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Profitable, Busy and Successful Chinese Restaurant plus Takeaway (Lancashire)

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
254318
Reference
609 / Rightbiz
Leasehold Price: Offers Invited
Annual Turnover: Available upon request
Annual Net Profit: Available upon request

Commercial Road are pleased to offer for sale this well regarded, successful and profitable licenced Chinese restaurant (and takeaway), based in Lancashire.

This business has outstanding reviews on trip advisor and Google and is described as “the best Chinese for twenty miles”. In fact it’s the only Chinese Restaurant where you can receive waiter service in the town it is located.

The business is offered on a leasehold basis (15-year lease), having been operated by the current owner since 1986, this business has a wide spread reputation and large regular client base from the surrounding areas and is only offered for sale today due to the owners wish to retire.

This business is currently operated run by 2 hands on owners, with the support of 11 part time members of staff. One of the owners is the chef and has agreed to offer a 8 week transition period to the new owners to help ensure that the new owners are comfortable with the menu and the running of the business.

The glass fronted premises are situated in a densely populated residential area of Lancashire and has 30 covers along with a small waiting area for takeaway customers, a bar, ladies and gents’ toilets and a recently refurbished, state of the art, kitchen, with a preparation area on the ground floor. The first floor of the premises has its own entrance at the rear and 3 bedroom living accommodation with lounge and bathroom which have never been let out by the current owner as they have been used as an office and storage area, leaving the opportunity for new owners to further increase income levels by way of renting out the accommodation above the restaurant if they have no need for living accommodation of their own. The business has ample parking for customers and a garage for the owner.

Current turnover levels of this business are achieved while trading evenings only just 5 days a week. 70% of orders are for takeaway meals and both take away and visiting customers numbers could easily be increased as the restaurant operates shorter than normal opening hours at present. The already high turnover levels could also be increased by way of offering deliveries to customers in the local area,and renting out the accommodation on the first floor.

It is expected that the restaurant will greatly benefit from a new 700 housing development, close to completion, less than 300 metres away from the business.

Tenure: Leasehold

EPC Grade: E

 

 

Please contact the Commercial Road team for further details, or to arrange a viewing.

 

IMPORTANT NOTES: These particulars do not constitute an offer, neither should they be relied upon as statements or representations of the fact or warranties of any kind. All interested parties must satisfy themselves, by investigation and due diligence activities, prior inspection and or formal entry before contact with their solicitor. Neither we, nor our principals, accept any responsibility whatever in respect of these particulars, which are simply offered as a general indication to persons who may be interested.

 

Viewings and negotiations are to be conducted STRICTLY through Commercial Road Limited. NO DIRECT APPROACH is to be made to the business under any circumstances.

Listing Details
Location: Undisclosed, Undisclosed
Sector: Chinese Restaurants, Take Aways Businesses
Key Features
  • Company for Sale
  • Accounts Available
  • Retirement Sale
  • Offers Invited
  • Prime Location
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Advert Reference: 609 / Rightbiz

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