Fast Food Restaurant and Takeaway in East London For Sale

Situated in a parade, main road trading position, excellent location, benefiting from good passing trade, and within close proximity of a large local residential area, EAST LONDON

Turnover £ 4,000
Price £45,000

Features

Well Fitted Fast Food Restaurant & Takeaway

FRONT FORECOURT

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 975 ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with LED lights. Tables and chairs providing seating for 20 persons. Sales counter, EPOS till.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, ice cream machine, griddle, 2-pan deep fryer, 6-pot bain marie, 6-burner gas cooker, fridge, 3 under-counter freezers, 2 deep freezers, under-counter freezer.

Walk-in coldroom

Preparation room, 2 sinks, preparation table

Toilet with w.c. and wash hand basin

Basement in the region of 400 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a gross profit of 65% approx. (50% DELIVERIES)

Staff

The business is at present operated by the vendor as a manager with 2 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 7 years in 2021 with reviews every 3½ years (next review 2024) at a current rent of £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote