Halal American Restaurant in Southend-on-Sea For Sale

Situated in a parade, close to the High Street and approx. 300 yards from Sea Front, ESSEX. SOUTHEND-ON-SEA

Turnover £ 4,500
Price £73,950

Features

Licensed Halal American Restaurant

NEWLY FITTED 2021
LICENCE NOT CURRENTLY UTILISED

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS, ceramic tiled floor, beamed ceiling with wall lights and hanging lights. 2 Air conditioning units with hot air. Tables and chairs providing seating for 55 persons. BAR with EPOS till, coffee machine, ice machine, Rolled Ice Cream machine, slush machine, juicer, professional blender,. CCTV system (5 cameras).

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, 3-burner charcoal grill, charcoal rotisary, 2 doner kebab machines, chicken machine, griddle, 2-pan deep fryer, charcoal rotisary lamb machine, 3 fridges, dishwasher, 2 freezers.

Walk-in coldroom.

Ladies' & gentlemen's toilet with w.c. and wash hand basin
Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a gross profit of 65% approx. (£1,000 approx on takeaway)

Staff

The business is at present operated by a lady vendor with her brother plus the assistance of 3 kitchen staff and 2 servers.

Trading Hours

7 Day week
SUNDAY - THURDAY 11 a.m - 11 p.m
FRIDAY & SATURDAY 11 a.m - 1 a.m
(We are advised the premises can be open from 10 a.m - 2 a.m)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 25 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £26,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £73,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 36,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote