Chicken and Kebab Shop in Central London For Sale

Situated in a parade of 5 shops close to University, office area, CITY OF LONDON

Price £110,000

Features

Fully Equipped Chicken & Kebab Takeaway

SINGLE FRONTED PREMISES recently refurbished. Tiled floor, spot lighting. Tables & chairs providing seating for 18 persons. Counter, electronic cash register.

OPEN PLAN KITCHEN AREA with tiled floor, 1 Henny Penny chicken pressure cooker, double deep fryer, grill, 2 doner machines, breading machine, walk-in coldroom, walk-in deep freezer, double sink & drainer etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £4,500 p.w. - £5,000 p.w. including takeaway & restaurant area. In our opinion there is terrific potential to develop deliveries if desired.

Staff

At present operated by the vendor with the assistance of her husband on a full time basis plus 3 full time & 1 part time staff.

We are advised the wage bill £1,200 p.w.

Trading Hours

Monday - Saturday inclusive - 11.30 a.m. - 11.30 p.m.
Sunday opening - 11.30 a.m. - 10.30 p.m.

Tenure

We understand the premises are held on a secure renewable lease having 12 years unexpired from December, 2016 at a current rental of £18,000 p.a. exclusive of rates up to December, 2026 with rent review at that time.

Uniform Business Rates: £2,600 p.a. approx. after small business relief.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote