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Established Takeaway In Birmingham For Sale

Birmingham, West Midlands, UK
Asking Price:
£69,950 Furniture / Fixtures included
Turnover:
£338,000
Net Profit:
Not applicable

Mailbox Estates is delighted to welcome to the market an opportunity to acquire a Chinese takeaway and noodle bar franchise.

The shop is in excellent condition and currently enjoys strong weekly sales through online orders via platforms like Just Eat, Uber Eats, and Deliveroo. Located on a bustling road, the store is surrounded by schools, a community centre, and well-known branded businesses, ensuring a high volume of potential customers.

The Chop and Wok franchise 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.

There are no start-up fees for the new franchisee; this will be paid by the vendor as a gesture of goodwill. Royalties of £300.00 per week.

REASON FOR SALE:
* Our client is reluctantly selling this business due to other commitments that require their full attention.

THE OPPORTUNITY:
* Established Franchise since 2009
* Low Rent and no business rates
* 5* Food Hygiene Rating
* Perfect trading position with large loyal customer base and repeat trade
* Halal registered
* Current owner is happy to offer a handover to ensure continued success.

TURNOVER:
* We have been advised that the current turnover is, on average, £6,500 per week.
* The business currently uses Just Eat, Uber Eats and Deliveroo.

RENT:
* The rent per month is £800 or £9,600 per year.

LOCATION:
* High Street location with neighbouring businesses such as a Select and Save supermarket, a
hair salon and other well-known high-street names.
* The store is well presented and maintained, with clearly visible signage.

EXTERNAL:
* Private garden to the rear for staff or owner parking

SHOP FLOOR PLAN:
* Ground floor: shop sales area of approximately 71 Sq M (764 sq ft)
* Kitchen
* Prep room
* Staff WC
* Storage room

TENURE:
* The site is offered by way of a transfer with a new 7-year lease.

TRADING HOURS:
* Monday - Sunday 5:00pm - 10:45pm
* The store is licenced to open earlier if required.

FIXTURES AND FITTINGS:
* The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

BUSINESS RATES:
There are no business rates payable.
* Purchasers should enquire with relevant local authorities to confirm the rates payable.

STAFF:
* The takeaway is run under the management of four part-time staff and two drivers and currently trades with limited opening hours, which presents an opportunity for a new owner to increase turnover and profitability through extended opening hours.

LEGAL COST:
Each party is responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are the buyers responsibility.

* Please note that, as this is a confidential sale, the true location of this shop has not been disclosed. Please contact us if you wish to know the exact store location.

DEPOSITS:
Successful applicants will be required to pay a non-refundable deposit

Viewing is highly recommended, strictly via AGENT ONLY.

Property Information

Property:

Leasehold

Lease Terms:

*The site is offered by way of the transfer with a new 7 year lease.

Leasehold Rent:

£9,600 per annum

Business Operation

Trading hours:

* Monday - Sunday 5:00pm - 10:45pm
*The store is licenced to open earlier if required.

Employees:
*The store is run under management of four part time staff and two drivers.

Other Information

Support & training:

Handover can be provided to ensure continued success