Fast Food Takeaway in Kidderminster For Sale

Situated in a small parade, excellent trading position, residential area, WORCESTERSHIRE KIDDERMINSTER

Turnover £ 5,000
Price £59,950

Features

Indian Balti and Pizza Takeaway

Ample customer's car parking as there are no parking restrictions in front of shop.

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 665 ft² with double doors. Air conditioning with hot air. Laminated strip floor, suspended ceiling with spotlights. Sales counter, EPOS till. CCTV system (5 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, Tandoori oven, 2-deck pizza oven, microwave, 8-burner gas cooker, 2-pan deep fryer, kebab machine, hot cupboard, refrigerated making table, 4 fridges, 5 freezers.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000/£6,000 p.w. with a gross profit of 65% approx. (50% Deliveries)

Staff

The business is at present operated by the 2 partners with 3 full time kitchen staff & 3 part time drivers.

Trading Hours

7 Day week
MONDAY - SUNDAY 5 p.m - 11 p.m

Accommodation

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

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

Outside

Rear yard, shed and garage.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2013 with reviews every 4 years (next review 2025) at a current rent of £14,640 p.a. (As will be appreciated with the current rent of £7,200 p.a. from the accommodation, the net rent payable at the present time is £7,440 p.a).

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote