For Sale
Highly rated franchise chinese takeaway opportunity for sale
Oldbury, West Midlands
- Asking Price: £39,995 +SAV
-
Turnover:
We are advised as per the 2023 accounts, the business generated a turnover in the region of £260,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07214
Hilton Smythe are delighted to welcome to the market Chop & Wok (Quinton), a highly rated contemporary chinese takeaway.
Chop & Wok (Quinton) was first established in 2019, before our client took over in 2021. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
Chop & Wok (Quinton) is a pan-Asian wok-based takeaway and restaurant set in a modern and conceptual environment, with an Asian fusion menu.
The business has now come to the open market as our client is looking to pursue other business interests.
Business activities -
- Exciting franchise opportunity
- A modern pan-Asian wok-based takeaway & restaurant concept
- Bright, youthful brand design
- Offer an Asian fusion menu, cooked in a live ‘food theatre’
- Menu includes lunchtime food on the go to evening dinners for friends and families
- Menu encompasses Chinese, Thai, Malay, Japanese & Indian flavours
- 100% Halal
- Split into 2 sections – the ‘Chop’ menu and the ‘Wok’ menu
- Sales – split between walk in customers and own website delivery orders to further orders taken by the delivery partners – Just Eat, Deliveroo & Uber
- Menu includes meal combo offers as well as ‘Build your own wok’ option
- Very contemporary Chinese street food concept
- Instagram page – 4,450 followers
- Own website – with online ordering
- Priced for quick sale!
- Original investment to open the store = £130,000
- Business handover offered
- Expanding franchise network
- Very busy location
- Instant opportunity to grow sales
- Extend the current opening hours to include lunchtime
- Promote larger orders/office meetings/celebrations
- Increase delivery area
- Promote more walk in customers
We are advised that the business has 4 members of staff.
The current trading hours are -
Monday to Sunday - 5:00pm - 10:45pm
Chop & Wok (Quinton) is located on the popular Hagley Road West, in Oldbury, West Midlands.
The business has eye catching signage and receives high levels of footfall and passing trade and benefits from being surrounded by housing.
Occupies a single fronted premises.
Ground floor -
- Customer waiting area and informal seating area
- Service counter
- Commercial kitchen
- Dishwashing area
- Storeroom/ walk in cold room
- Staff area & toilets
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 7 year lease. The rent is £15,000 per annum.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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