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Established Since 2016
Estimated Annual Turnover £36,400
Gross Profit £21,840
Closed On Tuesdays & Over Christmas
Scope to Open over Lunch
EPC - D
REF 5873 – Leasehold Chinese Takeaway
Blacks Brokers are proud to bring to the market this leasehold Chinese takeaway located in a busy residential area of Macclesfield, Cheshire.
Hao Hao has been trading on Hurdsfield Road since 2016 when our client took ownership, the premises were previously home to other takeaway businesses for over 30 years. The business is well-known within the area and has built up a large base of regular, repeat customers and a superb reputation. The business offers a selection of Chinese food choices and traditional fish and chips with delivery available as requested by local customers.
Situated in a densely populated area, the business is surrounded by affluent villages, residents and a number of other local businesses. The building is positioned just off the main road with plenty of free parking in the immediate area and a good amount of public transport links.
REASON FOR SALE
Hao Hao is only being offered for sale as our client under estimated the demand for the business and it has now become of a size that would suit a team of people rather than a single hands-on owner operator – our clients business partner has other business commitments and will soon leave our client to run the business alone which will be too much.
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 14 years with rent reviews every 3 years. The current lease began in 2016 at a cost of £195 per week.
BUILDING LAYOUT AND DESIGN
Hao Hao is housed within a large, “L-shaped” corner plot unit with bold signage and branding displayed on both sides. Inside, the main serving area is complete with seating and servery counter and a kitchen and preparation room are positioned to the rear along with one large storage rooms and a toilet.
Externally at the rear of the building is a small, enclosed garden.
Please note: the landlord has given permission to structurally alter the internal areas, if required.
Hao Hao is currently operating with our client and partner employed on a full-time basis – with one partner due to leave soon, the business will be too busy to run with no additional staff. This opportunity will suit a team of hands on owner-operators.
Financial details are available upon a viewing of the business and Hao Hao has traded solidly over its trading history. The business is estimated to generate an annual turnover of £36,400 with zero rates payable and gross profits of £21,840. Most customers are from the local area as one would expect with some additional trade from passers-by.
This leasehold business is well-established and presented to a good standard. There is plenty of scope to develop the business further with a marketing drive in the local area, and more online advertising, potentially a social media presence and so on. As noted above, 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.
Sun & Mon - 5pm - 10pm
Tue - Closed
Wed & Thu - 5pm - 10pm
Fri & Sat - 5pm - 10.30pm
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