Indian Takeaway In Chelmsford Essex For Sale

Business description

The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £68,000 pa with a net profit of £15,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been due to other business ventures. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Indian Takeaway Restaurant which has been established since1999. The business has been in the hands of the current owner since 1999 and he now wishes to sell due to other business ventures.

Services
This very good business opportunity provides Indian Takeaway with planning permission obtained to finish off seated restaurant and to complete total refurbishment of same.

Staffing
The concern employs 5 staff. 2 are full time and 3 are part time. The total wage bill is approx £20,000. There is also a manager who is paid £5,200.
Role
The owners’ role is managing and working in the business and works full time.

Marketing
The owner markets the business locally and renews advertising every two months but does not have a website.
Competition
As far as competition is concerned there is none locally.
Market
The client base consists of local community and business persons

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 12 years with 12 years remaining. The rent is £15,000 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £0

Location:

- Situated in Mayland area of Chelmsford in Essex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of local community and business persons
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A132, and good railway links

Premises details:

The property is terraced and is part of a parade of shops and is approximately 14ft x 12 ft at the front, and the restaurant section approx 20ft x 14ft which is being totally refurbished. The front is branded with an attractive glass front. The main customer service area is tiled with a counter and seating area. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there is none locally

Reasons for selling:

other business ventures

Trading hours:

Monday to Friday - Monday closed, Tuesday to Thursday – 17.00 – 22.00
Saturday 17.00 – 22.30
Sunday – 17.00 – 22.00

Employees:

The concern employs 5 staff. 2 are full time and 3 are part time. The total wage bill is approx £20,000. There is also a manager who is paid £5,200.

Years established:

1999

Other information

Furniture / Fixtures value:

£20,000 (included in the asking price)