Chinese Takeaway in Westcliff on Sea Essex - 20+ Years Established Business for Sale
Westcliff on Sea, Essex
- Status
FOR SALE
- Date Submitted:
31/01/23
- Advert ID
507485
- Reference
C6685E 258026 / Rightbiz
- Call Agent:
- Leasehold: £85,000 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Business Details
CHINESE TAKEAWAY
CHINESE TAKEAWAY - WESTCLIFF-ON-SEA - A very long established Chinese takeaway business, which has been owned and operated by our client for in excess of 20 years who is now bringing the business to market with a genuine reason for sale, due to his retirement. The premises is situated in a good trading location, providing good levels of passing trade and also benefitting from free lay-by parking directly to the front of the shop. 7 years unexpired on the lease at a rental of £12,300 per annum. Strong established turnover supported by a highly profitable set accounts, with the most recent year ending 31st of March 2022 confirming a reconstituted net profit in excess of £85,000. The business is being sold with all fixtures, fittings and equipment included within the sale price which includes a large walk-in freezer. The premises has low overheads, further benefitting from zero business rates payable.Viewing recommended. OUR REF: RX258026 C6685E
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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.
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