Semi Detached Takeaway Fish And Chips Plus Kebabs For Sale

Business description

SPACIOUS DOUBLE FRONTED PREMISES occupying a corner position. Ceramic tiled floor and fully equipped including 3-pan gas counter range, electronic cash register, upright double door glass fronted drinks display fridge, stainless steel extractor system, 2 kebab machines, charcoal grill, walk-in deep freeze, walk-in coldroom, potato chipper & peeler etc.

Property information

Property:

Freehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease in respect of the ground floor, together with 2 flats over at a rental of £30,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. (As will be appreciated with the rental income from the 2 flats over curerntly of £9,600 p.a. the net rental payable at the present time would only £20,400 p.a. exclusive of rates).

Uniform Business Rates: £3,000 p.a. approx.

Alternatively should the 2 flats over not be required, the vendor, subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease in respect of the ground floor only at a rental of £18,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of SELF CONTAINED FLATS over at present let on shorthold tenancies and provides a rental income of £750 p.m. however, we understand that vacant possession can be given on completion, if required. FULL GAS FIRED CENTRAL HEATING, comprises: 3 Bedrooms (2 doubles 1 single) Bathroom with bath, w.c. and wash hand basin Lounge Kitchen

Location:

Situated in a busy road, WARWICKSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £4,000/£4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £450,000 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLIED

Trading hours:

Monday - Saturday inclusive - 12 noon - 1 a.m.
Sunday opening - 5 p.m. - 1 a.m.

Employees:

The business is at present operated by the vendor with the assistance of 2 full time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Leasehold asking price:

£140,000