Old Established Takeaway in East London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, East London.

Turnover £ 3,000
Price £75,000

Features

Old Established Fish Bar & Kebab Shop

DOUBLE FRONTED PREMISES in the region of 450 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with fluorescent lighting, stainless steel extractor unit, cool display counter with refrigerated storage section, cash register, Preston & Thomas counter range (2 pan), chip dump, 2 kebab machine, grill, potato chipper and peeler, Panini toaster, Coca-Cola fridge, double door fridge, 4 x freezer.

Basement
2 rooms
Toilet with w.c. and wash hand basin & shower

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. 10% online sales

Staff

The business is at present operated by the Husband & Wife team with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 10pm

Tenure

The private landlord subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £22,000 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2007, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote