Leasehold Takeaway In Frome Somerset For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £160,000 with a net profit of £41,600. (See financial summary below).
- A business with great potential which has not been exploited because the current owner has to commute.
- An easily run operation.
- A good first time buyers business and ideal purchase for a family run operation.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides kebabs, burgers, fried chicken and pizza with home delivery.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Takeaway in Frome, Somerset which has been established since 1989. The business has been in the hands of the current owner since 2011 and he now wishes to sell due to other business commitments.

Services
This very good business opportunity provides kebabs, burgers, fried chicken and pizza with home delivery.

Staffing
The concern employs no members of staff and is a family run business.

Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business via leaflet drops.

Competition
As far as competition is concerned there are 2 similar businesses within the town centre area.

Market
The client base consists of locals, tourists 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 opening hours to include lunch times.
• 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 terraced, part of a parade of shops and is approximately 500 sq ft. The property also has an additional floor currently used for staff accommodation. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out.

To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £70,000.

Financial Details
The present annual turnover is £166,400 with a gross profit of 60% and a net profit of £41,600. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £220,000 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 is 12 years with 12 years remaining. The rent is £18,000 pa with a review in 2016. The lease may be renewable or negotiable for longer term if required.

Leasehold rent:

£18,000 pa per annum

Living accommodation:

The property also has an additional floor currently used for staff accommodation.

Location:

- Situated in the Town Centre area of Frome in Somerset.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Trading 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 A362, A361 and A3098.
- Bath, Trowbridge, Warminster and Westbury all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 500 sq ft. The property also has an additional floor currently used for staff accommodation. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out.

To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.

Size in square feet:

500 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 opening hours to include lunch times.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there are 2 similar businesses within the town centre area.

Reasons for selling:

Owner wishes to sell due to other business commitments.

Trading hours:

Sunday to Wednesday: 4.00 pm – 1.00 am.
Thursday to Sunday: 4.00 pm - 1.30 am.

Employees:

The concern employs no members of staff and is a family run business.

Years established:

Established since 1989

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:

£70,000 (included in the asking price)

Inventory / Stock value:

£5,000