Established And Highly Profitable Indian Food Takeaway For Sale

Business description

This old established business has been in the same hands for the past 20 years and there are genuine reasons for sale. In our opinion the business offers tremendous potential for further development, especially with deliveries being undertaken.

IMPRESSIVE & SPACIOUS CORNER PREMISES, fully equipped including 2 large cool display serveover counters. Breakfast bar with 3 stools. Stainless steel extractor unit, Tandoori oven, chicken rotisserie, kebab grill, 2 commercial microwave ovens.

Rear preparation kitchen with 2 large electric kettles (automatic cookers), 2 coldrooms.

Rear section with glass chiller, bread pan (cooker), kebab moulding machine, Valentine deep fryer, double sink and drainer.

Staff cloakroom with w.c. and wash hand basin

First Floor
3 rooms plus 1 small room used for storage and having 7 chest deep freezes, mincer, dough mixer.

Staff toilet

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £3,000 p.a. approx.

AS STATED THIS BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

OUTSTANDING OPPORTUNITY TO ACQUIRE A HIGHLY PROFITABLE INDIAN FOOD TAKEAWAY, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER INCREASE, ESPECIALLY WITH THE INTRODUCTION OF DELIVERIES.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Occupying a corner position, excellent main road trading location, residential and commercial area, SURREY

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £10,000 p.w. takeaway only, in our opinion offering tremendous potential for further increase with the introduction of deliveries to the local area. We are further advised that the sales year ending 3rd October, 2008 showed £530,757 with a gross profit of £240,073 and a net profit year ending October, 2008 of £105,860 (after adding back the rental payable and depreciation).

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £240,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 12 Midnight seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.