Nav Kumar on his search for a takeaway business to buy...
I worked in a chip shop for about six years part-time, and that's how I got my experience in the takeaway [business]. I looked on the website [BusinessesForSale.com] for pizzerias, fish and chip shops...
THis opportunity I came across through a friend. This place was closed down. I bought it from scratch and built it back up, so it was a big challenge for me.
On choosing the right location...
"The location is very important. Firstly you have the surrounding houses, the nearby businesses like Tesco. It's fairly busy on this stretch, so location is very important."
As a first-time business buyer you need to see what demand there is, what you're going to sell, how much you want to invest
His advice for a first-time buyer...
"For a first-time business buyer, I would recommend looking where the demand is. You haveso much competition out there - for example, fish and chip shops - you might see a chip shop there and a chip shop there.
You might see a pizzeria round the corner. You've got the high street competitors like Dominoes and Papa John's. You have to look at all angles.
"That's the biggest challenge for me. You have Papa John's a mile down the road. They're such a huge company and I'm an independent business owner, so I have to do all I can to build up business.
"As a first-time business buyer you need to see what demand there is, what you're going to sell, how much you want to invest."
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