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Popular Takeaway And Rental Income In Liverpool For Sale

Liverpool, Merseyside
Asking Price:
£139,995 Furniture / Fixtures included
Sales Revenue:
£182,000
Cash Flow:
Available on request

Main Road Trading Location
Annual Turnover £182,000
Gross Profit £109,200
Accounts Available Upon Viewing
Rental Income Of £15,000 Per Annum
Close To Student Accommodation
Substantial Investment In F&F
Established 2016
Customer Seating For 16
Strong Uber Eats Following
Scope To Extend Opening Hours
EPC - C

REF 6613 – Leasehold Takeaway + Rental Income

Blacks Brokers are pleased to bring to the market this leasehold takeaway with rental income located in a densely populated residential area close to Liverpool city centre, Merseyside.

INTRODUCTION

Manhattan Chicken & Pizza has been trading on Vauxhall Road since 2016. Our client established the business to meet local demand for a takeaway in this area. The premises underwent a thorough refurbishment before opening and our client invested heavily in quality fixtures, fittings and equipment. The business has quickly become a well known and highly reputable eatery within this area.

LOCATION

Located close to Liverpool city centre, in the heart of the Liverpool student accommodation area. This is a two minute walk from John Moores Liverpool University, and 30 second walk from John Moores Library. The business is positioned on a busy main road with excellent public transport links and parking is available in the immediate vicinity.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business interests being higher than anticipated, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is twenty five years with rent reviews every five. The current lease began in 2016 at a cost of £384 per week. This lease includes a large unit next door which is currently sublet. This generates £288.46 per week.

STAFF

The business is currently operating with our client in full time employment supported by two part time members of staff and family members during peak times.

FINANCIAL DETAILS

Manhattan Chicken & Pizza has made an impressive start to trade during its first two years. We are advised that the business currently has annual turnover of £182,000 with gross profit of £109,200. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £1,500. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a prominent trading position close to Liverpool city centre and close to a large amount of student accommodation. Our client has established a large customer base and good reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours and a new online and social media presence. There is also potential to expand the menu. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sun - 3pm - 11pm

Contact Information

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  1. What will happen?

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