Top-rated Chinese takeaway franchise for sale in Oldbury, West Midlands
Oldbury, West Midlands
- Status
FOR SALE
- Date Submitted:
21/02/23
- Advert ID
508725
- Reference
B07214 / Rightbiz
- Call Agent:
- Leasehold: £39,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Highly rated franchise chinese takeaway opportunity for sale
BusinessPlease quote reference B07214
CoGoGo 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
Location
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.
Premises
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.
Hours
The current trading hours are -
Monday to Sunday - 5:00pm - 10:45pm
Staff
We are advised that the business has 4 members of staff.
Financial Profile
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.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
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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