Gourmet Takeaway in Upminster For Sale

Situated in a parade, excellent main road trading position, ESSEX UPMINSTER

Turnover £ 7,000
Price £118,000

Features

Gourmet Grill Turkish and Indian Takeaway (separate Kitchens)

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 380 ft². Tiled flooring, suspended ceiling with spotlights. Customer waiting area. Sales counter, 3m display chiller.

OPEN PLAN KITCHEN. Stainless steel extactor, charcoal grill, twin basket deep fat fryer, 2 kebab machines, bain marie, under-counter fridges, wash hand basin.

Staff cloak room with toilet and sink.

REAR KITCHEN. Stainless steel extractor, 8-burner cooker, clay oven, under- counter fridge, popodom machine, flat grill, double sink and drainer.

Store room - chiller, 2 chest freezers,

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 65% approx. (70% DELIVERIES)

Staff

The business is at present operated by 2 partners with 3 full time staff & 2 delivery drivers. We are informed the wage bill averages £1,350 p.w. approx.

Trading Hours

7 Day week
SUNDAY - THURSDAY 5 p.m - 10 p.m
FRIDAY & SATURDAY 5 p.m - 11 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION with Storage Heaters, at present let on a shorthold tenancy providing a rental income of £1,700 per month . The accommodation comprises:

3 Bedrooms (2 doubles, 1 Single)
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Parking space for 1 car plus shed used for storage.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2014 at a current rent of £30,000 p.a. fixed until 2030. (As will be appreciated with the current rent of £20,400 from the accommodation, the net rent payablle at the present time is only £9,600 p.a).

NIL Business Rates after full relief (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 £118,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 59,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote