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Chinese Takeaway And Two Bed Accommodation In Prescot For Sale

Prescot, Merseyside, UK
Asking Price:
£199,999 Furniture / Fixtures included
Sales Revenue:
£75,679
Cash Flow:
£16,927

Situated In a Residential Area
Established Since 1998
Accounts Year End 31st March 2019
Annual Turnover £75,679(Audited)
Gross Profit £23,276 (Audited)
Year End Accounts Available After Viewing
2 Bedroom Accommodation
0.2 Miles From The Town Centre
Reason For Sale - Retirement Sale
Scope For Online Presence
Scope to Increase Trading Hours
Large Customer Base
EPC - D

REF 5617 – Freehold Chinese Takeaway with Accommodation

Blacks Brokers are proud to bring to the market this freehold Chinese takeaway with two bedroom accommodation, located in the much sought after area of Prescot, Merseyside.

INTRODUCTION

Chung Ku has been trading for over 30 years, with our client in ownership since 1998. During that time, it has firmly established itself within the local community as a trusted food outlet and has become very popular, gaining a large base of regular customers.

LOCATION

Prescot is a large town in Knowsley, Merseyside. The area is densely populated. Station Road is a busy main road with plenty of passing traffic, along with many other local businesses. The trading position is close to the railway station, garages, schools, parks and the local hospital. Parking is available close by, both roadside and car parks. There are also two shopping centres within walking distance.

REASON FOR SALE

The business is only being offered for sale as our client is looking to retire.

BUILDING LAYOUT AND DESIGN

The business is housed within the ground floor of a large, corner, terrace property set over four storeys, other properties on the street are a mix of residential and business. The property is all whitewashed plaster with an integral garage which was added as an extension in 2009. The business is well branded with clear signage displayed. Inside, the servery area is well presented with stainless steel counter and menu boards displayed behind. To the rear is a large, well equipped kitchen and food preparation area, all equipment is of a good quality and is well maintained.
The accommodation is set on the first floor and comprises of a large living room (currently used as an office) along with two large, double bedrooms and a shower room with toilet. The accommodation is in need of some decorating and upgrading in the kitchen.

STAFF

The business is currently operating with only our client in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business is projected to generate an annual turnover of £75,679 and a Gross Profit of £23,276 with strong net profits. Many customers are from the local area as one would expect, with plenty of additional trade from passers-by.

SUMMARY

This freehold business and property offer a new owner a selection of opportunities, from owner/operator with the accommodation to renting out the business and/or accommodation. The business has a superb reputation and long trading history with customer base already established. There is plenty of scope to develop the business further with an online presence, stronger delivery service (currently deliveries done by local taxi firm) and potentially online partnerships with websites such as HungryHouse. Early viewings are strongly advised.

Property Information

Property:

Freehold

Business Operation

Trading hours:

MON: 16:30 - 23:00
TUE: CLOSED
WED: 16:30 - 23:00
THU: 16:30 - 23:00
FRI: 16:30 - 23:00
SAT: 16:30 - 23:00
SUN: 16:30 - 22:30

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