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Business for sale in United Kingdom - 8765de lh chinese takeaway & fish & chip shop burton on trent

Asking Price: 65,000 £ Real Estate: Lease
Business for sale – 8765de l\h chinese takeaway & fish & chip shop burton on trent
Sales Revenue: 0 £
Net Profit: 0 £
Year Established: 1983
Employees: 3FT, 2PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/London Borough of Hillingdon/London Borough of Hillingdon
United Kingdom/London Borough of Hillingdon/London Borough of Hillingdon

Business types:

Accommodation & Food services

Business categories:

Fast Food Restaurants

Business description

THE BUSINESS Advent Business Sales is pleased to offer to the market this already well established Chinese takeaway which has been trading for approximately 25 years. The current owner is reluctantly placing this business on the market due to retirement. The take away offers both Cantonese and Peking dishes at very reasonable prices, deliveries are also available. The business thrives on year upon year recommendation and has advertised very sparsely apart from some localised leaflet drops. The equipment, fixtures and fittings are all fit for purpose and the general appearance clean and tidy. Kitchen equipment includes: 2 pan deep fat fryer 7 wok cooker hood over 6 burner industrial cooker with double oven 2 rice cookers 2 chopping blocks veg prep sink wash up sink The business is staffed by 3 full time and 2 part time occasional employees. Value of stock is approximately 750. Although the take away is 25 years old, it is as if it merely waits for a new hand to take control of it and give it lead to its potential. There is also a 2 bed flat which is currently empty. The new owners could rent that out which would provide additional income. TRADING HOURS Mon: closed Tues Thurs: 5pm 11pm Fri Sat: 5pm 12pm Sun: 6pm 11pm EXPANSION POTENTIAL Although, as mentioned, there is a double fish and chip fryer at the front of the Business, it has been little used. The present owner informs us that there is no fish and chip shop in the area and that a young enthusiastic family could well increase the turnover dramatically by offering this facility as well as the Chinese food. FINANCIAL INFORMATION We have been advised by the vendor of the following: Weekly sales: 2,000 Gross Profit: 65% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES The shop is double fronted with the doorway toward the right hand side; it has CCTV and is alarmed. Ground Floor Large with a counter area across the shop, within this counter is a nearly new double fish and chip fryer. Behind the counter is a large freezer. Behind and to the left is the doorway to the kitchen. Cloakroom and w/c and a rear storage area leading to the back doorway. First Floor: 2 Bedroom Flat Shared Patio area Large Lounge Bathroom & W/C Kitchen 2 x double bedrooms External Separate staircase with security door with an intercom located to the rear of the shop for access to the first floor accommodation. Car Parking Facilities The take away has a cross hatched area in front of it, large enough for 10 cars, this is by way of customer parking only ensuring clear access for their clientele. TENURE: Leasehold Original lease: from 1995 21 years Remaining lease: 8 years Review every: 3 years Rent: 6500 per annum We are advised that the annual business rates are currently: 1400

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: retirement.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Leasehold Original lease: from 1995 21 years Remaining lease: 8 years Review every: 3 years Rent: £6500 per annum We are advised that the annual business rates are currently: £1400
Location: LOCATION Our client occupies a prime location at one end of a shopping parade, mainly occupied by the local supermarket. This shopping area is in a highly residential part Burton on Trent, the beer capital of the county, close to the town centre. The area is very busy and has a high volume of both passing traffic and regular footfall trade. The town has a high degree of profitable commerce giving its population excellent wages translating into good custom. The takeaway’s main custom is local both in collection and deliveries.

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