Leasehold Takeaway In Worcestershire Price Reduction For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £100,000 pa with a net profit of £25,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Pizzas and Burgers.

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

Services
This very good business opportunity provides Pizzas and Burgers.

Staffing
The concern employs 1 full-time and 3 part-time staff.

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

Marketing
The owner markets the business via residential leaflet drops and has a website on Yell.com.

Competition
As far as competition is concerned there are other similar businesses in this busy tourist destination.

Market
The client base consists of local residents with high levels of tourism and 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 and local and internet advertising.
• Increasing the opening hours to include Monday and lunch time trading.
• Increasing the product line to include fried chicken and kebabs.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

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.

Financial Details
The present annual turnover is £104,000 with a net profit of £25,000.
The potential turnover of the business within the next 2 years is forecast to reach £156,000 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 15 years with 15 years remaining. The rent is £15,600 pa with a review in 2016. The lease may be renewable or negotiable for longer term if required. The rates are £740

Leasehold rent:

£15,600 per annum

Living accommodation:

On the first floor there is a very spacious and well presented 4 bedroom apartment with living room, kitchen and bathroom.

Location:

- Situated in the Bridge Street area of Stourport on Severn in Worcestershire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- 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.
- Commercially thriving area.
- Well linked with the A451, A4025 and A449.
- Kidderminster, Droitwich and Bromsgrove all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 300 sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area has vinyl flooring. It is very well presented and is very conveniently laid out.

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

Size in square feet:

approximately 300 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 and local and internet advertising.
• Increasing the opening hours to include Monday and lunch time trading.
• Increasing the product line to include fried chicken and kebabs.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there are other similar businesses in this busy tourist destination.

Reasons for selling:

he now wishes to sell due to other business interests.

Trading hours:

Tuesday to Sunday: 4pm – 10.30pm
Monday: Closed

Employees:

The concern employs 1 full-time and 3 part-time staff.

Years established:

established since 2011

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:

£60,000 (included in the asking price)