Chinese Takeaway With Accommodation in Manchester

Family Business for Over 30 Year
New Lease Negotiable
Annual Turnover £75,000
Gross Profit £50,000
2 Bedroom Accommodation Included
Free Parking Available Directly Outside
Open Limited Hours Due to Covid
Opportunity For Online Presence/Deliveries
Current Owner Looking to Retire
EPC - C
REF 6196 – Leasehold Chinese, Fish & Chips Takeaway With Accommodation

Blacks Brokers are pleased to bring to the market this leasehold Chinese takeaway with accommodation located in a busy and densely populated area of Newton Heath, Manchester.

INTRODUCTION

Mee Chen has been trading on Crawford Street for over forty years, with our client taking over from his father in 2016. The takeaway has become very well-known in this community and has a large, repeat customer base and good reputation.

LOCATION

Situated in a residential area of Newton Heath, the takeaway has a good amount of local custom. The area is well linked by the M60 and the Etihad Stadium is close by bringing plenty of passing trade. Public transport links are good and parking is available immediately outside the shop.

REASON FOR SALE

The business is only being offered for sale due to our client’s other business interests, creating a lack of time for our client to dedicate to this busy takeaway.

LEASE

Our client will offer a new lease which will be fully negotiated with the business sale. The new lease will run at a cost of £260 per week – this will include the accommodation within the first floor of this property.

BUILDING LAYOUT AND DESIGN

Mee Chen is operating from the ground floor of this spacious end-terraced property. The business has bold signage displayed above a partially glazed entrance. Inside, the customer servery and waiting area is well presented with tiled flooring and walls, menu boards on display and stainless-steel counter and food preparation area behind. The kitchen is open plan and is well-equipped with chipper, rumbler, five-head wok burner, range with a full service history and much more.
The property was fully refurbished in 2016 which included the fitting of a new plumbing and heating system, new tiling throughout the shop, new flooring, a new servery counter top fitted. The owner also replaced the wok burner and canopy at the same time.
The first floor was also renovated and created into a two-bedroom accommodation. This accommodation comprises of a family bathroom, storage cupboard and two bedrooms, it has UPVC windows fitted throughout. The accommodation is currently empty and ready for a new owner to move into.

STAFF

The business is currently operating with two members of staff working on a full-time basis and our client is not involved in the day to day running of this business.

FINANCIAL DETAILS

Mee Chen has traded solidly during the last forty years. The business generates an annual turnover of £75,000 with gross profits of £50,000 - at present, the business is opening for only five days per week. Full financial details are available upon viewing.

SUMMARY

This leasehold business is long-established and underwent a refurbishment in 2016 to offer accommodation for a new owner and a new lease will be negotiated with this sale. There is plenty of scope to develop the business further with the introduction of an online presence with ordering system and a delivery service. New opening hours and days would also be of benefit. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Chip Range - Full Service History

Chipper

Rumbler

5 Head Wok Burner

Double Fryer

Canopy System

2 Fridges

Chest Freezer

Stand Up Freezer

Stainless Steel Worktop

Bain Marie

2 Hot Cupboards

4 Point CCTV