Refurbish Empty Fast Food Take Away Unit 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).
- A business unit with great potential which has not been exploited .
- An easily run operation.
- A good first time buyers business and ideal purchase for couple
- Low rent and rates.
- Very low overheads.
- An ideal unit for coffee bar/Burger/Kebab shop or Pizza unit has A5 use
- The unit has been refurbished to a high standard with new gas supply.

History
We are delighted to place onto the market this Takeaway unit which has been established since 2011 The business has been in the hands of the current owner since 2011 and now wishes to sell.

Services
This very good business opportunity provides a fully refurbished Fast Food unit.

Staffing
The concern employs no staff at this time

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

Competition
There is no local competition.

Market
The client base consists of locals and passing.

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 daytime and evening.
• Increasing the product line to include burgers/pizza/Tea or coffee sandwich bar.
• With the introduction of a website and e-commerce.
• With an enhanced website.
• With home delivery

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 £nil The present value of the stock is £nil.
The potential turnover of the business within the next 2 years is forecast to reach £100,000 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 a rolling monthly lease The rent is £9600pa The lease may be renewable or negotiable for longer term if required. The rates are £1400.

Leasehold rent:

£9,600 per annum

Location:

- Situated in the busy area of Romford in Essex.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by 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 local area by road.
- Romford central and main line station 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; The front is branded with an attractive glass front. There are electric shutters and a CCTV system. 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 fitted kitchen.

Business Operation

Expansion potential:

There is no local competition.

Reasons for selling:

Other business intersts

Trading hours:

To be agreed

Employees:

The concern employs no staff at this time

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:

£26,000 (included in the asking price)