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Established Restaurant In Wolverhampton For Sale

Wolverhampton, West Midlands, UK
Asking Price:
£15,000 Furniture / Fixtures included
Turnover:
£208,000
Net Profit:
Not applicable

Please note that the store is now closed and not trading.

**Please note the store is now closed and not trading**

Mailbox Estates is delighted to welcome to the market a well-presented Takeaway currently running as a pan-Asian dine-out Food parlor.

Currently operating as a Chop and Wok Express, which has nine major stores with many more new and exciting stores opening very soon across the UK.

The store offers a wide range of cuisines, such as Pan-Asian, Thai, Indian, Malaysian, and Japanese, leaving its customers spoilt for choice. Cooked in a live 'food theatre' where all is visible while catering for all by offering a super healthy choice such as low-calorie and oil-free options.

There are NO FRANCHISE COMMITMENTS in place, meaning this is the perfect opportunity to open your dream takeaway

The Opportunity:
* Established since 2009
* Low Rent and no business rates
* 5-star Food Hygiene Rating
* Perfect trading position with large loyal customer base and repeat trade
The current owner is happy to offer a handover to ensure continued success.
* Well presented and maintained

Weekly Turnover
* We have been advised that the current turnover is on average £3,000–£4,000 per week.
* The business uses Just Eat, Uber Eats, Deliveroo, a personal business App, and website

Price
* £30,000 OIRO SAV

Tenure
The site is offered by way of the assignment of the existing lease with 6 years left.

Rent:
* The rent is £11,550 per year.

Rates
* We have been advised that there are no business rates payable.

Staff
*The store is run under the management of one full-time and four part-time staff and three delivery drivers.

Trading Hours:
* Monday -Sunday: 4:00 p.m.–11:00 p.m.

Accommodation
There is no accommodation available.

Location:
* High Street location with neighboring businesses such as a hair salon, barbers, a pub, and other well-known high street names.
* The store is well presented and maintained, with clearly visible signage.

Fixtures and Fittings
The business is well-fitted throughout, including specialized gas burners to accommodate the different food cuisines, a valuable inventory of equipment is included in the sale price, and we are advised the approximate value of fixtures and fittings is £40,000

External:
* There is customer parking available at the front of the store.
* Delivery access to the rear for loading and unloading.

Regulatory
* A5 License
* 5* Food Hygiene Rating

Legal costs
* Each party is to be responsible for their own legal costs in connection with the sale.
* The landlord's legal fees are the buyer's and seller's responsibility and are to be shared equally.

Trading Information
* Full accounts and trading history will be made available to seriously interested parties after they have viewed the business.

Viewing arrangements:
* Mailbox Estates highly advises early viewing to avoid disappointment.
* Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT'S STAFF.

DEPOSIT
* Once an offer has been accepted, the successful buyer(s) are required to pay a deposit to secure the sale, which is held in a protected client account.

**Please note the store is now closed and not trading**

Property Information

Property:

Leasehold

Lease Terms:

*The site is offered by way of the assignment of the existing lease with 6 years left.

Leasehold Rent:

£11,550 per annum

Location:

Located in the heart of Wolverhampton

Business Operation

Reasons for selling:

New business ideas

Trading hours:

* Monday - Sunday 4:00pm - 11:00pm

Employees:
*The store is run under management of one full time and four part time staff and three delivery drivers.

Other Information

Support & training:

Handover can be provided to ensure continued success

Financing available:

Our in house broker can provide you with free advice

Furniture / Fixtures value:
£40,000 - included in the asking price
Website:
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