Takeaways (Other) for sale in Manchester

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Established Takeaway & Accommodation - Radcliffe

Manchester, Greater Manchester, England

  • Freehold Price: £175,000
  • Annual Turnover: £65,000
  • Annual Gross Profit: £50,000
  • Annual Net Profit: £20,000
Seller Reference: 6883
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Business Description
 
 
 
 
 
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Seller Reference: 6883
Request Details
Business Description
Prominent Main Road Trading Location
Annual Turnover £65,000
Gross Profit £50,000
Further Financial Info Available After Viewing
Established 2002
Owner Operator - No Staff
Retirement Sale
Three Bedroom Accommodation
Scope To Introduce Deliveries
Potential For Longer Opening Hours
Currently No Online/Social Media Presence
Scope Online Ordering Service
Would Suit A Variety Of Cuisines
EPC - C
REF 6883 – Freehold Takeaway & Accommodation

Blacks Brokers are pleased to bring to the market this freehold takeaway with accommodation located in a densely populated area of Radcliffe, Greater Manchester

INTRODUCTION

Jubilee Chinese Takeaway was established by our client in 2002. The takeaway is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade generated by this busy main road. Our client has ensured the business has a good reputation and excellent reviews are noted on Yell.com.

LOCATION

Jubilee Chinese Takeaway occupies a suberb main road trading position within a parade of residential properties. The area is densely populated residentially. Radcliffe town centre is close by with a range of independent retailers as well as large multiples such as Asda. Radcliffe is well linked by the M66 and M60 with good access to Bury and Manchester. Public transport links are good and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's retirement wishes, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

BUILDING LAYOUT AND DESIGN

Jubilee Chinese Takeaway operates from the ground floor a two storey, mid-terraced property. The business has large branding and signage on display above a mainly glazed frontage. Inside, there is a main servery area with menu boards displayed above the counter. The servery has glass display oven built in with the till behind. To the rear of this is a fully equipped kitchen which is fitted with three pan range, cooker, fridges and freezers, five pan burner and much more. There are also two storage areas to the rear. Each area of the business is finished well.

The first floor of this property comprises of three double bedrooms, bathroom and utility room.

STAFF

The business operates with our client and partner only in employment.

FINANCIAL DETAILS

Jubilee Chinese Takeaway has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £65,000 with gross profits of £50,000. Full financial information is available upon request.

BUSINESS RATES

The business has a rateable value of £1,497.55. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is a long established takeaway with a large, repeat customer base. There is plenty of scope to develop the business further with the introduction of a delivery service along with the implementation of a website with ordering service and the potential for longer opening. Improving the hygiene rating would also be beneficial – this is one star at present. 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:
3 Pan Range

Cooker

Chest Freezer

Food/Plate Warmer

Chest Freezer

Fridge Freezer

Fridge

Commercial Fridge

5 Pan Burner

Cooker

Fryer
Trading hours:
MON - THU: 17:00 - 22:00 FRI & SAT: 17:00 - 23:00 SUN: 17:00 - 22:00
Tenure:
Freehold
Location Details:
Radcliffe
Listed by:
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