Fish & Chips Kebabs Burgers & Italian Pizzas Takeaway For Sale

Business description

The business is situated in an excellent main road trading position with the advantage we understand of 140 flats being built close by.

SPACIOUS DOUBLE FRONTED PREMISES with tiled floor, counter, electronic cash register.

LEVEL KITCHEN with stainless steel extractor system, cladding to walls, 3 electric double deep fryers, 3 pizza ovens, 1 microwave oven, 2 chest deep freezes, 1 walk-in deep freeze, double sink and drainer etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £750 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises: 1 Double Bedroom Bathroom with bath, w.c. and wash hand basin Living Room Kitchen

Location:

Situated in a parade, main road trading position, close to University, CAMBRIDGESHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand that the turnover is mainly takeaway with a small amount of deliveries undertaken). Gross profit 60% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £229,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 11.45 a.m. - 2 p.m. & 5 p.m. - 12 midnight
Sunday opening - 5 p.m. - 12 midnight

Employees:

The business is at present operated by the vendor with the assistance of a relative on a full time basis plus 3 full time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance