Chicken Shop and Takeaway in North London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 5,250
Price £135,000

Features

Old Established Fried Chicken Shop

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, 3 LED Menu Boards. Tables and chairs providing seating for 6 People, CCTV system (4 cameras, 1 monitor).

Open plan kitchen area with stainless steel extractor unit, 3 x deep fryers, stainless steel preparation table, hot cupboard, double sink and drainer, fridge, 3 x freezer.

Stock room.

Staff Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 - £5,500 p.w. with a Gross profit of 65% approx. (10% VIA PORTALS)

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in April 2019 with reviews every year (next review April 2026) at a current rent of £19,200 p.a.

Business Rates from April 2025 £900 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote