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WE ARE INFORMED the turnover averages in the region of £12,000 p.w. in our opinion offering tremendous potental for further increase in the right hands. Gross profit 65% approx.
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £330,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Large Customer's Car Park for the Shopping Centre (Free for up to 4 hours)
IMPRESSIVE FAST FOOD RESTAURANT. Tables and chairs providing seating for 148 persons. Long counter, 1 3-group and 1 2-group coffee machine, Taylors milkshake machine, 2 electronic cash registers.
Large open plan kitchen with non-slip floor. Fully equipped including large flat griddle, 1 small griddle, 6-burner gas cooker, 2 deep fryers, 2 stainless steel fridges, walk-in deep freeze.
Wash-up area with double sink and drainer, dishwasher
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
In addition there is a disabled fully tiled cloakroom with w.c. and wash hand basin
Staff
The business is at present mainly staff operated. Staff employed 1 full time manager, 5 full time plus 4 part time staff with additional casual staff employed on Saturdays. Wages paid in the region of £1,800 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
We understand the premises are held on a secure renewable lease for a period of 15 years from October, 2003 at a rental of £42,500 p.a. exclusive of rates up to October, 2008, with rent review at that time and thereafter every 5 years. In addition, we understand there is a service charge currently in the region of £12,000 p.a.
Uniform Form Business Rates: £22,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A PROFITABLE FAST FOOD RESTAURANT IN THIS EXCELLENT TRADING POSITION.
