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Available🔒 Confidential

Established Chinese Takeaway – Large Premises & 11-Year Lease

Food & Hospitality · East of England · Great Yarmouth / Bradwell · UK-02962

Asking price£120,000.00
Annual revenue£208k
Employees5
TransactionAsset Sale
Views96

Business overview

Established family-run Chinese takeaway business offered for sale as a going concern. The business has an established customer base and currently generates approximately £4,000 in weekly revenue.

The premises are generously sized and include a customer seating area, large commercial kitchen, outside customer area and parking for approximately 2–3 cars. An external shed provides additional storage space.

The commercial kitchen is well equipped for Chinese takeaway/restaurant operations and includes six gas wok cooking stations, refrigerators, freezers, microwaves and a range of commercial kitchen equipment and utensils. The sale includes furniture such as tables and chairs, kitchenware, knives and other equipment required for the continued operation of the business.

Also included are the business telephone and card payment facilities.

The premises are leasehold, with approximately 11 years remaining on the current lease. Annual rent is approximately £7,250.

The business represents an opportunity for an existing food operator or an owner-operator looking to acquire an established Chinese takeaway with substantial premises, existing equipment and a long remaining lease term.

Further financial information and additional details can be provided to serious prospective buyers during the sales process.

Business model

Established family-run Chinese takeaway business serving local customers through takeaway and food orders. The business operates from a substantial leasehold premises with a fully equipped commercial kitchen and customer seating area. Revenue is generated primarily through food sales, with average weekly revenue of approximately £4,000. This is perfect property for catering or even a retail convenience store.

Customers and revenue

The business serves a broad local customer base, including regular takeaway customers and local residents. The established customer base provides consistent weekly trade and the business has been operated as a family-run business.

Owner involvement and transition

The business is currently family-run. The owners are willing to provide a reasonable handover period to assist the purchaser with the transition and familiarise them with the operation, premises, equipment and day-to-day running of the business.

Reason for sale

Retirement

Premises and property

Large leasehold premises in the Great Yarmouth/Bradwell area, comprising a customer seating area, commercial kitchen, outside customer area and parking area with space for approximately 2–3 cars. The premises also benefit from an external shed providing additional storage.

The commercial kitchen is equipped for Chinese cooking and includes six gas wok cooking stations together with refrigeration, freezer and microwave facilities. The business has approximately 11 years remaining on the lease. Annual rent is approximately £7,250.

The sale is for the leasehold business and operating assets; the property itself is not freehold.

Assets included

The sale includes the business goodwill and operating equipment, including tables and chairs, refrigerators, freezers, microwaves, six gas wok cooking stations, kitchen equipment, knives, kitchenware and other utensils. Also included are the existing card payment machines and business telephone.

The external storage shed and associated business equipment are also included as part of the sale.

Growth opportunities

Potential opportunities exist to increase revenue through extended opening hours, delivery and online ordering, local marketing, menu development and increased utilisation of the substantial premises. The new owner may also be able to develop the outside customer area and make further use of the available storage and kitchen facilities, subject to any required permissions.

Preferred buyer profile

The business may suit an experienced takeaway or restaurant operator, existing food business owner, chef, family-run operator or entrepreneur looking to acquire an established Chinese takeaway with substantial premises, existing equipment and a long remaining lease.
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