Chinese And Cantonese Take Away For Sale |
| Leicester Leicestershire |
| Phoenix Business Agents are delighted to place onto the market Newsagent which has been established since 1985.The business has been in the hands of the current owner since December 2009 but wishes to sell due to concentrating on other business interests. |
| BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61452
ADVERT IMPRESSIONS : 7,789 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Chinese Restaurants | | SALE: | Agent Sale | ASKING PRICE: | £48000 | LEASEHOLD: | £48000 | ANNUAL RENT: | £6000 | | | | | | | | | | Add this business advert to your: | | | | | | | |
| | | | | | | BUSINESS DETAILS: | - Situated in Goodwood Area of Leicester in Leicestershire.
- Large Housing Estate location with bus stop outside front door.
- Part of a parade of shops next to off licence and convenience store.
- Excellent parking facilities front.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area with local shops.
- Well linked with the M1.
- 2 Schools all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £67000. With a net profit of £26000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Chinese and Cantonese takeaway foods.
History
Phoenix Business Transfer Agents are delighted to place onto the market Newsagent which has been established since 1985. The business has been in the hands of the current owner since December 2009 and now wishes to sell due to concentrating on other business interests.
Services
This very good business opportunity provides Chinese and Cantonese takeaway foods.
Staffing
The concern employs no staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some 3 miles away.
Market
The client base consists of locals and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include lunchtimes and all day Sundays.
• Extend the home delivery service
• Becoming more efficient with staffing levels.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced and is part of a parade of shops and is approximately 40 ft x 30 ft. The front is branded with an attractive glass front. There are electrical shutters and a CCTV system. The main customer service area is tiled and the customer service point is to the left of the entrance with overhead menus.
It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
FIRST FLOOR
A very attractive flat comprising of a lounge, 2 bedrooms, a bathroom and a separate toilet.
EXTERNAL
To the front there is Large Paved pedestrian area with parking.
To the rear is a large garden shed and garage.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £7500.
FINANCIAL DETAILS
The present annual turnover is £67600. With a gross profit of 45% and a net profit of £26000.00. The wages are Nil. The present value of the stock is £7500.
Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
TRADING HOURS
Sunday-Thursday 5.00-11.00
Friday-Saturday 5.00-11.30
TENURE
The original length of the lease was 15 years with 11.5 years remaining. The rent is £6000 pa with a review in 1.5 years. The lease may be renewable or negotiable for longer term if required. The rates are Nil until October 2011.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £48,000
Ref: 2060
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2060 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | |
