Prominent Trading Position
Accounts Available To August 2021
Annual Turnover £210,726 / Gross Profit £157,986
Established 2003 – No Local Competition
Delivery Service In Place
Fully Equipped & Well Presented
Free Parking – Busy Residential Area
Fantastic Online Reviews & 5* Hygiene Rating
REF 8045 – Leasehold Chinese Takeaway
Blacks Brokers are pleased to bring to the market this leasehold Chinese takeaway located in Chester, Cheshire.
Far East was established in this densely populated residential area of Chester in 2003 and our client took ownership in 2013. The business offers a range of authentic Chinese foods on a takeaway basis. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Far East
has a basic website in place.
Far East occupies a main road trading position within a popular and well populated residential area in Saughall. The area is currently under development with newly built housing areas close by and many more under construction. There are also a number of amenities nearby including an adjacent park, schools and convenience stores – there are no other Chinese takeaways in this area. The area is well linked by the M56 with very strong public transport links and free parking is available immediately outside the property.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, 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.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is an eighteen year lease which began in 2013 at a cost of £219 per week.
The business operates with our client in full time employment supported by four members of part time staff all of whom are family members.
Far East has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending August 2021 show annual turnover of £210,726 and gross profit of £157,986. Full financial information is available upon request.
This long established business occupies an enviable trading position in a sought after residential area of Chester. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of a new website with online ordering system, social media presence and marketing drive – in particular throughout the new housing estates in the surrounding areas. 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.