Fast Food Restaurant and Takeaway in Worthing For Sale

Situated in a parade, excellent main road trading position, WEST SUSSEX WORTHING

Turnover £ 10,000
Price £180,000

Features

Profitable Fast Food Restaurant Plus Takeaway

Outstanding opportunity to acquire a Fast Food Restaurant specialising in Burgers & Chips

DOUBLE FRONTED RESTAURANT with tiled floor, suspended ceiling, concealed lighting. Full gas fired central heating. Stainless steel counter, computerised system for orders. Tables and chairs providing seating for 20 persons.

OPEN PLAN KITCHEN with Nico Flamed Grill Boiler, 2 deep fryers, chip scuttle, mileshake machine, soft drinks dispenser, 1 large larder fridge, 4 deep freezes etc.

Customer's cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering tremendous potential for futher increase in the right hands. Gross profit 65% approx. IT SHOULD BE NOTED THAT THE PURCHASE OF THIS BUSINESS WILL BE SUBJECT TO ENTERING INTO A FRANCHISE AGREEMENT. FULL DETAILS AVAILABLE UPON REQUEST.

Staff

The business is at present run under management. Staff employed 1 full time manager plus 1 additional full time staff & up to 10 part time staff as & when required.

Trading Hours

11 a.m. - 11 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:

1 double bedroom
Bathroom with bath, wash hand basin
Separate w.c.
Large lounge
Large kitchen with fitted units

Outside

Rear garden. Garage.

Tenure

We understand the premises are held on a secure renewable lease having approx. 15 years unexpired at a current rental of £19,240 p.a. exclusive of rates with rent revisions every 5 years.

Uniform Business Rates: Nil payable at present after small business relief (previously £1,800 p.a. approx).

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION (£1,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 90,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote