Business for sale

Business description

Turnover: We are informed the turnover averages £1,600 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 65% approx.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features DOUBLE FRONTED PREMISES. Customer's area with ceramic tiled floor, suspended ceiling with fluorescent lighting. 2 tables plus 8 chairs. Long counter, electronic cash register, illuminated menu board. Breakfast bar with 4 high stools. Upright double door drinks display fridge (on loan from Coca Cola).

Open plan level kitchen. The equipment includes 6-burner gas cooker, 3-burner gas cooker, tandoori oven, deep fryer, Henny Penny chicken pressure cooker, kebab machine, walk-in coldroom plus walk-in deep freeze, chest deep freeze, double sink and drainer etc.

Staff cloakroom with w.c. and wash hand basin


Staff: The business is at present operated by the vendor with the assistance of 3 full time staff.


Opening Hours 12 noon - 10 p.m. seven days per week


Tenure We understand the premises are held on a secure renewable lease having approximately 6 years unexpired at a rental of £10,440 p.a. exclusive of rates for the next 1 year with a review at that time and every five years thereafter.

It should be noted that the adjoining shop is let to an Estate Agents on a monthly agreement and provides a rental income of £1,080 per month inclusive of rates. As will be appreciated, with the current rental for the business plus adjoining shop at only £10,440 there is a profit rental at the present time of £2,520 p.a.

Uniform Business Rates currently £4,110 p.a. payable by the owner of the business.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED


Reference : R8465