Chicken Shop and Takeaway in North London For Sale

Situated in a parade, main road trading position, residential area with 2 schools nearby, NORTH LONDON

Turnover £ 6,500
Price £150,000

Features

Modern Fast Food Chicken Takeaway

STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES, in the region of 675 ft², WITH ELECTRIC SHUTTERS, CCTV (4 cameras), laminate flooring, suspended ceiling with LED lighting.

Customer waiting area, table and chairs. Luminated menue.

Sales counter - Electric cash register, soft drinks fridge.

Open plan kitchgen - Stainless steel extractor, 2 Henny Penney chicken machines, hot display machine, grill, double basket deep fat fryer, heated cabinet, microwave, chest freezer, fridge, double sink and drainer, stainless steel preparation table, etc.

Dry store room.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. - £7,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the 2 partners with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11 am - 11 pm

Accommodation

-THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat to rear comprising:

1 double bedroom with shower cubicle.
Kitchen / diner.
Toilet with wash hand basin.
Kitchen.

At present let on a shorthold tenancy providing a rental income of £1,100 per month

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £14,500 p.a. plus VAT

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote