Business for sale

Business description

Turnover: We are informed the turnover averages £3,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features SPACIOUS SINGLE FRONTED PREMISES with tiled floor, fluorescent lighting. The equipment includes 2-pan gas counter range, electronic cash register, double door upright glass fronted drinks display fridge (on loan from Coca Cola).

Preparation room with potato chipper and peeler, sink and drainer, fish fridge etc.

Staff cloakroom with w.c. and wash hand basin


Staff: The business is a family run concern with 3 full time and 1 part time staff.


Opening Hours Monday - Saturday inclusive - 11.30 a.m. - 9.30 p.m.
NO SUNDAY TRADING


Accommodation The accommodation in the form of a SELF CONTAINED FLAT is at present let on a shorthold tenancy and provides a rental income of £200 p.w. however, we understand that vacant possession can be given on completion. The accommodation comprises:

1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen


Tenure We understand the premises are held on a secure renewable lease having approximately 15 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,800 p.a. approx. + water rates (metered)

RECOMMENDED FOR EARLY INSPECTION


Reference : R8156