Oodles Wok Franchise for Sale in Portsmouth Hampshire Due to Owner's Relocation
Portsmouth, Hampshire
- Status
FOR SALE
- Advert ID
645425
- Reference
B09386 / Rightbiz
- Call Agent:
- Leasehold: £180,000
- Turnover: £500,000 (£9,615 per week)
- Profit: £60,000 (12% Profit margin)
Business Details
Wok This Way – Established Oodles Wok Franchise in Portsmouth
BusinessPlease quote reference B09386
CoGoGo proudly presents to the market this established Oodles Wok franchise in the thriving city of Portsmouth.
Trading successfully under a well-known national brand, the business benefits from strong customer recognition, established systems, and ongoing franchise support.
Owned since 2024, the takeaway has built a solid local reputation for quality Chinese cuisine and efficient service. The business operates with an experienced team in place, making this an ideal opportunity for an owner-operator or investor seeking a branded food outlet with proven turnover.
The current owner is now looking to sell due to relocation abroad, presenting an excellent chance to acquire a profitable, ready-to-trade franchise.
Early viewing is highly recommended with CoGoGo!
Location
The business operates from a well-positioned premises in Portsmouth, benefiting from strong footfall and a busy surrounding commercial and residential catchment. The area supports consistent takeaway demand and repeat custom.
Premises
The premises are fitted in line with Oodles Wok brand standards, providing a modern, customer-facing ordering area and a fully equipped commercial kitchen. The unit is well presented throughout and designed for efficient takeaway service.
Tenure
Leasehold.
We are advised that there are approximately 13 years remaining on the current lease. Rent is £25,000 per annum, with business rates currently in the region of £600 per month.
Hours
The current trading hours are:
Monday to Sunday - 11:00 am to 11:00 pm
Staff
The business employs 8 staff members, ensuring smooth day-to-day operations and continuity of service.
Financial Profile
We are advised that the business generates an annual turnover of approximately £500,000, with a reported net profit of circa £60,000.
Contact Agent
Listing Statistics
Advert Statistics Graph
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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