Chicken Restaurant & Takeaway in Romford For Sale

Situated in a parade, main road trading position, residential and commercial area, ESSEX. ROMFORD

Turnover £ 3,750
Price £75,000

Features

Well Fitted Fast Food Restaurant & Takeaway

SINGLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, ceiling with LED lights, sales counter, 5 LED Menu Boards, EPOS till, slush puppy machine, drinks display fridge (glass fronted upright single-door), Tables and chairs providing seating for 16 People, can be expanded, CCTV system (4 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, grill, Henny Penny chicken fryer, Henny Penny deep fryer (2 pan), charcoal grill, double kebab machine, breading table, double door fridge, refrigerated making table, double door freezer.

Toilet with w.c. and wash hand basin…

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 - £4,000 p.w. with a Gross profit of 65% approx. (40% DELIVERY)

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11pm

Outside

Rear yard with Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £16,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote