Takeaways (Other) for sale in Bolton

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £47,250 Annual Turnover: £182,000 Gross Profit: £110,000
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Business Description
Densely Populated Residential Area
Annual Turnover £182,000
Turnover Increasing Weekly
Gross Profit £110,000
Handover Period Offered
Gold Partner On Just Eat
Scope To Open For Lunch Time Trade
Potential To Add Website
Would Suit A Variety Of Cuisines
Free Parking
1 Bedroom Accommodation
EPC - D
REF 6534 – Leasehold Takeaway With Accommodation

Blacks Brokers are pleased to bring to the market this leasehold takeaway with accommodation located in a very popular residential area of Bolton, Greater Manchester.

INTRODUCTION

Chic Chic Chicken has been trading on Queensgate since 2003 with our client in ownership since 2015. The business has a large base of regular customers from the immediate area and a superb reputation. Our client has set up a partnership with Just Eat and has excellent reviews noted on Google and the Just Eat website. At present, the takeaway offers a range of halal foods, but the menu could be expanded or changed to suit any cuisine.

LOCATION

The business is located in a residential area of Bolton close to Bolton School and Queens Park. This area is well linked by the M61, public transport links are good and free, unlimited parking is available immediately outside the shop.

REASON FOR SALE

Our client is looking to study for a change in career, therefore, the business is offered for sale and 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 fifteen years with rent reviews every three. The current lease began in 2015 at a cost of £163 per week. This includes the one bedroom accommodation within the first floor.

STAFF

The business is currently operating with our client working on a full time basis supported by two part time and two full time members of staff. Our client is able to offer a handover period if required to ensure a smooth transition for clients and the new owner - giving reassurance that the momentum of success can be continued under new ownership.

FINANCIAL DETAILS

Chic Chic Chicken has traded solidly since opening. We are advised that the business currently has annual turnover of £182,000 with gross profit of £110,000. Full financial details are available upon viewing. It is to be noted that the business is currently being run at a pace to suit and there is scope and demand to introduce new opening hours to include lunchtimes.

BUSINESS RATES

The business benefits from Small Business Rates Relief at present. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is well established and has a good customer base and reputation already in place. There is plenty of scope to develop the business further with new opening hours and a new online presence, possibly more partnerships with websites such as UberEats and the like. There is also potential to add to the menu choices, bringing in milkshakes or ice creams as there are no other businesses offering this in the area. 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:
Heated display unit

Till

Donner machine

Stainless steel worktops

Drinks display fridge

Pizza oven

Dough roller

Dough mixer
Under counter fridge

Double chip fryer

Microwave

Sink

Double fridge/freezer

Grill

4x Chest freezer

1 x Single fridge

Henny penny 8000

Shutters
Trading Hours:
Mon - Sun - 4pm - 11pm

Tenure: Leasehold

Accommodation Details:
Chic Chic Chicken operates from the ground floor of a well presented end terraced property. The business is well branded with electronic signage displayed above a partially glazed frontage with advertisements in place. There are also metal security shutters fitted. Inside, the customer waiting area is finished well with tiled floor and walls and a large, stainless steel counter with display warmers. There is a small preparation area immediately behind the counter with menu boards displayed above. To the rear is a well equipped kitchen fitted with stainless steel worktops, pizza oven, dough mixer, dough roller and much more. There is also a wash up area and store room.

The first floor comprises of lounge, one bedroom and a bathroom. To the rear is an enclosed yard and additional storage area.

Location Details: Bolton

Leasehold Term: Rent: £163 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6534
Seller Reference:
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