Chinese Takeaway in Worthing For Sale

Situated in a Parade, bus stop outside, excellent trading position, residential area, WORTHING, West Sussex.

Turnover £ 2,600
Price £48,000

Features

Old Established Chinese Takeaway ~ Retirement Sale

6 DAYS OPENING

SERVICE ROAD WITH CUSTOMER PARKING TO THE FRONT.

SINGLE FRONTED PREMISES, in the region of 700 ft², security camera, laminate flooring, plasterboard ceiling with spot lights.

Customer waiting area, 6 seats.

Sales counter - electric cash register, soft drinks fridge.

Staff rest area

SEPARATE KITCHEN - Stainless steel extractor, 2 pot ban marie, 4 burner chinese range hob, double basket deep fat fryer, microwave, single door fridge, double door fridge, 3 chest freezers, double sink and drainer, stailess steel preparation table, etc.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,300 p.w. - £2,900 p.w. with a Gross profit of 60% approx. We are advised 25%-30% of sales are delivery.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 2 part time staff and a delivery driver.

Trading Hours

6 Day week
WEDNESDAY TO MONDAY 5 p.m. - 9 p.m.
CLOSED TUESDAY

Accommodation

Internal staircase to FIRST FLOOR, in the region of 450 ft², comprising;

3 rooms above (2 doubles, 1 single)

Bathroom with bath, toilet and wash hand.

Outside

Dry goods store to rear.

Rear parking space.

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 2017 with reviews every 5 years (next review October 2027) at a current rent of £13,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £48,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote