Fast Food Takeaway with 17 online brands in East London For Sale

Occupying a corner position, excellent trading position, residential, office and commercial area, ethnically diverse location, EAST LONDON

Turnover £ 15,500
Price £180,000

Features

Fast Food Takeaway (17 Online Brands)

NET PROFIT £110,000 p.a.
No Local Compertition

DOUBLE FRONTED PREMISES in the region of 1,415 ft² WITH SHUTTERS, tiled floor, suspended ceiling with spot and fluorescent lighting, sales counter, EPOS till, stainless steel extractor unit with silencers, 11 under counter freezer, 6 upright freezers, 4 upright fridges, 3 counter top fridges,, Henny Penny chicken pressure fryer, grill, coffee machine, toaster, warmer, painini machine, 3 microwaves.

Basement in the region of 435 ft², used for storage purposes.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,500 p.w. with a Gross profit of 65% approx. (55% PORTAL SALES)

Staff

The business is at present operated by 6 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 6am - 3am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2012 with reviews every 5 years (next review 2027) 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 £180,000 plus STOCK AT VALUATION
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