Well Established Takeaway in South London For Sale

Situated in a parade, close to main road, residential area with 2 schools nearby, SE LONDON

Turnover £ 8,500
Price £135,000

Features

Well Established Kebab, Pizza & Chicken Shop

Forecourt with parking for 2 cars

DOUBLE FRONTED PREMISES in the region of 400 ft² WITH ELECTRIC SHUTTERS & Canpoy. Tiled floor, suspended ceiling with fluorescent lighting. Tables and chairs providing seating for 5 persons. Cool display counter with refrigerated storage section, illuminated menu board, cash register, stainless steel extractor unit, 2 kebab machines, grill, 4-pot bain marie, chicken machine, deep fryer, etc.

KITCHEN. Freezer, 2 fridges, preparation table, dough machine, single deck pizza oven with conveyor belt etc.

Stockroom / Storeroom with 3 freezers

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a Gross profit of 65% approx. (£5,500 as delivery)

Staff

The business is at present operated by the vendor with 2 full time staff and 3 drivers.

Trading Hours

7 Day week
MONDAY - SUNDAY 2pm - 1.30am

Accommodation

THE SELF CONTAINED ACCOMMODATION Flat with Gas Fired Central Heating, at present let on a shorthold tenancy providing a rental income of £1,400 per month. The accommodation comprises:

2 Bedrooms (1 double, 1 single)
Lounge
Bathroom with bath, w.c. and wash hand basin
Kitchen

Outside

Rear yard with parking 3/4 cars

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £24,000 p.a. (As will be appreciated with the current rental income of £16,800 p.a. from the accommodation, the net rental payable at the present time is only £7,200 p.a).

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

THE BUSINESS HAS BEEN IN THE SAME FAMILY SINCE 2002 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote