Highly rated Chinese Takeaway
- Asking Price: £59,995 +SAV
We are advised as per the 2021 accounts, the business generated a turnover in the region of £152,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07204
Hilton Smythe are delighted to welcome to the market Jade Palace, a highly rated Chinese Takeaway located in Titchfield, Fareham.
Jade Palace was first established by our client in 2000, building up an excellent reputation during its time of trading. As seen by some online ratings and reviews, the business is extremely popular within the local area.
This traditional chinese takeaway has now come to the open market due to our clients desire to retire.
The run to suit chinese takeaway offers both collection orders and deliveries, and even employs their own delivery drivers.
Key selling points -
- Very sought after village location
- New 10 year lease in place
- Very large 4 bed owners accommodation included
- Private garden to the rear
- Endless scope to increase current turnover or extend/change the current menu
- Extend current opening hours
- Outside catering
- Further develop the residential accommodation & garden
- Add sit down restaurant space
- Extend delivery area
- Social media advertising
- Add delivery partners (Just Eat/Uber etc)
We are advised that the business has 4 members of staff.
The current trading hours are -
Monday - Closed
Tuesday – 5:00pm to 10:00pm
Wednesday – 5:00pm to 10:00pm
Thursday – 5:00pm to 10:00pm
Friday – 5:00pm to 10:00pm
Saturday – 5:00pm to 10:00pm
Sunday – 5:00pm to 10:00pm
Jade Palace is located on The High Street, in the heart of Titchfield, Fareham. It's a very affluent village located in southern Hampshire by the River Meon.
The business has eye catching signage and receives high levels of footfall and passing trade, surrounded by a mix of independent businesses and period housing.
Occupies a single fronted premises.
Ground floor -
- Customer waiting area
- Commercial kitchen
- Store room
- Conservatory/store room
- 3 double bedrooms
- 1 single bedroom
- Living room
- Family bathroom
- Very large rear garden/patio area.
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £1,600 per month.