For Sale

Restaurant

CS0175 Chop Wok Take Away Franchise


£55,000 OIRO

Mailbox Estates are delighted to welcome to the market an opportunity to acquire a outstanding Chinese takeaway and noodle bar Franchise,

The Chop and Wok Franchise has nine major stores with many more new and exciting stores opening very soon across the UK.

The store offers a Dine In or a Take Away option, with a wide range of cuisines such as Pan-Asian, Thai, Indian, Malaysian and Japanese leaving its customers spoilt for choice. Cooked in a live 'food theatre' where all is visible while catering for all by offering a super healthy choices including low calorie and oil free options since 2009.

Not only have Chop and Wok been named the cleanest Takeaways in Birmingham! By the Birmingham Mail Newspaper it has also Majorly Grown its name by offering free food to key workers during the pandemic.

THE OPPORTUNITY:
* Established franchise since 2009
* Fully refurbished to a high standard with seating area.

* Start up franchise fee of £3,500

* Perfect trading position with large loyal customer base and repeat trade
* Halal registered
* Ideal owner managed or partnership business
* Current owner happy to offer a handover to ensure the continued success.
* LPG converted to reduce utility bills
* There are several car park spaces available to the front of the property along with car parks in walking distance.


TURNOVER:
* We have been advised that the current turnover is on average £4,000 per week.
* The business currently uses Just Eat, Uber Eats and Deliveroo.
* PRE-COVID The turnover was £9,000 -£10,000 weekly sales.

RENT:
*The rent per month is £850.
*The rental income from the accommodation is £800 per month, leaving just £50 per month payable for the business.


LOCATION:
* High Street location with huge amount of footfall from neighbouring businesses and repeat trade.
* The store is well presented and maintained, with clear visible signage.


REASON FOR SALE:
*Our client reluctantly sells this gem of a business due to other commitments that require their full attention.

STAFF:
*The store is run under Family management of four part time staff.

ACCOMMODATION:
* Included in the property is a three bedroom shared accommodation with 2/3 of its rooms currently occupied, along with shared communal areas such as living and dinning, bathroom and kitchen.
* Separate accesses via rear of the store.
* The property currently achieves a rental income of £800 per calender month.

TENURE:
*The site is offered by way of the transfer with 7 years remaining and an option to renew at the end of the term.

TRADING HOURS:
*Monday - Closed
*Tuesday -Thursday 12:00pm -10:45pm
*Friday - Saturday 12:00pm -11:45pm
*Sunday - 12:00pm -10:30pm

FIXTURES AND FITTINGS:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price such as:
* Stock Fridge
* Lincat food warmer
* Lincat 2 pan chip pan
* Salad Bar
* Coca cola Fridge
* Heavy duty stainless steel 7 pan LPG Chinese Wok cooker
* Chiller room
* Epos System
* CCTV
* Commercial fridge

BUSINESS RATES:
* Purchasers should enquire with relevant local authorities to confirm the rates payable..

LEGAL COST:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are the vendor and buyers responsibility. This will be shared equally and payable by both parties.

TRADING INFOMATION:
* Full accounts will be made available to seriously interested parties after they have viewed the business
* Please note, as this is a confidential sale, the true location of this shop has not been disclosed. Please contact us should you wish to know the exact store location.

DEPOSITS:
* Successful bidders will be required to pay a non-refundable deposit to the marketing agent, Mailbox Estates. The deposit will be set off against the agreed purchase price on completion of a sale. In the unlikely event that the vendor withdraws from a sale, deposits will be repaid in full.

However, in the event that a purchaser reneges on the agreed terms and conditions of a sale and purchase, the deposit/s will be forfeited

Viewing is highly recommended, strictly via AGENT ONLY.


Tenure: Leasehold (8 years)
Loading...
Loading...

Can't find what you are looking for?


Our helpful team are on hand to answer any queries and concerns you may have.


Get in Touch

This website uses cookies. We use cookies to provide social media features and to analyse our traffic.
You consent to our cookies if you continue to use our website. Read our cookie policy. I understand