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Reference R6427

Fast Food Restaurant and Chicken Shop in Portsmouth For Sale

Fast Food Restaurant and Chicken Shop in Portsmouth For Sale
Buy a Fast Food Restaurant and Chicken Shop in Portsmouth For Sale Sell a Fast Food Restaurant and Chicken Shop in Portsmouth For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, HAMPSHIRE PORTSMOUTH

Turnover 5,000
Price 90,000

Features

Fully Equipped Fast Food (including Burgers, Chicken Burgers, Steak Sandwiches, Ribs, Chips Etc)

SPACIOUS SINGLE FRONTED PREMISES with tiled floor, tiled walls, suspended ceiling with inset lighting. 2 tables & 8 chairs (can be increased). Counter, 2 computers with printer used for takeaway & delivery, upright double door fridge, upright single door fridge, double deep fryer, chip scuttle, charcoal grill, contact grill, 2 stainless steel extractors, stainless steel cladding (to cooking area), walk-in coldroom, 2 chest deep freezers, 2 upright deep freezers, double sink & drainer etc.

Storeroom
Staff w.c. and wash hand basin
Office

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of 2 full time plus 1 part time staff. In addition 3 part time drivers are employed for deliveries.

Trading Hours

Monday - Thursday inclusive - 4 p.m. - 10.30 p.m.
Friday & Saturday - 2 p.m. - 11.30 p.m.

Accommodation

As an OPTIONAL EXTRA is a SELF CONTAINED FLAT available on a shorthold tenancy at terms to be agreed. The flat does require some refurbishment & comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Yard at rear with parking space for 4/5 cars

Tenure

We understand the restaurant premises are held on a secure renewable lease, the present lease expiring in July, 2017 at a rental of 12,000 p.a. exclusive of rates. We understand the landlord will consider a surrender of the existing lease and granting a new 15/20 years lease in respect of the restaurant and with the self contained flat over at an initial rental of 15,500 p.a. exclusive of rates, with rent revisions. (We understand that if the flat is not required the landlord is prepared to grant, subject to satisfactory references, in respect of the restaurant only a new 15/20 years lease at an initial rental of 12,000 p.a. exclusive of rates, with rent reviews).

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 45,000 (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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