Chinese and Korean Takeaway in Farnborough For Sale

Situated in a parade, busy road, residential and commercial area, FARNBOROUGH, HAMPSHIRE

Turnover £ 8,500
Price £85,000

Features

Chinese & Korean Takeaway

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 650 ft² with laminated strip floor, suspended ceiling with spot lights, sales counter, EPOS till, drinks display fridge (glass fronted upright), Display Freezer, CCTV system (2 cameras).

Kitchen with stainless steel extractor unit, Chinese Cooker (5-burner), 2 x deep fryer (2 pan), 3 x freezer, fridge.

Walkin coldroom.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. (including dark kitchen) with a Gross profit of 65% approx. (85% ONLINE SALES)

Staff

The business is at present operated by 3 full time staff employed 2 Full time and 3 part time drivers.

Trading Hours

7 Day week
MONDAY - SUNDAY 4pm - 10pm

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Bathroom with bath, w.c. and wash hand basin.
Additional w.c.
Lounge.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2021 with reviews every 4 years (next review 2029) at a current rent of £18,000 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 £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote