Leasehold Highly Profitable Restaurant & Takeaway Price Reduced For Sale

Business description

Business Details
The particular highlights of the business are:
- A fully equipped business with favorable lease terms (see below).
- Turnover in excess of £150,000 with a net profit of £52,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner has been stretched with three other businesses to oversee.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides Halal kebabs, wraps, fish & chips, burgers, side orders, sweets and drinks with free delivery on orders over £13 within a 2 mile radius.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Highly Profitable Restaurant and Takeaway which has been established since 2009. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to having other business interests.

Services
This very good business opportunity provides Halal kebabs, wraps, fish & chips, burgers, side orders, sweets and drinks with free delivery on orders over £13 within a 2 mile radius.

Staffing
The concern employs 2 full time and 1 part time members of staff.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.


Competition
There is no local competition.

Market
The client base consists of local residents and high levels of passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the product line to include pizza and fried chicken.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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 Details
The property is semi-detached, part of a parade of shops and is approximately 700 sq ft. The front is branded with an attractive glass front. The main customer service area is situated to the left. It is very well presented and is very conveniently laid out. The restaurant/takeaway has 16 covers. There is an overhead menu. There are customer toilets.

To the rear is also a store room.

First Floor
On the first floor there is a self contained 3 bedroom flat which has gas central heating, double glazed windows and generates £11,000 of revenue per year which is in addition to all trading figures supplied by the vendor.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £16,000.

Financial Details
The present annual turnover is £156,000 with a gross profit of £90,000 and a net profit of £52,000. The wages are £32,000. The present value of the stock is £500.
The potential turnover of the business within the next 2 years is forecast to reach £185,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 19 years remaining. The rent is £20,000 pa with a review in 2014. The lease may be renewable or negotiable for longer term if required. The rates are £3,800 pa.

Leasehold rent:

£20,000 pa per annum

Living accommodation:

On the first floor there is a self contained 3 bedroom flat which has gas central heating, double glazed windows and generates £11,000 of revenue per year which is in addition to all trading figures supplied by the vendor.

Location:

- Situated in Hanworth Road area of Hounslow in Middlesex.
- Prominent location on main arterial road.
- Part of a parade of shops with some 15 units and a popular Public House.
- Excellent free parking facilities for customers.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A314, A316 and A312.
- Hounslow Town Centre, Feltham and Twickenham all lie close by.
- Area enjoying much growth and re generation.
- Excellent local demographics for this type of area.

Premises details:

The property is semi-detached, part of a parade of shops and is approximately 700 sq ft. The front is branded with an attractive glass front. The main customer service area is situated to the left. It is very well presented and is very conveniently laid out. The restaurant/takeaway has 16 covers. There is an overhead menu. There are customer toilets.

To the rear is also a store room.

First Floor
On the first floor there is a self contained 3 bedroom flat which has gas central heating, double glazed windows and generates £11,000 of revenue per year which is in addition to all trading figures supplied by the vendor.

Size in square feet:

700 sq ft

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 including local and internet advertising.
• Increasing the product line to include pizza and fried chicken.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due to having other business interests.

Trading hours:

Monday to Sunday: 12 noon – Midnight.

Employees:

The concern employs 2 full time and 1 part time members of staff.

Years established:

2 Years

Other information

Support & training:

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.

Furniture / Fixtures value:

£16,000 (included in the asking price)

Inventory / Stock value:

£500