FinanceYou can borrow
£ 107,500 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
LEVEL KITCHEN with stainless steel extractor system, cladding to walls, 3 electric double deep fryers, 3 pizza ovens, 1 microwave oven, 2 chest deep freezes, 1 walk-in deep freeze, double sink and drainer etc.
Turnover
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand that the turnover is mainly takeaway with a small amount of deliveries undertaken). Gross profit 60% approx.
Staff
The business is at present operated by the vendor with the assistance of a relative on a full time basis plus 3 full time staff.
The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £750 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Living Room
Kitchen
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £5,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £215,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
No sale No fee