Indian Takeaway plus Convenience Store with Off Licence in Middlesex For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, MIDDLESEX.

Turnover £ 7,500
Price £115,000

Features

Licensed Pizza & Indian Takeaway with Convenience Store with off Licence and Indian Snacks

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS in the region of 635 ft². Tiled flooring, light panels, CCTV. Tables and chairs seating 12 persons. Electric cash register, beer fridge.

Cloakroom with toilet and sink

SEPARATE KITCHEN. Tiled floor tube lighting. Stainless steel extractor, electric fryer, 6-burner gas hob, pizza oven, 1 upright freezer, chest freezer with stainless steel top, drinks fridge, dough mixer, fridge for vegetables, open chiller, single sink and drainer, wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 - £8,000 p.w. in our opinion having potential to increase. (60% food led)

Staff

The business is at present operated by the vendor with the assistance of 2 full time and 1 part time staff. We are advised the wages paid are approximately £1,000 p.w.

Trading Hours

7 Day week
12 Noon - Midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2021 with reviews every 4 years (next review 2025) at a current rent of £18,000 p.a.

Business Rates from April 2022 £4,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 57,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote