| (REF: 2424) Chinese Restaurant And Takeaway, Saffron Walden, Essex |
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| Seller Reference: |
2424 |
| B4S Reference: |
31856 |
| Asking Price: |
£650,000
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| Net Profit: |
£20,000 |
| Sales Revenue: |
£250,000 |
| Number of Staff: |
6 |
| Established For: |
38 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Saffron Walden, Essex, United Kingdom |
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The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £250,000 pa with a net profit of £20,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
Services
This very good business opportunity is family run and provides Chinese food and takeaway
Staffing
The concern employs 6 staff who are full time. Financial details relating to wages will be provided on request.
Owners Role
The owners role is managing the business and works when required.
Marketing
The owner does not market the business and does not have a website.
Competition
As far as competition is concerned there are 3 locally and 2 takeaway restaurants.
Market
The client base consists of local community and business persons.
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 Tuesdays.
With the introduction of a website and e-commerce.
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.
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
On the second floor there is 4 bedrooms and a basement which is used for storage. |
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Location: |
- Situated in Saffron Walden area of Essex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of local and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A1301, M11, A12 and good railway links
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As far as competition is concerned there are 3 locally and 2 takeaway restaurants |
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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 Tuesdays.
With the introduction of a website and e-commerce
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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 |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Mon, Wed, Thurs, - 5.00pm 10.30pm
Fri, Sat, - 12.00noon 2.00pm then 5.00pm 11.00pm
Sunday 12.00noon 2.30pm then 5.00pm 10.30pm
Tuesday Closed
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The concern employs 6 staff who are full time. Financial details relating to wages will be provided on request |
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