Popular Chinese Takeaway Restaurant Annalong, Co Down, Northern Ireland

Popular Chinese Takeaway/Restaurant
Ref. AC355
Location :Annalong, Co Down, Northern Ireland
Asking Price : £130,000

First established in the late 1990’s, this popular Chinese takeaway/restaurant is situated in a quaint village in Ireland. The business principally trades as a takeaway, but offers a dine-in restaurant service offering a welcoming and relaxed atmosphere. The vendors have been praised for their outstanding service and fresh, quality food. Currently the vendors take a hands-on approach and are involved in the daily running of the business. As a result, the business enjoys high levels of repeat business and has received excellent word-of-mouth recommendations.

At present, there are 3 full-time and 3 part-time employees.

Wednesday – Sunday
17:00 – 23:00

Key Considerations:

• Ideally situated on the main coastal road 
• 5 room accomodation above the shop floor which can be occupied for staff or owners
• Stable client base
• Profitability
• Well established
• Fresh and high-quality food
• Friendly and welcoming atmosphere 
• No local competition
• Potential for buffet-style service which would increase clientele and turnover
• Home delivery
• Well preserved equipment 
• Advertisement via Facebook and TripAdvisor
• Outstanding reviews on TripAdvisor 
• NOT vendor dependant
• Scope for greater turnover if the business were to open on Mondays and Tuesday
• Potential for lunch-time service

Financial Information:

Turnover c£192k
Gross Profit c£128k
EBITDA c£34k (before drawings)
Equipment value £40-50,000

The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Asking Price:

The business is for sale for £130,000 to include the Goodwill and equipment.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler. e-mail: [email protected] telephone Head Office: 01895 256000

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at [email protected]