Fast Food Takeaway in East London For Sale

Situated in a parade, busy road, residential and commercial area, EAST LONDON

Turnover £ 5,200
Price £125,000

Features

Takeaway Kebabs, Fish & Chips, Chicken Shop

DOUBLE FRONTED PREMISES in the region of 485 ft² WITH ELECTRIC SHUTTERS with Tiled floor, suspended ceiling with LED ligting. Customer waiting area. Counter, cash register, soft drinks fridge, 4 x LED Menu Boards, CCTV system (4 cameras, 1 monitor).

Kitchen with Stainless steel extracter, electric grill, 2-burner gas grill, 2 doner kebab machines, microwave, Henny Penny chicken cooker, steamer, 2-pan range, chip warmer and chip fryer, potato peeler and cutter, display fridge, 4 deep freezers, large Polar fridge, salad fridge, stainless steel preparation table, single sink with drainer, wash hand basin.

Store room

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,200 p.w. with a Gross profit of 65% approx. (£1,000 online sales)

Staff

The business is at present operated by the vendor (manager) with 1 full time & 1 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY 12 noon - 10.30pm
FRIDAY & SATURDAY 12 noon - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Electric Heaters, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,600 per month . The accommodation comprises:

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

Outside

Rear yard with brick built storage with 4 deep freezers

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 2024 with reviews every 4 years (next review 2028) at a current rent of £22,000 p.a.

Business Rates from April 2024 £2,820 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote