operating with five members of staff in employment. Our client currently works on a full time basis. The staff are long standing and experienced, they have built strong relationships with customers and can bring continuity of service for a new owner if required.

FINANCIAL DETAILS

Oriental Express has traded solidly since opening. We are advised that the business currently has annual turnover of £250,000 with gross profit of £180,000. Deliveries account for around 80% of takings at present.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable. The vendor currently benefits from small business rates relief.

SUMMARY

This leasehold business is well established and boasts a large customer base and exceptional reputation with five star hygiene rating. There is plenty of scope to further enhance this business with the introduction of seating for dine in customers – there is physical space to accommodate this and our client has already secured a licence for this service. There is also potential increase opening hours to accommodate lunchtime opening. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Display fridge

Fridge x 2

Epos

Mini freezer

3 Double fryer

4 Pan range

Bain marie

4 x Chest freezer

Chipper

2 x Buffalo cooking pots

Stainless steel worktops

Walk in freezer

Under counter fridge

Microwave
Trading hours:
Takeaway Opening Times
Monday : 16:20 - 22:30
Tuesday : 16:00 - 22:45
Wednesday : 00:00 - 00:00
Thursday : 16:20 - 22:30
Friday : 16:20 - 22:30
Saturday : 16:20 - 22:30
Sunday : 16:20 - 22:30
Tenure:
Leasehold
Location Details:
Stretford
Leasehold Term:
£180 Per Week
Listed by:
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