Successful Chinese take-out restaurant in Lancashire. The business is very profitable and has all the necessary licenses for comfortable work. The current owners have been running the business for 35 years and have invested a lot of time and effort into it to make it so profitable and successful. The restaurant is very well known in the city as it has a large customer base and a lot of good reviews on different platforms. The restaurant has a Google description: “the best Chinese at twenty miles.”
The building, which houses the restaurant, consists of 30 rooms. The premises of the restaurant have a beautiful glass facade that attracts passers-by. There is a waiting area for customers waiting for takeaway, a bar, toilets and a well-equipped kitchen. The ground floor has 3 bedrooms, a living room and a bathroom (not rented). Residential premises can be rented by the new owners or, if necessary, lived there. There is also parking for customers and a separate garage for the owner’s car.
At the moment the restaurant is open 5 days a week in the evening. Due to the pandemic, the restaurant has short opening hours that can be extended. Takeout food is the main source of income for the establishment, accounting for 70% of sales. The new owner can add a food delivery function to promote the business and generate more revenue.
Now the restaurant employs 11 qualified professionals and 2 owners (one of the owners is the restaurant’s chef).
Business premises are rented from the owner. The lease agreement is for 15 years.
The current owners are selling the business because they are ready to retire, so they are looking for a qualified buyer who can run the business successfully. The owner who works as a chef is ready to stay in the transition period to ensure a smooth transition of the business and to make sure that the menu and business are suitable for the new owners.
