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Reference R3528

Fish & Chip Shop and Chinese Takeaway in East Sussex For Sale

Fish & Chip Shop and Chinese Takeaway in East Sussex For Sale

Register to see map and to make an appointment Excellent trading position, residential area, EAST SUSSEX

Turnover 8,000
Price 1,000,000

Features

Long Leasehold (125 Years From 1999 At A Rental of 250 Pa For The First 33 Years Increasing To 500 Pa For The Following 33 Years & 900 Pa For The Remainder) Chinese Hot Food Takeaway & Delivery Plus Takeaway Fish & Chips

LARGE SHARED CUSTOMERS CAR PARKING

SPACIOUS SINGLE FRONTED PREMISES 41 ft x 20 ft built we understand in approximately 1998 suspended ceiling with concealed lightihg. The business is fully equipped including 3-pan gas counter range with heated display cabinet, 2 electronic cash registers. Illuminated menu board

LARGE CATERING KITCHEN with quarry tiled floor. The equipment includes stainless steel extractor, stainless steel cladding to walls (cooking area), 9-burner Chinese cooker, 6-burner gas cooker with double oven, 3-door stainless steel refrigerated counter fridge with refrigerated section over, 3 rice cookers, 4-pot bain marie, upright double door stainless steel deep freeze, 2 chest deep freezes, double sink and drainer, single sink, wash hand basin, walk-in coldroom.

Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand the split of turnover is approximately 7,000 p.w. in respect of Chinese takeaway & delivery with the balance in respect of takeaway fish & chips of approximately 1,000 p.w.

Staff

The business is at present operated by the vendor with the assistance of 5 full time staff.

Trading Hours

6 days per week - 11.30 a.m. - 2 p.m. & 5 p.m. - 11 p.m.
CLOSED ALL DAY MONDAY

Accommodation

Separate front entrance to SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING, comprising:

2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Separate kitchen

Tenure

We understand the property is held on a secure lease for a period of 125 years from 1999 at Pepper Corn rent of 250 p.a. exclusive of rates for the first 33 years increasing at that time to 500 p.a. exclusive of rates for the following 33 years with a further increase at that time to 900 p.a. exclusive of rates for the remainder of the lease. In addition we understand there is a service charge in the region of 1,500 p.a.

Uniform Business Rates: 3,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A PROFITABLE HOT FOOD TAKEAWAY BUSINESS IN THIS EXCELLENT TRADING POSITION. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

OFFERS TO INCLUDE THE VALUABLE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of 1,000,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 700,000 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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