Chicken Shop plus HMO income in Surrey For Sale

Terrace property, excellent main road trading position, residential, office and commercial area, SURREY

Turnover £ 16,000
Price £425,000

Features

Well Fitted Chicken Shop with House of Multiple Occupancy Licence

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 650 ft² with canopy. Woodstrip floor, ceiling with hanging lights. Air conditioning with hot air. Tables and chairs providing seating for 16 persons. CCTV system (12 cameras, 3 monitor), Slushie machine, ice cream machine.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, cool display counter with refrigerated storage section, 2 Henny Penny's machines, 2 pan deep fryer, beardfingf table, 2 fridges, glass fronted upright drinks display fridge, 3 under-counter fridges.

KITCHEN. Stainless steel extractor unit, 5-burner gas cooker, refrigerated making table, stainless steel freezer, 2 preparation tables, double sink and drainer, etc.

Toilet with w.c. and wash hand basin

Small Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £16,000 p.w. with a gross profit of 65% approx. (including 55% in respect of deliveries)

Staff

The business is at present operated by 4 full time & 2 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY - 11am - Midnight
FRIDAY & SATURDAY - 11am - 2 a.m.

Accommodation

THE SELF CONTAINED LICENSED HOUSE OF MULTIPLE OCCUPANCY ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £4,500 per month over 3 floors, comprises:

6 Bedrooms (3 doubles, 3 singles)
2 Kitchens
2 Bathrooms with bath, shower, w.c. and wash hand basin

Outside

Outside Office and Storage shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £48,000 p.a. (As will be appreciated with the current rental of £54,000 p.a. for the accommodation, the net rental PROFIT at the present time is £6,000 p.a).

Business Rates from April 2024 £3,600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £425,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR A SUB LEASE TO INCLUDE CHICKEN SHOP ONLY, GOODWILL, FIXTURES & FITTINGS £275,000 plus STOCK AT VALUATION with a starting rent of £40,000.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 212,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote