Business for sale

Business description

Situated end of parade, busy area, close to City Centre, Leicester

Turnover We understand the business was opened in February, 2005 and we are advised that the turnover at the present time is in the region of £3,000/£4,000 p.w. in our opinion offering tremendous potential for further increase under personal supervision. Gross profit 60% approx.

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

Features Outstanding opportunity to acquire a newly fitted Fast Food Takeaway specialising in Burgers, Chicken, Chips etc. The business occupies an excellent trading position with the benefit of a large club opposite. We understand that the business enjoys a high volume of customers in the evenings.

New shop front to spacious premises, all refurbished and newly fitted. Quality tiled floor, suspended ceiling with concealed lighting, illuminated menu board. Breakfast bar with 3 stools. Attractive counter, electronic computerised cash register, upright glass fronted drinks fridge. CCTV system including 2 cameras plus monitor.

Open plan cooking area with Henny Penny pressure chicken cooker, double basket deep fryer, chip skuttle, 2 stainless steel extractor units, chicken double HCW warmer display cabinet, stainless steel table, bun warmer, electric breading table, chest deep freeze, microwave oven, walk-in coldroom, double sink and drainer, wash hand basin etc.

Staff w.c. and wash hand basin

Staff The business is at present operated by the vendor on a very part time basis and is therefore mainly staff run with 3 full time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Opening Hours Sunday, Monday, Tuesday, Wednesday - 11 a.m. - 3 a.m.
Thursday, Friday & Saturday - 11 a.m. - 4 a.m.

Accommodation The accommodation in the form of a SELF CONTAINED MAISONETTE over is at present let on a shorthold tenancy and provides a rental income of £450 per month, however, we understand that vacant possession can be given on completion. The accommodation comprises:

2 Double Bedrooms
Shower room with shower, w.c. and wash hand basin
Lounge
Large Kitchen
Outside Yard at rear.

Tenure We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approx. 11 years unexpired at a rental of £15,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £2,800 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R7166