Summary
- Asking price:
- £132,000
- Sales revenue:
- £234,000
- Cash flow:
- Available on request
- Employees:
- At present operated by the vendor the assistance of staff.
Business description
SPACIOUS DOUBLE FRONTED PREMISES with tiled floor. Fully equipped including 3-pan gas counter range, electric cash register, upright single door glass fronted display fridge, stainless steel extractor unit (Circal Polished), 1 kebab machine.
LARGE KITCHEN, 2-deck pizza oven, 3 upright single door stainless steel fridges, 1 upright double door stainless steel fridge, 1 upright deep freeze, 3 chest deep freezes, double sink and drainer etc.
Staff cloakroom with w.c. and wash hand basin
Property information
- Property:
- Leasehold
- Lease terms:
- We understand the SHOP PREMISES are held on a secure renewable lease, the present lease having approximately 23 years unexpired at a current rental of £3,480 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £1,100 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
- Living accommodation:
- The accommodation in the form of a SELF CONTAINED FLAT over, held on a SEPARATE TENANCY from the same landlord at a rental of £320 per month, comprises:
3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen
First Floor Balcony
- Location:
- Shopping centre, NORTHUMBERLAND
Other information
- Expansion potential:
- WE ARE INFORMED the turnover averages £4,500/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
- Reasons for selling:
- TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £132,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
- Trading hours:
- Monday - Saturday inclusive - 11 a.m. - 11 p.m.
Sunday opening - 4 p.m. - 11 p.m.
- Financing available:
- Please call Nationwide Businesses who will be pleased to help you with finance
Contact the seller
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