Chinese & Chicken Takeaway in Victoria For Sale

The business occupies an excellent trading position, residential, large hotel & office area SW LONDON VICTORIA

Turnover £ 7,000
Price £125,000

Features

Well Established Chinese and Chicken Takeaway

GROUND FLOOR ATTRACTIVE SINGLE FRONTED PREMISES in the region of 650 ft². New shop front installed in September, 2020. The ground floor has a quality floor, 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 by the owner the turnover currently averages £7,000 p.w. including deliveries with a Gross profit of 65% approx. (£4,500 Chinese / £2,500 chicken)

Staff

The business is at present operated by 3 full time plus 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 10am - 11pm
SUNDAY 12 noon - 11pm

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £21,000 p.a.

NIL Business Rates 2023 £7,000 p.a. 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 £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote