Freehold Chinese Takeaway Taunton Somerset For Sale

Taunton, Somerset, United Kingdom

Advert ref: 10700

Business description

Bag a Business is pleased to offer for sale this popular thriving Chinese takeaway, which was established many years ago and has been under the proud ownership of our client since 1992. It is now, reluctantly, being offered to the market as our client wishes to develop his other businesses. The bustling takeaway is run with help from one full-time member of staff (wage bill £18,000) and achieves a healthy turnover in the region of £73,000, whilst enjoying a gross profit of £54,800. This is further enhanced by the spacious owner's accommodation, which has the benefit of the possibility of being extended into the attic, which already has a Velux style window installed. We are also advised that planning permission has been granted (which may have lapsed) to convert the first floor into a restaurant area. We feel that this opportunity represents an ideal base for a new owner to build upon, as it would lend itself to a variety of catering uses. Early viewing of this unique opportunity is strongly recommended.

Property:

Freehold

Lease terms

Freehold

Living accomodation

Well presented two-storey premises. Briefly comprising: GROUND FLOOR Customer waiting area Office/rest room Commercial kitchen Wash up area Cold room FIRST FLOOR Lounge Bathroom 2 bedrooms Access to loft, which contains a Velux style window EXTERNAL Driveway with parking for four cars Garden Shed containing walk-in freezer

Location

Chef Peking is situated on the Upper High Street in Taunton, which is one of the main roads that run through the town. It enjoys ample on and off street parking. The area contains a wealth of complementary shops and businesses, as well as good educational facilities. It also has some of the best leisure facilities available. The business draws its trade from the densely populated surrounding area as well as from those who travel from further afield for the excellent food offered. Taunton is the county town of Somerset and is home to Somerset County Museum and the County Cricket Ground where Somerset County Cricket Club play. Although set in picturesque countryside, it enjoys excellent links as it is adjacent to the M5 motorway, which connects with the M4 motorway at the nearby city of Bristol and leads to Wales to the west, and London to the east.

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Financial details

Asking price:£320,000

Sales revenue:£78,000

Net profit:£54,000

Furniture / Fixtures value: Undisclosed

Inventory / Stock value: Undisclosed

Photos