Restaurant & Takeaway in Hertfordshire For Sale

Situated in a parade, excellent trading position, sought after SOUTH HERTFORDSHIRE TOWN close to the M25

Turnover £ 8,000
Price £125,000

Features

Established Gourmet Burger Restaurant and Takeaway Business For Sale

AMPLE STREET PARKING

6 DAYS OPENING

Rare opportunity to acquire an established business in a highly desirable and affluent area. The premises has been fitted out to a very high standard with high quality fixtures, fittings and equipment throughout, which are ALL included in the sale price, therefore an early viewing is recommended

SINGLE FRONTED PREMISES 1,500 sq. ft. Attractive high ceiling, chandeliers. Tables and chairs providing seating 70 persons. Counter to left. 2 group coffee machine, ice cream cabinet, milkshake machines, under-counter fridges and freezers. Fully Integrated EPOS till system with delivery platforms and Kitchen Display Unit (KDS) in place.

Second counter, convection oven, (croissants & pastry), panini machine, microwave, under-counter fridges, hand wash basin.

OPEN PLAN KITCHEN. Industrial non slip, LED strip lights. Stainless steel extractor, 2 large electric griddles (Blue seal), pull drawer fridges beneath, salamander, 2 double basket fryers (standalone full length), Bain Marie, Panini Griddle, Counter Top Fridges x 2, dishwasher, double sink and drainer.

PREPARATION area with sinks, stainless steel counters. Large double fridge, under-counter fridge with stainless steel top.

Walk-in freezer.

Ladies' & gentlemen's toilets

Disabled toilets

First Floor office

Large basement providing storage

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx.

Commercial Mexican Kitchen in place offering additional menu online via UBER EATS, JUST EAT and DELIVEROO

Eat in 40%. Delivery 60% Uber, Deliveroo and Just Eat. Vendor uses his own drivers.

Staff

The business is at present operated by 2 partners with the assistance of 2 full time staff & 2 part time staff employed.

SCOPE & TRAINING

The premises has alcohol license in place, but currently not trading alcohol. New owner could introduce alcohol and increase sales dramatically.

For convenience of new owners, training will be provided to ensure a smooth transition.

Trading Hours

7 Day week
Sunday - Thursday inclusive 12 noon - 9.30 p.m.
Friday & Saturday - 12 noon - 10 p.m.

Outside

Yard with parking for 2 cars

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £30,400 p.a.

Business Rates from April 2024 £2,300 approx. after small business relief (Please contact local authority to confirm)

SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote