Chinese Takeaway with Huge Potential in South London For Sale

Occupying a corner position, excellent trading position, residential area, SW LONDON

Turnover £ 4,750
Price £98,000

Features

Old Established Chinese Takeaway with Huge Potential

6 DAYS OPENING

5 STAR HYGIENE RATING


PROMINENT CORNER POSITION, premises in the region of 600 ft², Tiled flooring, plasterboard ceiling with tube lighting.

Customer waiting area, with seating.

Sales counter - Cash drawer, soft drinks fridge.

SEPARATE KITCHEN - Stainless steel extractor, 8 burner wok compatible hob, 4 pot bain marie, microwave, 2 rice cookers, 2 fridges, 3 chest freezers, double sink and drainer, wash hand basin, stainless steel preparation table, etc.

Staff cloakroom with toilet and wash hand basin.

Bin store.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. - £5,000 p.w. with a Gross profit of 65% approx.

We are advised the business operates on a 'Cash & Collection' basis, there is huge scope to incorporate on line sales and offer delivery.

Staff

The business is at present operated by the Husband & Wife team with family assistance and casual staff as required.

Trading Hours

6 Day week
WEDNESDAY - SATURDAY 4 pm - 11 pm
CLOSED TUESDAY

Accommodation

THE ACCOMMODATION with entrance via the shop, AND street acces, to the flat above comprising;

3 bedrooms (2 doubles and a single bedroom)
Bathroom, with bath, sink and toilet.

Outside

Enclosed yard used for storage.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £26,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005, AND OFFERED FOR SALE SOLELY DUE TO OWNERS' RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £98,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote