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Well Established Takeaway & Accommodation - London For Sale

London, London
Asking Price:
£79,995 Furniture / Fixtures included
Sales Revenue:
£100,000
Cash Flow:
Available on request

Prominent Main Road Location
Annual Turnover £100,000
Further Financial Information Upon Request
Established 1997
Close To Mill Hill East Train Station
Good Public Transport Links
Minimal Local Competition
Well Equipped & Presented
5 Star Food Hygiene Rating
Retirement Sale
Rental Income From Flat £1,200 PCM
Currently No Social Media Presence
Could Accommodate Any Cuisine
EPC – C

REF 6787 –Leasehold Takeaway & Accommodation

Blacks Brokers are pleased to bring to the market this leasehold takeaway and accommodation located in a bustling residential area of London.

INTRODUCTION

Yummy Yummy has been trading on Bittacy Hill since 1997. Our client took ownership in 2012 and has since continued to trade as a Chinese takeaway. The business is very well known and has an excellent reputation in the area, a large base of regular customers and good reviews are noted on Just Eat and Yelp.

LOCATION

The business occupies a prime location within a popular shopping parade on Bittacy Hill. Neighbouring businesses include large multiples such as Coral, Waitrose and a busy BP garage as well as independent retailers and offices. This area is well linked by the M1 with superb public transport links and parking is available close by.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, 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 with a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is fifteen years and began in 2015 at a cost of only £317 per week. This includes the three bedroomed first floor accommodation which our client currently sub lets for £277 per week - this almost completely covers the rental cost of the entire property.

STAFF

The business is currently operating with three members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Yummy Yummy has traded well for many years. We are advised that the business has annual turnover of £100,000. Full financial details are available upon viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position on a busy main road and is close to a large residential community. There is plenty of scope to develop the business further with the introduction of longer opening hours and days. A new owner may also benefit from a strong social media presence and advertising campaign. 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

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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