FOR SALE
27/02/18
212416
AC355 / Rightbiz
Popular Chinese Takeaway/Restaurant
Ref. AC355
Location :Annalong, Co Down, Northern Ireland
Asking Price : £130,000
First established in the late 1990’s, this popular Chinese takeaway/restaurant is situated in a quaint village in Ireland. The business principally trades as a takeaway, but offers a dine-in restaurant service offering a welcoming and relaxed atmosphere. The vendors have been praised for their outstanding service and fresh, quality food. Currently the vendors take a hands-on approach and are involved in the daily running of the business. As a result, the business enjoys high levels of repeat business and has received excellent word-of-mouth recommendations.
At present, there are 3 full-time and 3 part-time employees.
Wednesday – Sunday
17:00 – 23:00
Key Considerations:
• Ideally situated on the main coastal road
• 5 room accomodation above the shop floor which can be occupied for staff or owners
• Stable client base
• Profitability
• Well established
• Fresh and high-quality food
• Friendly and welcoming atmosphere
• No local competition
• Potential for buffet-style service which would increase clientele and turnover
• Home delivery
• Well preserved equipment
• Advertisement via Facebook and TripAdvisor
• Outstanding reviews on TripAdvisor
• NOT vendor dependant
• Scope for greater turnover if the business were to open on Mondays and Tuesday
• Potential for lunch-time service
Financial Information:
Turnover c£192k
Gross Profit c£128k
EBITDA c£34k (before drawings)
Equipment value £40-50,000
The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Asking Price:
The business is for sale for £130,000 to include the Goodwill and equipment.
Next steps:
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
All enquiries or requests for additional information should be submitted or directed to Turner Butler. e-mail: [email protected] telephone Head Office: 01895 256000
Looking for finance ?
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at [email protected]
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'Popular Chinese Takeaway Restaurant Annalong, Co Down, Northern Ireland - AC355 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.