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Leasehold Chinese street food restaurant and takeaway franchise in Loddon, Norfolk for sale.

Loddon, NorfolkEst. 6 years
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITY Photo 1
LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
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LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITYLEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITY
  • Leasehold: £400,000
  • Turnover: £1,248,000 (£24,000 per week)
  • Profit: Not Applicable

Business Details

LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS FRANCHISE OPPORTUNITY

ADVERT TEXT
LEASEHOLD CHINESE STREET BRANDED RESTAURANT & TAKEAWAY BUSINESS
FRANCHISE OPPORTUNITY

LOCATION
Located in a highly desirable trading area on the bustling Mile End Road, this property benefits from a vibrant mix of surroundings. It is nestled among a diverse array of eateries and enjoys a significant residential population, driving consistent foot traffic. Additionally, its proximity to Queen Mary University of London and several prominent hospitals enhances potential customer engagement, contributing to substantial trade opportunities.

BUSINESS
Established in 2020, this fully systemized Chinese street food brand offers an exceptional dining experience characterized by its vibrant flavors and a dynamic open kitchen. The business currently operates from two strategically located units, one on Mile End Road and the other in central Croydon, each featuring a high-end fit-out that creates a stylish and inviting eating environment.

This successful brand comes with unique proprietary recipes and robust operational systems that facilitate efficient management without necessitating constant owner presence. With significant brand promotion already in place, this business presents a unique opportunity for growth and expansion.

The operation is highly scalable and is available for purchase either individually or as a pair, making it an ideal investment for those looking to enter the food and beverage sector with a ready-made, reputable brand.

TURNOVER
We are advised that the business takes £24,000 pwk @ 60% GP.

STAFF
Fully staff operated.

HOURS
12.00pm - 11.00pm Mon to Sun

PREMISES
Single-fronted premises featuring a glass frontage that invites natural light into the restaurant area, which accommodates mixed seating for 26-30 patrons. The thoughtfully designed servery at the rear is equipped with illuminated menu displays and a state-of-the-art EPOS system, enhancing operational efficiency. A striking open kitchen, separated by a glass wall, showcases the high-end fresh cooking operation, adding a dynamic visual element for diners.

Customer restrooms are conveniently located at the rear, ensuring ease of access. Stairs lead down to a lower ground floor seating area that comfortably hosts over 50 covers with custom seating arrangements, ideal for private dining or larger gatherings. This space also provides access to essential storage rooms and a staff area, optimizing workflow and functionality.

On the first floor, dedicated office space offers a professional environment for management activities. Additionally, a comprehensive inventory of equipment is available for interested parties. This prime property offers an ideal opportunity for any hospitality business looking to make its mark in a thriving location.

OBSERVATIONS
Please Note: The Croydon Branch is also on the market. Turnover is £16,000 - £20,000 pwk. Rent £60,000 VAT per annum. Price £275,000. Our Restaurant| Take Away (Other) Reference:C1256.

TENURE
20 year lease from 2020. Rent £44,000 pa.

EPC RATING
Band B

BUSINESS RATES
TBA

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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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