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Reference R9554

Recently Established Chicken Shop in South London For Sale

Recently Established Chicken Shop in South London For Sale
Recently Established Chicken Shop in South London For Sale Buy a Recently Established Chicken Shop in South London For Sale

Register to see map and to make an appointment The business occupies an excellent trading position, residential, large hotel & office area SW LONDON

Turnover 13,000
Price 195,000

Features

Recently Established Chicken Shop (opened September / October, 2020) with well Established Hot Food Takeaway & Delivery (established Approximately 15 Years)

GROUND FLOOR ATTRACTIVE SINGLE FRONTED PREMISES. New shop front installed in September, 2020. The ground floor has a quality floor & is recently newly fitted. Counter, HWF chicken display cabinet, 1 Henny Penny chicken pressure cooker, Peri Peri machine, double gas deep fryer, stinless steel extractor, 2 fridges, walk-in coldroom, double sink & drainer etc.

Stairs to LARGE BASEMENT providing kitchen (utilized for the operation of Chinese Hot Food). The equipment includes 7-burner Chinese cooker, 1 microwave oven, double sink & drainer, 2 walk-in coldrooms etc.

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the combined turnover in respect of the Chicken Shop & Chinese Hot Food is currently in the region of 13,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the turnover in respect of Chinese Hot Food Takeaway & Delivery is currently in the region of 9,000/9,500 p.w. including deliveries on on line orders, Just Eat, Uber & Deliveroo. We further understand the Chicken Shop opened in September, 2020 & we understand the turnover is currently in the region of 3,700 p.w. in our opinion offering terrific potential to introduce deliveries. We are further advised that the Chinese Takeaway has been established for approximately 15 years.

Staff

The business is at present staff operated, comprising 5 full time staff plus 4/5 part time drivers/front of house help.

Trading Hours

11 a.m. - 10 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 2 years unexpired at a rental of 21,000 p.a. exclusive of rates. We understand the present tenant has agreed a further lease for a period of 15 years at a rental of 21,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable at present after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 97,500 (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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